Learn About the Currencies You Trade

Re: Learn About the Currencies You Trade

siliwangi

• Newbie
• 
• Posts: 9
• Points: 0
• Likes Received: 0
• Reputation: +0/-0

This discussion is similar to the thread I read earlier, namely the importance of understanding a pair.

#16 - May 23, 2019, 03:02:32 AM

Re: Learn About the Currencies You Trade

aikmel

• Newbie
• 
• Posts: 11
• Points: 0
• Likes Received: 0
• Reputation: +0/-0

right, so far I have focused on GBPUSD and I know the character of GBPUSD

#17 - May 23, 2019, 06:13:40 AM

Re: Learn About the Currencies You Trade

satria

• Newbie
• 
• Posts: 10
• Points: 0
• Likes Received: 0
• Reputation: +0/-0

Quote from: aikmel on May 23, 2019, 06:13:40 AM

right, so far I have focused on GBPUSD and I know the character of GBPUSD

why do you focus on GBPUSD pair, there must be a reason

#18 - May 23, 2019, 06:34:02 AM

Re: Learn About the Currencies You Trade

rabitb41

• Full Member
• 
• Posts: 143
• Points: 197
• Likes Received: 2
• Reputation: +0/-0

The curency that we trade usually becomes our favorite pair, so we have to know the character of each currency and currency pairs in each country so that we can trade well.

#19 - February 03, 2020, 07:11:14 AM

Re: Learn About the Currencies You Trade

G 5oro5

• Full Member
• 
• 
• Posts: 168
• Points: 725
• Likes Received: 3
• Reputation: +1/-0

before we trade in real accounts, it is better if we have to study the characteristics of a country's currency and understand the character of a pair, so we can do an optimal analysis.

#20 - February 03, 2020, 07:52:24 AM

Re: Learn About the Currencies You Trade

Luru Receh

• Jr. Member
• 
• Posts: 79
• Points: 188
• Likes Received: 2
• Reputation: +0/-0

Knowledge about currencies and pairs is also one of the requirements so that we can trade well because it is important to identify the price direction, in addition to the character of the pair will give us information about market sentiment.

#21 - February 03, 2020, 10:01:38 PM

Re: Learn About the Currencies You Trade

Tri Selasih

• Full Member
• 
• Posts: 131
• Points: 174
• Likes Received: 2
• Reputation: +0/-0

Learning trading is not only limited to using technical and fundamental but also must know the character of the market itself, market character is usually displayed in the form of charts arranged by candles and we must choose a suitable pair.

#22 - February 04, 2020, 02:28:11 AM

Re: Learn About the Currencies You Trade

greenbeach

• Full Member
• 
• Posts: 132
• Points: 193
• Likes Received: 2
• Reputation: +0/-1

learning to know information about each currency is a good thing, lest we have a good strategy but we don't know the character of the pair we are going to trade and it reduces our analysis to be less accurate.

#23 - February 04, 2020, 04:23:22 PM

Re: Learn About the Currencies You Trade

Tapakliman

• Jr. Member
• 
• Posts: 71
• Points: 3702
• Likes Received: 1
• Reputation: +0/-0

studying the currency that we are going to trade takes time and seriousness because a currency will be paired with another currency in the form of pairs and we must know the character of the pair to help our analysis.

#24 - February 05, 2020, 04:05:52 PM

Re: Learn About the Currencies You Trade

celly

• Full Member
• 
• Posts: 111
• Points: 191
• Likes Received: 5
• Reputation: +1/-0

before we decide to trade in a particular pair it is expected to know the character of the currency to be traded, even better if you already have trading experience in several pairs or one pair that is very popular, it will be more helpful.

#25 - February 05, 2020, 11:40:52 PM

Re: Learn About the Currencies You Trade

Admirald

• Full Member
• 
• 
• Posts: 234
• Points: 426
• Likes Received: 12
• Reputation: +1/-0

the character of a currency or pair is important enough to do the analysis, so analysis in trading is not only enough with technical indicators, in addition to fundamentals we also need to know the character of the pair and its correlation...

#26 - February 06, 2020, 10:15:08 PM

Re: Learn About the Currencies You Trade

farqueen

• Full Member
• 
• 
• Posts: 180
• Points: 299
• Likes Received: 6
• Reputation: +1/-0

study the currency of a country, especially currencies that are often traded will be quite profitable, especially for fundamental traders because besides the currency is correlated in several pairs, fluctuations in the currency are also very helpful for analysis.

#27 - February 09, 2020, 10:57:49 AM

Re: Learn About the Currencies You Trade

DewaFx

• Sr. Member
• 
• 
• Posts: 251
• Points: 396
• Likes Received: 9
• Reputation: +0/-0

I also like to analyze the pair correlation or find out the strength of the currency index, all of which can be used to analyze the strength of buyers and sellers as well as the tendency towards which prices will move.

#28 - February 09, 2020, 02:49:42 PM

Re: Learn About the Currencies You Trade

Trully Amary

• Full Member
• 
• Posts: 111
• Points: 94
• Likes Received: 3
• Reputation: +0/-0

currencies do have their own characteristics, for example the Japanese yen has a unique character compared to other currencies because the Japanese government's policies are indeed different from the governments of other countries, so studying currencies is very important so that we can trade well.

#29 - February 12, 2020, 01:53:02 AM

Re: Learn About the Currencies You Trade

Cobra Pokerz

• Jr. Member
• 
• Posts: 67
• Points: 195
• Likes Received: 3
• Reputation: +0/-0

We cannot trade currencies carelessly, especially when choosing a pair because every trader, every pair and each currency has their own characteristics and characters that we must match with our trading style or strategy.

#30 - February 12, 2020, 04:49:56 AM