Question -

Best profitable trading pairs?

5 Views
Vernon Petty
Answered 2 years, 12 months ago
<p id="isPasted">The Euro/US Dollar pair is considered to be the most profitable currency pair in FX for the following reasons:</p><p>The European economy is the second largest in the world, whereas the US is the largest.&nbsp;</p><p><strong>Low Spreads and Commissions:</strong> The spread is the difference between the bid and ask price. EUR/USD liquidity leads to lower spreads and commissions as a result of the negligible bid-ask prices.</p><p><strong>Sufficient Volatility:</strong> All traders require a level of volatility to make profits. Extremely high volatility can lead to unpredictable price movements and offer the possibility of making large profits in a short time.</p>
4 Views
Kenneth Scott
Answered 2 years, 10 months ago
<p id="isPasted">Currency pairs involve two currencies, where one is a quotation of the other. An exchange rate is a comparison between two currencies. As a rule of thumb, the first currency is called the base currency and the second one is called the quote currency. Consider EUR/USD, for example. EUR is the base currency, and USD is the quote currency.</p><p>If the EUR/USD quote is 1.13, then 1 EUR can be exchanged for 1.13 USD. Every currency has a different rate. They are constantly changing. The EUR can appreciate while the USD depreciates or vice versa.</p>
3 Views
Derrick Zastrow
Answered 2 years, 8 months ago
<p>It is not appropriate for me to recommend specific trading pairs as the profitability of a particular pair can vary significantly over time and is dependent on a variety of factors, including market conditions, the liquidity of the pair, and your own trading strategy and risk tolerance.</p><p>In general, the most actively traded and liquid pairs, such as those involving major currencies like the US Dollar, Euro, and Japanese Yen, tend to have tight spreads and are generally considered to be more liquid and less risky than pairs involving less common or more exotic currencies. However, these pairs may also …</p>
2 Views
Thomas Lamar
Answered 2 years, 7 months ago
<p>There is no definitive answer to what the "best" profitable trading pairs are, as the profitability of a trading pair can depend on a variety of factors, including market conditions, trading volume, and the specific strategies being used by traders. Some traders may prefer to trade popular pairs such as the EUR/USD or the GBP/USD, while others may look for less-common opportunities in emerging markets or smaller currencies. Ultimately, the key to finding profitable trading pairs is to conduct thorough research and analysis of the markets you are interested in and to stay up-to-date with news and developments that may …</p>
1 View
Charles Farley
Answered 1 year, 9 months ago
<p id="isPasted">The best profitable trading pairs are the ones that are liquid, volatile, and have a predictable price movement. Liquid pairs are those that have a high volume of trading, which means that it is easy to enter and exit trades. Volatile pairs are those that have large price movements, which means that there is a lot of potential for profit. Pairs with predictable price movements are those that are easy to analyze and trade.</p><p>Some of the most popular and profitable trading pairs include:</p><ul style="margin-bottom:0cm;" type="disc"><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:&quot;Calibri&quot;,sans-serif;color:#1F1F1F;background:white;">EUR/USD</li><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:&quot;Calibri&quot;,sans-serif;color:#1F1F1F;background:white;">USD/JPY</li><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:&quot;Calibri&quot;,sans-serif;color:#1F1F1F;background:white;">GBP/USD</li><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:&quot;Calibri&quot;,sans-serif;color:#1F1F1F;background:white;">USD/CHF</li><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:&quot;Calibri&quot;,sans-serif;color:#1F1F1F;background:white;">AUD/USD</li><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:&quot;Calibri&quot;,sans-serif;color:#1F1F1F;background:white;">USD/CAD</li><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:&quot;Calibri&quot;,sans-serif;color:#1F1F1F;background:white;">EUR/GBP</li><li style="margin-top:0cm;margin-right:0cm;margin-bottom: 7.5pt;margin-left:0cm;line-height:normal;font-size:15px;font-family:&quot;Calibri&quot;,sans-serif;color:#1F1F1F;background:white;">USD/CNY</li></ul><p>These pairs are popular because they are liquid, …</p>