What are your favourite currency pairs?

NVP

Legendary member
36,168 1,761
#16
sorry to raise the questions guys .....but I take a smallish interest in forex correlations....;)

so interested to see more discussion on this thread :)

N
 
#20
Those two currency pairs are prone to being affected by sudden political decisions, how do you deal with that?
 

NVP

Legendary member
36,168 1,761
#21
I like EUR/USD, GBP/USD and GBP/AUD the most, because they are quite volatile and my strategy relies on that.
EU is volatile ?.....interesting comment

GBP and Yen are generally accepted as the bad boys of the G8 re volatility....USD and Euro generally are in bottom half in my experience .....so some days you might get a decent kicker on EU but only if they are uncorrelated as currencies on that day .....so like the london session at this very moment

euro is bull but GBP is more Bull at moment
USD is Bear but Yen is more bear

EU is a decent scalp ......but GBP and or Yen pairs are better at moment

N
 
#23
I was responding to the comment above mine that referred to USD/TRY and USD/RUB. Both the RUB and the TRY have had quite the upheavals because of various political decisions, the TRY more recently than the RUB.
 

Merk Porter

Junior member
44 0
#26
Forex refers to the foreign currency exchanges where a trader can exchange one currency for another. And no doubt every forex trader will have his preferred currency pair here. And for this a trader’s choice can be easily different from the others. I love to trade various major pairs like USD/EUR, USD/JPY, USD/YEN, etc. What I love most about major currency pair is these pairs show less instability than others.
 

NVP

Legendary member
36,168 1,761
#28
EUR/USD is the most popular currency pair for a reason. That said, have you ever tried or considered trading other currency pairs?
they do have different personalities.....dependent on the pair / mix

EUR USD is a solid and fairly steady pair as both currencies display that personality......some currencies are more volatile than these guys and display different correlation behaviours

I will trade EU most London open mornings if its looking favourable (a few chances this morning for example to sell EU) .....my other favourite is Cable in the London morning session

once NY opens its "game" on as theres a lot more movement on the G8 .....happy to hit most usd crosses then

N
 
#29
they do have different personalities.....dependent on the pair / mix

EUR USD is a solid and fairly steady pair as both currencies display that personality......some currencies are more volatile than these guys and display different correlation behaviours

I will trade EU most London open mornings if its looking favourable (a few chances this morning for example to sell EU) .....my other favourite is Cable in the London morning session

once NY opens its "game" on as theres a lot more movement on the G8 .....happy to hit most usd crosses then

N
The other great thing about EUR/USD is that it has the smallest spread out of all currency pairs and it's quite volatile, so it's very useful if you want to scalp.
 

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