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volatility, high spread and risks. Of course, not all of these popular cross-currency pairs should be used in trading. Dollar (the nicknames of the majors are in parenthesis). Good ones to cut your trading teeth on include: eurusd usdjpy gbpusd audusd See all those currencies on your platform like the South African Rand, Russian Rouble and the Brazilian Real? Lets kick off with currency pairs for beginners. For example, a clear technical level on a chart (support or resistance) seems much more likely to get tested and temporarily broken now, than perhaps a few decades ago. Apart from them, there is a large number of other popular currencies. If you are trading at night (during the Asian session) you should try to stick to the pairs that are liquid at that time of day. This is because JPY is often seen as a doorway to the east.
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If you would like a selection of pairs that you cant go too wrong with, you can check out the infographic on this page. Put the odds in your favor) The exotics can also be much more volatile and thus less reliable than the majors and crosses, due to the thin liquidity in the exotic pairs they can move quite quickly and jump around or slip much more often. The pair pound/dollar is a convenient tool for rss seminario forex foros professional traders who prefer aggressive short-term strategy. If you are not in a position to take any risk, you can think of selecting this as your best Forex pair to trade, without it causing you too much doubt in your mind. Availability of liquid derivatives on EUR/USD. Special Note: Until August 31st, Save 35 Off. Exotic pairs (Exotics),.e. You can find more information about our Elite Package here.