Resolved Question
Which currency pairs do you guys trade?
about 1 year ago
Best Answer - Chosen by Voters
I usually work with USD/JPY, AUD/USD, and GBP/USD. I like USD/JPY because it's "faithful" to technical indicators such as chart patterns, support and resistance levels, and candlestick formations. I trade the AUD/USD when there are big moves in commodities or changes in risk sentiment. And I like GBP/USD (or GBP/JPY) because it's a very volatile pair...
about 1 year ago
Answers (5)
My favorite’s pair is EUR/USD, simply because it moves less than 100 pips a day. I think this pair is good for beginners like me.
about 1 year ago
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I usually trade GBP/USD and EUR/JPY simply because their average trading range is more than 200 pips. This gives me a lot of room to play around with regards to volatility.I also like to trade EUR/USD. It is the most liquid of all pairs and it retraces a lot. This gives me a lot of opportunity to jump in on the overall trend.
about 1 year ago
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I like to trade the Yen crosses (EUR/JPY, GBP/JPY, AUD/JPY) since I pretty much base my trades on market sentiment. Usually, the pairs rise with risk appetite and fall with risk aversion. The Yen crosses also offer another source of income aside from potential capital gains from the currencies' interest rate differential.
about 1 year ago
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Open Questions in Currencies
Resolved Questions in Currencies
- Can anyone tell me about other possible currency correlations?
- I’m looking for a site that provides updated correlations of the major pairs. I hope someone can share it to me.
- What is the best time to trade for the 4 majors? My time zone is EST.
- Do you think Japanese Yen and Chinese Yuan are lumped together in USD/JPY?
- PLEASE I WANT FREE TRADE SIGNAL SOFTWARE
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