Hello everyone!
As a “newbie” trader i wonder what pairs between the major and crosses pairs witch ones should i analyse. I don´t have the time to see them all and i can´t choose randomly because most of them have big correlations ones with anothers (and i know that can be positive or negative sometimes). So where do you advise me to start?! Thanks
it depends on the type of trader you are.
GBP/JPY and GBP/CHF are great currency pairs. They have a lot of volatility if that’s what you’re looking for. for Forex swing trading Europairs AUD/EUR, EUR/CAD, EUR/JPY and EUR/GBP. Japanese Yen Pairs USD/JPY, JPY/CAD and JPY/GBP. British Pound: Pairs include the GBP/AUD, GBP/CAD and GBP/CHF.
your time session matters too.
am currently in china so like Yen pairs.
just jump in choose one and go with it, i’ll help you GBP/USD
As a newbie focus on psychology,risk management and trading strategy last. follow that order.
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