Hello MNS
I left AU cause it cost me a lot and a lot of time it changed its direction in a trend.I hate this pair now!
Hello MNS
I left AU cause it cost me a lot and a lot of time it changed its direction in a trend.I hate this pair now!
I am in forex it is now one year I trade many majors pairs as GBP / JPY, and EURUSD. sometimes I also trade some exotic pairs, when I see a good occassion.
Why do anyone trade JPY pairs, i know that structurally the market is smooth with easily recognizable trends and breaks, but in general the yen pair is annoying since it is quoted in 2 decimals so its harder to calculate a proper RR ,LOT size and statistical stuff with it.Sometimes it is confusing so i like 4 decimal pairs.
I used to focus on just AUD/USD, USD/CAD, and NZD/USD since I like the commodity currencies but Iām starting to explore the crosses like EUR/AUD, GBP/NZD, etc. now. Kind of tough dealing with their volatility thoughā¦
Trueā¦
But less harmful currency as you have mentioned. I trade it regularly.
To me itās always ālow spread wide rangeā pairs, the spread should be 3 pips max and the daily range should be about at least 100 pips. Lately I just focus on GBP/USD and EUR/JPY since only these pairs meet that criteria, daily range nowadays is so narrow on other pairs compared to months ago.
My favourite pair is USD/GBP it is moving all the day . I thinks it movement is round about 200 to 250 pips daily .It is most active pair in forex market. I also had low spread as a major currency pair. Most of the people trade with this trading pair confidently . It involves two major currencies of the world.
i only stick to pair that gives me probabilities