I know people will tell me about the major pairs that you should start with but I noticed they have a lot of volatility which in not ready with on a small trading account. My portfolio is audusd audjpy audchf nzdusd nzdjpy nzdchf and eurusd what do you think guys?
Focus on the economy that you can understand. Or better still, focus on the trade relationships you can understand. If you understand the USA economy and his dealings with the UK, focus on GBPUSD. and so on. If you understand them, you can predict them.
hi , i dont focus on any special paris , i have a strategy that works and i follow that on any pair .
I think the major pairs are simple enough for new traders.
its right really, if you have most powerful analyzing trading strategy , then you can bring good result by means of using any pair.
Depends where you live and what time you are trading. Then there is the broker spreads during that time.
SGDJPY is a nice pair with tight spreads if you are in Asia. American brokers have terrible Asian hour spreads.
Each pair has its characteristics. So you can’t apply one strategy on all pairs. It must work better on certain pairs. What strategy is that?
Part of money management is to focus on the smallest spreads one is Aud/USD this pair I find one of least difficult pairs to trade and less risk ,with more experience there plenty of time to broaden ones horizons