Forex Zone - Forex Forum
  1. Forex Zone - Forex Forum
  2. General Category
  3. General Forex Discussion
  4. Which is the best Forex pair for beginners?

Which is the best Forex pair for beginners?

Discussion started on General Forex Discussion

Print
Pages: [1] 2 3 ... 27   Go Down

zanurreload

  • Hero Member
  • Posts: 9575
  • Points: 59
  • Likes Received: 728
  • Reputation: +10/-20
Actually, there are no standard rules regarding forex pairs for beginners. Selection of this pair depends on the strategy and characteristics of each trader itself. Therefore, choosing a forex pair for suitable beginners must be based on personal observation.

The usual forex pair recommendations for beginners are EUR / USD and USD / JPY for major pairs, and EUR / GBP for pair cross. But according to Forextraderportal.com, other major pairs such as USD / CAD, AUD / USD, NZD / USD, and USD / CHF can also be used by beginners. The pair tends to be easier to analyze, because it can show a more predictable trend, and its characteristics do not save too many surprises.

Conversely, there are pairs that are not recommended for beginners, namely EUR / JPY, GBP / JPY, EUR / AUD, GBP / AUD, GBP / NZD, GBP / CHF, and USD / RUB. The pairs have wide spreads with high volatility and low liquidity. The movement in EUR / AUD for example, can reach 200-400 points and the price can fluctuate significantly. Plus, the trend can last a long time, even though the spread is bigger. Beginners who do not yet have the power of a qualified fund can quickly stop Stop Loss.


Linkback: https://www.forex.zone/general-forex-discussion/1/which-is-the-best-forex-pair-for-beginners/1141/
#1 - February 09, 2019, 11:05:24 PM

jonforex

  • Jr. Member
  • Posts: 81
  • Points: 1000
  • Likes Received: 29
  • Reputation: +0/-0
Quote from: zanurreload on February 09, 2019, 11:05:24 PM
Actually, there are no standard rules regarding forex pairs for beginners. Selection of this pair depends on the strategy and characteristics of each trader itself. Therefore, choosing a forex pair for suitable beginners must be based on personal observation.

The usual forex pair recommendations for beginners are EUR / USD and USD / JPY for major pairs, and EUR / GBP for pair cross. But according to Forextraderportal.com, other major pairs such as USD / CAD, AUD / USD, NZD / USD, and USD / CHF can also be used by beginners. The pair tends to be easier to analyze, because it can show a more predictable trend, and its characteristics do not save too many surprises.

Conversely, there are pairs that are not recommended for beginners, namely EUR / JPY, GBP / JPY, EUR / AUD, GBP / AUD, GBP / NZD, GBP / CHF, and USD / RUB. The pairs have wide spreads with high volatility and low liquidity. The movement in EUR / AUD for example, can reach 200-400 points and the price can fluctuate significantly. Plus, the trend can last a long time, even though the spread is bigger. Beginners who do not yet have the power of a qualified fund can quickly stop Stop Loss.
Good morning .... for forex trading is indeed a different trader, different in choosing the currency. And for me it's more focused on gbpusd and eurusd. With us already able to understand the character, we are increasingly helped in trading easier to get profits.
#2 - February 09, 2019, 11:15:38 PM

zanurreload

  • Hero Member
  • Posts: 9575
  • Points: 59
  • Likes Received: 728
  • Reputation: +10/-20
Quote from: jonforex on February 09, 2019, 11:15:38 PM
Good morning .... for forex trading is indeed a different trader, different in choosing the currency. And for me it's more focused on gbpusd and eurusd. With us already able to understand the character, we are increasingly helped in trading easier to get profits.
Yeah right ... it should be better if we focus on several currencies so that we are more familiar with the character. For beginners, he usually trades more on EURUSD and GBPUSD. But that does not mean that the other currency pairs are not good enough, this is back to the same as each one.
#3 - February 09, 2019, 11:23:14 PM

jonforex

  • Jr. Member
  • Posts: 81
  • Points: 1000
  • Likes Received: 29
  • Reputation: +0/-0
Quote from: zanurreload on February 09, 2019, 11:23:14 PM
Yeah right ... it should be better if we focus on several currencies so that we are more familiar with the character. For beginners, he usually trades more on EURUSD and GBPUSD. But that does not mean that the other currency pairs are not good enough, this is back to the same as each one.
Good morning ... to limit the risk of loss we should indeed focus on one or two currencies, if we trade in several currencies if the analysis is wrong, it will make our capital closer to the margin call or stop out.
#4 - February 09, 2019, 11:26:48 PM

