Forex Best Pairs To Trade. The forex market (currencies) is designed in pairs, a good understanding of how these pairs work will give you a smarter way to trade the market, that being said, currency pairs can be related in their movement. However, too much of it may be risky.
This is why many traders prefer to trade major currency pairs (EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, GBP/JPY, and USD/CAD). This trading style cum technique is the right option for those who do full-time jobs. The Australian economy is tightly knit with its commodity exports.
Now, the pairs that I recommend you include in your watch list are the following: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY, EUR/JPY, GBP/JPY, AUD/JPY, XAGUSD, and XAUUSD.
The forex market (currencies) is designed in pairs, a good understanding of how these pairs work will give you a smarter way to trade the market, that being said, currency pairs can be related in their movement.
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It is
predictable mainly with clear support and resistance zones. That way you will have more chances to trade volatile pairs. For example, if you are a trend trader.