Hey there. I would like to now if there are some traders in here that only trade ( day trade to be specific) only one single currency. I would like to here opinions about that. I think this would be interesting for new traders... In my case I day trade GBP/USD
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The main factors to consider when choosing the best currency to trade include volatility, spread, trading strategy and the level of difficulty of forecasting the forex market. There is a huge list of currency pairs available for trading in the forex market. If you look out your forex broker market watch window. you can see a list of currency pairs. At FOREX.com you can trade from over 50 currency pairs including majors, minors and exotic pairs. Find out more about trading fx pairs Visit our currency pair pages for more information on underlying influencers, spreads, charts, research and more - or open a Demo account to see for yourself firsthand. Currency pairs of the major economies. Major currency pairs are based on a list of popular currencies that are paired with the USD. The basket of major currencies consists of 7 pairs only. These currency pairs account for most of the turnover of Forex market. For instance, EURUSD pair alone accounts for about 30% of the trading volume. Learn about the major currency pairs in the forex market and how to start trading them. View the top currency pairs list and live forex pair prices. The difference between success and failure in Forex trading is very likely to depend mostly upon which currency pairs you choose to trade each week and in which direction, and not on the exact trading methods you might use to determine trade entries and exits.
Forex Analysis Using Parallel and Inverse Pairs - YouTube
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