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My favorite is eurusd, spread is low but volatile period can go as high as 3pips though
same here EUR/USD GBP/USD
They have a correlation coefficient of over +0.90, which means that when EUR/USD goes up, GBP/USD also goes up. A well known sample of two opposite moving currency pairs is EUR/USD and USD/CHF, they have very high coefficient of over -0.90, which means that they move inversely almost 100% of the time!
Do not trade opposite pairs AT THE SAME TIME because You automatically double your risk ratio
over every set stoploss, your slippage, your spread without you punching in any numbers you are already set back betting against yourself.
Nic
Time is the day for you. Pairs in my opinion normal for trading is EUR / USD; GBP / USD; USD / JPY; GBP / JPY; EUR / JPY; But I am going to trade an advisor and will trade even on those times that I do not really like any extra profit would bring
There should no favorite pairs as they all change by time . A pair can be good for a period of time and change later on. My favorite pairs are EURUSD , USDJPY , USDCAD , AUDUSD , EURGBP and EURJPY . Good luck and happy trading .
All pairs are the same to me as long as they move up or down but most of time
I prefer the lower spread to close my trades quickly.
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