Hey there. I would like to now if there are some traders in here that only trade ( day trade to be specific) only one single currency. I would like to here opinions about that. I think this would be interesting for new traders... In my case I day trade GBP/USD
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The main factors to consider when choosing the best currency to trade include volatility, spread, trading strategy and the level of difficulty of forecasting the forex market. There is a huge list of currency pairs available for trading in the forex market. If you look out your forex broker market watch window. you can see a list of currency pairs. Learn about the major currency pairs in the forex market and how to start trading them. View the top currency pairs list and live forex pair prices. The exotic currency pairs are the least traded in the Forex market and are therefore less liquid than even the crosses we just discussed. And while the liquidity of the exotic pairs is more than enough to absorb most orders, the “thin” order flow often leads to choppy price action. The difference between success and failure in Forex trading is very likely to depend mostly upon which currency pairs you choose to trade each week and in which direction, and not on the exact trading methods you might use to determine trade entries and exits. Currency pairs of the major economies. Major currency pairs are based on a list of popular currencies that are paired with the USD. The basket of major currencies consists of 7 pairs only. These currency pairs account for most of the turnover of Forex market. For instance, EURUSD pair alone accounts for about 30% of the trading volume.
Forex Analysis Using Parallel and Inverse Pairs - YouTube
Too often new traders come into the market without getting to know the most fundamental components of foreign exchange and how currencies work. So we decided... This Video is the 7th video in my “Real Forex Basics” Series! This Video Tells You When To Buy and When To Sell Within the Market With The Price Action Break... Parallel and inverse analysis of the spot forex can be used two ways, for overall market analysis and to verify trade entries. Breaking a currency pair into ... Learn more here: https://bit.ly/2ShPRPx Here' why you'll never make money in Forex. It's all because of the Forex cycle of doom. Many aspiring traders who ar... Learn our Other Scalping Strategy: https://bit.ly/2xol8aS In this video, I will walk you through a simple forex scalping strategy I've been using successfull...