Best Currency pair to trade

[keegan99k9]

Im new in the forum and not started trading yet. But I will like to know the best currency pair to trade. Please advice for starters like me.
Thanks all

 

[FxGlider]

EURUSD -- highest volume instrument, trends well. Trade it at any time, especially during the UK/US overlap.

GBPUSD -- almost "ditto"

USDJPY -- excellent pair, esp. during the asian session. When Long, earn excellent "carry"

 

[davis9786]

Hello,
I think that most of us trade the Euro, the Swiss franc (CHF), the British pound (GBP) and the Japanese Yen (JPY).

I trade those paired with the US Dollar, hence I trade the EURUSD, USDCHF, GBPUSD, and the USDJPY. They call those "the four majors". I have also been known to take trades on the New Zealand, Australian and Canadian dollars if I can't find a trade on the 4 majors. You must learn the fundamentals of FOREX trading and I recommend

the e-Book Forex Trading Machine by Avi Frister. You may find out further detail at www.forexboost.com Its a must be book for beginners.
Best of luck.

 

[snes024]

If u want 2 trade.. try crossrate pair... specialy for GBP/JPY
i always trade on that pair... realy fast than the aother

 

[Agilent]

EURUSD -- highest volume instrument, trends well. Trade it at any time, especially during the UK/US overlap.

GBPUSD -- almost "ditto"

USDJPY -- excellent pair, esp. during the asian session. When Long, earn excellent "carry"

fxGLIDER

Whats yr view on $ / Re .... what wd u advise NRIs (some of us, for instance) sitting on $ FCNRs

I find the situation sad , and scary

AGILENT

 

[CreditViolet]

I’m new in the forum and not started trading yet. But I will like to know the best currency pair to trade. Please advice for starters like me.
Thanks all

Iraqi Dinar/ US Dollar

 

[Venu_CA]

Iraqi Dinar/ US Dollar !!!!!

What about Lilliput Litas / Brobdingnag Birrs ?

 

[CreditViolet]

Iraqi Dinar/ US Dollar !!!!!

What about Lilliput Litas / Brobdingnag Birrs ?

We are not talking size here, but just imagine the volatility!

 

[FxGlider]

fxGLIDER

Whats yr view on $ / Re .... what wd u advise NRIs (some of us, for instance) sitting on $ FCNRs

I find the situation sad , and scary

AGILENT

Don't have updated charts for USDINR but the uptrend from 1973 is still in force and the current down move is just a correction. Question is, "is this a wave 4 correction?" If it is, then expect a retracement to at least 38.2% which currently sits at 33.45. If it is a 4th of 3 correction then the 23.6% retacement level could provide the continuation of the uptrend. I don't follow this pair so my observations are from just a quick glance at charts valid upto March 9, 2007.

But see comments below for $ FCNR holders and general holders of Dollars internationally.

Big move coming up in strong USD. Should last for months but needs to be monitored on a weekly basis. When the bull move terminates, I plan to be out of USD for quite some time thereafter.

After the bullrun of USD, to find the strongest MAJOR (I avoid the little ones) currency to go Long versus USD, use ratio analysis to find the winner thusly: (use monthly/weekly chart)

AUDNZD .... pick winner here (A)

Run (A) vs CAD .... pick winner here (B)

Run EURGBP, EURCHF, GBPCHF ..... pick winner here (C)

Run (B) vs (C).

There's your winner for the next cycle versus USD.

That's one option.

Another is, run the same winner against Yen -- if NZD comes out as the overall winner and Yen Interest Rate continues to remain low, then you have a whopper of an earnings stream monthly (depending on position size of course).

Watch Interest Rates in Euroland, UK and Aus, NZ. Versus Yen your winner will have a lot to do with the direction of Interest Rate differentials.

Note: Out of every 100 fellows, probably not a single one is bullish the dollar -- almost everyone is calling for its death. Who are these cats? Probably the very same ones who did the shouting in December 2004. Many of these fellow were hospitalized for weeks after the dollar staged a massive comeback.

A look at the recent COT report shows the "smart money" in ever increasing net short positions EurUsd.

 

[Agilent]

Don't have updated charts for USDINR but the uptrend from 1973 is still in force and the current down move is just a correction. Question is, "is this a wave 4 correction?" If it is, then expect a retracement to at least 38.2% which currently sits at 33.45. If it is a 4th of 3 correction then the 23.6% retacement level could provide the continuation of the uptrend. I don't follow this pair so my observations are from just a quick glance at charts valid upto March 9, 2007.

But see comments below for $ FCNR holders and general holders of Dollars internationally.

Big move coming up in strong USD. Should last for months but needs to be monitored on a weekly basis. When the bull move terminates, I plan to be out of USD for quite some time thereafter.

After the bullrun of USD, to find the strongest MAJOR (I avoid the little ones) currency to go Long versus USD, use ratio analysis to find the winner thusly: (use monthly/weekly chart)

AUDNZD .... pick winner here (A)

Run (A) vs CAD .... pick winner here (B)

Run EURGBP, EURCHF, GBPCHF ..... pick winner here (C)

Run (B) vs (C).

There's your winner for the next cycle versus USD.

That's one option.

Another is, run the same winner against Yen -- if NZD comes out as the overall winner and Yen Interest Rate continues to remain low, then you have a whopper of an earnings stream monthly (depending on position size of course).

Watch Interest Rates in Euroland, UK and Aus, NZ. Versus Yen your winner will have a lot to do with the direction of Interest Rate differentials.

Note: Out of every 100 fellows, probably not a single one is bullish the dollar -- almost everyone is calling for its death. Who are these cats? Probably the very same ones who did the shouting in December 2004. Many of these fellow were hospitalized for weeks after the dollar staged a massive comeback.

A look at the recent COT report shows the "smart money" in ever increasing net short positions EurUsd.

thanks FXG... but what is that word ?
AGILENT