Which major currency pair tend to make "big moves"?

Beginner Questions
1

hi guys… happy new year!

i dont know how to ask this question.

im looking for currency pair that is volatile and unstable, constantly make large movement, like 200 pips a day movement daily or 1000pip/week…

anyone know what i mean to help me out?

thank you

have a wonderful new year

2

hi

the best pair is gbp/jpy no problems to reach 300 pips in a day but you have to find the right broker with low spread but the next best is eur/jpy with low spread.

3

thank you…

one more question, those 2 pairs you mentioned, they are not considered “range” pair right? becuase i only have 10 trading days for those the pair to make a maximum move up or down wont matter

4

how do you calulate how much is one GDP/JPY pip worth? you use
(100/221.75) times 1.9852?

5

GBP/JPY @ 222.20

Means that one pound is worth 222.20 yen.

GL with your trading my friend. Happy New Year.

If you are a new trader I would recommend trading eur/jpy. Don’t ever worry about spreads, its only a few pips, for the type of gains you are talking about spread price is somewhat irrelevant.

:cool:

6

just to worn you those moves can go the other direction than is your entry so use stop loss for sure and watch important news.

good luck and some platforms has pip calculator which you can use(fxsol,VTtrader for example)

7

thanks for your replay…

also one more question, what causes gbp/jpy and EUR/JPY to make big moves?

9

Eur/JPY and GBP/JPY are usually in what is called a basket.

A basket meaning, alot of pairs with high rollover, or carry over, often refered to as a carry trade, ex. usd/chf , gbp/chf, eurjpy , eur/chf, aud/jpy and others, …

or any group or cluster of pairs where the daily pay is positive, lots of banks and hedge funds use carry trades as a hedge against global stocks markets, so generally when the global stock markets sell off, you will see the carry trade sell off, or in other words, you will see big profit takes across the board, or yet in still others words, you will see the longs get closed and thus the sell off.

Carry trade example,

eur daily interest 4.00
yen daily is 0.50
the difference is 3.50 ,

so eur/jpy long, would equal 3.50 difference pay per day (amount based on margin) and 3 times on wednesdays. Most carry traders use a 1:50 margin, not something momentum traders generally do.