Best currency pair for trading

[marym]

The best currency pair for trading depends on various factors, including the trader's trading style, risk tolerance, and market conditions. However, some currency pairs are more commonly traded than others and offer greater liquidity, tighter spreads, and lower transaction costs.
The most commonly traded currency pairs are known as the major currency pairs, which include:

1. EUR/USD (Euro/US dollar)
2. USD/JPY (US dollar/Japanese yen)
3. GBP/USD (British pound/US dollar)
4. USD/CHF (US dollar/Swiss franc)
5. AUD/USD (Australian dollar/US dollar)
6. USD/CAD (US dollar/Canadian dollar)
7. NZD/USD (New Zealand dollar/US dollar)

These currency pairs account for the majority of the trading volume in the forex market and are generally considered to be the most liquid. As a result, they tend to have tighter spreads and lower transaction costs, which can benefit traders.
However, the best currency pair for trading ultimately depends on the trader's individual goals and preferences. For example, a trader who prefers to trade during the Asian session may find that currency pairs involving the Japanese yen (such as USD/JPY or EUR/JPY) offer the best opportunities. Alternatively, a trader who is focused on long-term trading strategies may prefer to trade less liquid currency pairs that offer higher potential returns.
In summary, the best currency pair for trading depends on the trader's individual needs and preferences. While major currency pairs offer high liquidity and lower transaction costs, traders should consider a variety of factors when selecting a currency pair to trade.

 

[Ivo Zetticci]

Different traders have different choices over currency pairs for example I like trading in EURUSD and GBPJPY. To identify support and resistance, you can use fibonacchi and other indicators. Support and resistance will help you catch the exact market trend. Eurotrader offers more than 50 trading pairs including cryptocurrencies.

 

[Dita Walczak]

Pick the best trading pairs that are compatible according to your capital sizing. EURUSD, GBPUSD, XAUUSD are my favorite trading pairs. Lowering leverage means lowering lot size and it falls into the jurisdiction of risk management strategy. Eurotrader offers decent amount of leverage to traders.