The number of currency pairs available on the exchange will often make novice traders confused when choosing the right forex pair for themselves, pairs that can determine profits, especially for the short term.
In my opinion, the selection of the right forex pair for beginners will be very important before trading, especially we will know the characteristics of a pair, the strategy that will be used can at least minimize losses. According to seniors, it's better for novice traders to use the safest pair like (EUR/USD), or we can also use the pair we like, but we must analyze it first or we can also choose pairs based on criteria such as price range, liquidity , volatility, spreads and news. What do you think?
In my opinion, the selection of the right forex pair for beginners will be very important before trading, especially we will know the characteristics of a pair, the strategy that will be used can at least minimize losses. According to seniors, it's better for novice traders to use the safest pair like (EUR/USD), or we can also use the pair we like, but we must analyze it first or we can also choose pairs based on criteria such as price range, liquidity , volatility, spreads and news. What do you think?