What are the Best Currencies and When To Trade in Forex Trading ?
So you want to do your own trading in Forex Market? When you first interested in forex trading, it can be very difficult to decide which currency pairs you should be on the market, which pairs you want to trade with. Is it BEST to keep an eye on them all, meaning all the pairs and make your head spinning around, or only a few pairs?
Well, it’s not really a matter of a right or wrong answer here you know? The important fact is your own particular trading style. For example, if you have a very solid business based on criteria of technical analysis, then you can see all the trades for all the pairs, and wait for the right moment to occur in one of them to enter your position and really trade on it. Sure you will have to use some indicators for this 
– many professional traders do this, especially in what they call “Basket Trading” !!
Another method used by myself and I guess most traders focus only on these major currency pairs such as:
GBP / USD
EUR / USD
USD / JPY
USD / CHF
These are the most actively traded currencies so it makes sense to trade in such a way that fit very well to technical analysis. That’s because the cards are essentially the presentation and human behavior with so many people around the world look at all the same cards, you can begin to understand that people can enter and exit positions. The main advantage of this method is that these couples is generally spread is important, because the long term, these wider spreads can really make a dent in their profits. Another advantage of just watching these parents is that by focusing on a few pairs, you can know the personality of each and learn how they move, making it easier to identify trends and take a stand.
Finally, another factor is your position and time of day when you are available for trading.
For example, if you can negotiate the exchange markets between 7.00 and 17.00 GMT GMT, while GBP / USD or EUR / USD would be a good couple of market volatility, as this is when the London and European markets are open and in their peak.
So to summarize this short article, there is really no best currencies to trade for me, all this can be very lucrative. But you must take into account the tight spreads, and the behavior of each currency pair, which is why I generally recommend just trading one or more of the four major currency pairs – GBP / USD, EUR / USD, USD / JPY USD / CHF.
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Good Luck !!
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