zanurreload

  • Hero Member
  • Posts: 9575
  • Points: 59
  • Likes Received: 728
  • Reputation: +10/-20
Quote from: jonforex on February 09, 2019, 11:26:48 PM
Good morning ... to limit the risk of loss we should indeed focus on one or two currencies, if we trade in several currencies if the analysis is wrong, it will make our capital closer to the margin call or stop out.
Actually this is not entirely true, depending on the style of each trader. For me personally because I use Super And demand, I will look for a currency that has a fresh supply and demand zone. And it can exist in various currencies.
#5 - February 09, 2019, 11:32:18 PM

Tahajud

  • Hero Member
  • Posts: 1254
  • Points: 102
  • Likes Received: 175
  • Reputation: +70/-0

If I like trading the major pair, and my favorite pair is EUR / USD, GBP / USD and USD / JPY. these three pairs are my favorite because the daily range is quite decent, not too big and not too small, so it's natural to use daily profit, and rarely any movement that is out of control, unless there is big news
#6 - February 10, 2019, 12:35:47 AM

Malik

  • Full Member
  • Posts: 234
  • Points: -10
  • Likes Received: 15
  • Reputation: +1/-0
Quote from: zanurreload on February 09, 2019, 11:05:24 PM
Actually, there are no standard rules regarding forex pairs for beginners. Selection of this pair depends on the strategy and characteristics of each trader itself. Therefore, choosing a forex pair for suitable beginners must be based on personal observation.

The usual forex pair recommendations for beginners are EUR / USD and USD / JPY for major pairs, and EUR / GBP for pair cross. But according to Forextraderportal.com, other major pairs such as USD / CAD, AUD / USD, NZD / USD, and USD / CHF can also be used by beginners. The pair tends to be easier to analyze, because it can show a more predictable trend, and its characteristics do not save too many surprises.

Conversely, there are pairs that are not recommended for beginners, namely EUR / JPY, GBP / JPY, EUR / AUD, GBP / AUD, GBP / NZD, GBP / CHF, and USD / RUB. The pairs have wide spreads with high volatility and low liquidity. The movement in EUR / AUD for example, can reach 200-400 points and the price can fluctuate significantly. Plus, the trend can last a long time, even though the spread is bigger. Beginners who do not yet have the power of a qualified fund can quickly stop Stop Loss.
but for me as i prefer i prefer more on major pair, because it has the more on volatility and i like it. 
#7 - February 10, 2019, 12:40:22 AM

Cuh

  • Newbie
  • Posts: 11
  • Points: 0
  • Likes Received: 1
  • Reputation: +0/-0
pairs that are suitable for beginners are eurusd and gbpusd.
#8 - August 09, 2019, 03:30:21 AM

hazar

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 1
  • Reputation: +0/-0
the most suitable pair for beginners is slow pairs like EUR / USD or USD / JPY.
#9 - August 09, 2019, 11:27:11 AM

lungset

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
my advice for beginners is to use a docile pair.
#10 - August 10, 2019, 12:45:49 AM

widuri

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
just use the EU pair because it's very suitable for beginners.
#11 - August 10, 2019, 02:06:56 AM

lingsir wengi

  • Newbie
  • Posts: 12
  • Points: 0
  • Likes Received: 1
  • Reputation: +0/-0
for beginners you should choose a friendly pair first.
#12 - August 10, 2019, 02:17:27 AM

Okei

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 2
  • Reputation: +0/-0

pair that is suitable for beginners in my opinion has a low spread swrta daily range of motion that is not so wide



#13 - August 10, 2019, 06:28:28 AM

Enoy

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

appropriate pair for novice traders in my opinion short spread pairs such as Eurusd, UsdJpy, UsdCad



#14 - August 10, 2019, 06:40:02 AM

PFx

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
the most suitable pair for beginners in my opinion is a slow pair like EU or UJ.
#15 - August 10, 2019, 08:53:02 AM
Print
Pages: [1] 2 3 ... 27   Go Up
  1. Forex Zone - Forex Forum
  2. General Category
  3. General Forex Discussion
  4. Which is the best Forex pair for beginners?

Members:

0 Members and 1 Guest are viewing this topic.


Which is the best Forex pair for beginners? in General Forex Discussion_collapse Refresh Activity Stream (It's automatically updated) Open Activity Stream in Popup Activity: