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Trading Forex: The best pairs to
trade
When first learning to trade Forex, you should focus on the
best Forex pairs for trading. By best, we mean those pairs that
are widely traded, have the most liquid markets and have
sufficient price movements (or, volatility) to be worth
trading. The following pairs are consistently recommended as
best for trading in the Forex markets for meeting these
requirements:
- EUR/USD (Euro/US Dollar)
- GBP/USD (British Pound/US Dollar)
- USD/JPY (US Dollar/Japanese Yen)
- USD/CHF (US Dollar/Swiss Franc)
- USD/CAD (US Dollar/Canadian Dollar)
- AUS/USD (Australian Dollar/US Dollar)
By limiting yourself to these pairs you can: reduce the amount
of time spent searching for potential trades; locate stronger
and better trends developing among fewer pairs; and, make it
easier to get into and out of a trade quickly.
You can go a step further, as well, and limit yourself to the
two most liquid and widely traded pairs: EUR/USD and
GBP/USD.
by Eugene Ng -
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