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MT4talk - More Traders 4 Talk → Other Questions and answers. → What's your favorite currency pair for you to trade?
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I'm a good fan regarding EUR/USD in addition to USD/CAD, sometimes my partner and i keep an eye on GBP/USD Equally they tend to help run inside correlation In addition to are quite volatile.
How do people Pick what to trade? Do you have favorites pairs?
I trade Currency pairs based on their "spread costs). I start with the lowest spreads and go up to those that cost more as long as I am comfortable. At some point, the spread just gets too high for trading on under the 1 hour timeframe.
My favorite is eurusd, spread is low but volatile period can go as high as 3pips though
the same i prefer eur/usd, and use CAD with both, and the worst for me is JPY,
my favorite pair is eurusd usdjpy usdcad the gbpusd is too volatile for meand what time to trade is also criteria to select currency pair
usd / jpy is my favorite at this moment.i tend to switch camp from time to time
I trade most EUR/USD because of the quite high volatility in a "foreseeable" range of price.
My favorite pair was eur/chf. But now , no more favorite currency pairs.