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How to Choose a Forex Pair

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hyman

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Quote from: azhari on May 22, 2019, 05:14:06 AM
in forex there are major and minor pairs, you only have to choose. but you should trade in a major pair because the spread is smaller.
yes that's true, if the minor pair spread is very large
#31 - May 22, 2019, 08:52:47 AM

tania

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choosing an easy pair, we only need to understand a character in a pair that matches our trading style.
#32 - May 22, 2019, 09:02:01 AM

nisaul

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choosing a forex pair is not easy, we have to experiment for a long time.
#33 - May 22, 2019, 10:41:34 AM

siswanto

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choosing a forex pair is usually done while still learning transactions and is directly attached to the trading style.
#34 - May 22, 2019, 10:58:52 AM

kencana

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Quote from: Chun cha on May 22, 2019, 04:12:30 AM
good practice will make our skills in choosing a pair not just theory.
choosing a pair is the same as building a trading system because it's part of the system / strategy.
#35 - May 22, 2019, 11:16:48 AM

joko kendil

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choosing the best pair is the pair that you master the most or like because if you like an automatic pair it will be easy to know the character.
#36 - May 22, 2019, 11:50:02 AM

Superfx

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Quote from: ASHfx on May 20, 2019, 03:32:36 AM
How to Choose a Forex Pair

In choosing a forex pair, you can use several criteria for consideration. The selection criteria for forex pair can be chosen based on price movements per day (range), the level of volatility, or the impact of the existence of fundamental news.

1. Based on Range Price range

is defined as the average price movement obtained from the difference between High and Low (High - Low) prices during a certain time period

2. Based on Volatility

Volatility is the amount of distance between the rise and fall of foreign exchange prices. High volatility means that prices go up high quickly then suddenly fall in quickly too, giving rise to a very large difference between the lowest price and the highest price at a time.

3. Based on News

As is well known, a news can cause considerable price volatility. In fact, news also has the potential to change trends in the short term, so many traders must speculate on a number of pairs. In such conditions, you are advised to look for other sources of information regarding the pair to be traded.
conclusions in pair selection in my opinion must look for opportunities and understand each character in each pair.
#37 - May 22, 2019, 01:32:39 PM

George

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Quote from: Superfx on May 22, 2019, 01:32:39 PM
conclusions in pair selection in my opinion must look for opportunities and understand each character in each pair.
exactly, the pair characters are different there are those that move fast there are also those that are slow, for example the GBP character is very fast.
#38 - May 22, 2019, 01:36:12 PM

tantra

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Quote from: George on May 22, 2019, 01:36:12 PM
exactly, the pair characters are different there are those that move fast there are also those that are slow, for example the GBP character is very fast.
My GBP pair doesn't like it, sir, I prefer the pair from Asia, where JPY is cool but also volatile.
#39 - May 22, 2019, 01:38:30 PM

Superfx

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Quote from: George on May 22, 2019, 01:36:12 PM
exactly, the pair characters are different there are those that move fast there are also those that are slow, for example the GBP character is very fast.
Gbb indeed the character is fast, if you know how to trade there the selection of GBP pair will be very profitable.
#40 - May 22, 2019, 01:45:14 PM

gobas

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choose a pair with a low spread
#41 - May 22, 2019, 04:25:04 PM

iyan

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choosing the right pair can be done by looking for recommendations or testing the appropriate pairs yourself
#42 - May 22, 2019, 04:59:33 PM

Dielan

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Quote from: Superfx on May 22, 2019, 01:45:14 PM
Gbb indeed the character is fast, if you know how to trade there the selection of GBP pair will be very profitable.
GBP pair can be big profit and big loss. for those who like fast good choose this pair
#43 - May 22, 2019, 05:04:09 PM

sutraa

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I will give a little extra in choosing a pair, choose a pair that is slow but consistent in forming trends, he is USD / CAD and AUD / USD.
#44 - May 22, 2019, 05:26:29 PM

Jhonsena

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Quote from: sutraa on May 22, 2019, 05:26:29 PM
I will give a little extra in choosing a pair, choose a pair that is slow but consistent in forming trends, he is USD / CAD and AUD / USD.
I agree, the two opposite pairs are almost perfect and have a strong trend character.
#45 - May 22, 2019, 05:47:01 PM
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