Have you ever felt the difficulty of finding a life partner? Maybe that's what you feel when choosing what currency pair is suitable for your trading. Moreover, each currency pair has its own character. It is important for us to know these characters. How can we expect the profit, while we do not recognize the character of the currency pairs that are traded?
Currency Pair
For you who are beginners in forex trading, maybe you can try the currency pair EUR / USD. The currency pair is essentially calm, the risk is relatively low. How about the profit? Take it easy, profit EUR / USD is pretty good with a fairly low spread. Want more dynamic currency pairs? Try GBP / USD whose spreads range from 2 pips. You can take advantage of the retrace of the major trend.
Want more challenges?
We recommend GBP / JPY with a spread of about 8-9 pips. Of course, GBP / JPY is very dynamic movement. If you are observant to enter at the right time, it is not impossible you will get a very big profit.
Finding a currency pair that is suitable for us to trade is not easy. Persistence will lead you to find out which one is right for you. Few tips you can use: study the movement of these currency pairs with different time frames, you can review the history of the movement, including also observe the times where the currency pair is active. It will also help you to know the right moment for an open position.
Try some of the options of currency pairs that you think are suitable for your trading style through demo account facility. Later you will be able to reduce the choice of currency pairs that you transaction to focus on currency pairs that match your trading style.
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by zulfikar-fx from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit