Newbie looking for trading EUR/USD

This is a discussion on Newbie looking for trading EUR/USD within the First Steps forums, part of the Reception category; Originally Posted by coyeoh27 Hi alan5616, I also find that the spread for the currency pair is high about 5 ...

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Old Mar 24, 2009, 1:45pm   #15
 
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Quote:
Originally Posted by coyeoh27 View Post
Hi alan5616,
I also find that the spread for the currency pair is high about 5 to 8 pipis.

Regards.
The spread offered by the market makers reflects the volatility
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Old Mar 24, 2009, 3:44pm   #16
 
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Smile Re: Newbie looking for trading EUR/USD

yeah, and spreads reflect the liquidity too. If liquidity in a pair is poor the spread will be wider. That's also the reason for spreads to vary during day/night or during the release of numbers, but some market makers offer fixed spreads.

rgds,
F.
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Old Mar 24, 2009, 4:22pm   #17
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It is fair to say that although both cable and euro-dollar have their own idiosyncrasies, there are many events that move eurodollar, say, 30 pips and accordingly cable 50 pips simultaneously. Not exactly rocket science working out which would is potentially more profitable.....
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Old Mar 25, 2009, 2:35am   #18
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coyeoh27 started this thread Hi,
Is there anyone who can teach me strategy how to trade the GBP/JPY?

Thank you.
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