would the Euro/Us be considered a volatile pair, what are the more volatile pairs and what are the least volatile pairs. Also which pairs give back interest so if there is lack of movement I can hold them for longer periods. Which pairs mirror each other (eg. USD/CHF to Euro/US) thanks in advance, just trying to understand the different currencies.
Eur/GBP very volitile USD/CAD not the volitile. The smallest moves I see are on the dollar and the Saudi riyal. They are a pegged set and not so good for carry trades.
check this out…
Forex_Traders_Cheat_Sheet.pdf (321 KB)
As a newbie trader, I only trade 2 pairs, thje EUR/USD and the GBP/USD. I find that the GBP/USD is a more volatile pair than the EUR/USD. I could be wrong, just my own point of view.
GBP/JPY is pretty volatile and AUD/USD I think is one of the higher paying interest pairs (if you stay Long for days)
Volatility is supposed to be reflected by the spread. High spread = high volatility.
IMO. one should only mess with the high speed / spread pairs if they’re already profitable on other pairs.
I’m a noob trader that’s still trying to find his forex legs. I still get knocked off my feet once in a while
After 2months of live trading, I am beginning to break even most of the time (Hope to see positive pips more often)
I trade with Alpari (US). Probably because I only have a mini account, I could only trade in 6 currency pairs. But I did notice a correlation of particular pairs.
Not sure if I was seeing patterns where there was none. Hope, someone can tell me whether I am crazy or not
[B]Here are the correlations I notice:[/B]
[B]USD/JPY & EUR/JPY[/B]… I accidentally looked at the EUR/JPY and thought it was the USD/JPY chart (lost some pips doing that)
[B]EUR/USD & GBP/USD[/B]… and [B]USD/CHF & EUR/GBP[/B]… I usually try to trade these pairs because of the large pip movements.
Remember I am a noob. So take my opinion for what’s its worth
BTW: gasanvill that was a very interesting cheat sheet. I’ll add it to my forex treasure trove