Thank you friend. you really helped me.
Please take a look around, and feel free to .
LeeMark, I think that you should be careful with your current success on Gold and Silver market. Keep on mind that there is correlation between USD and value of Oil and Gold. US currently have many political issues, this is why Gold is going up. Is it also going to be case in the future?
I personally like both EURUSD and GBPUSD. Actually I only trade these two pairs. I do not like to trade many pairs. But between EURUSD and GBPUSD I like GBPUSD the more. It is a wise idea to select one or two pairs for trading. It gives you space to learn all the trading patterns of that single pair.
All Forex pairs have their own opportunities. You want clean and good entry you stick with EURUSD, USDJPY. You want high volatility and fast moves, you stick with GBPJPY, GBPUSD. You want scalping swing trades, you stick with EURGBP, EURCHF. I think choosing pairs is based on trading strategies. Not to forget that not all pairs have small spreads, which makes some of them almost not usable for many traders.
Currencies are traded in pairs as their value is relative to one another. The first currency shown is the controlling one in terms of placing your order. So, if you see EUR/USD then you are always choosing to buy or sell the first currency (Euro) against the second currency (U.S. Dollar). Beginners and professionals widely trade MAJORS alike. This is because they have the most liquidity, lowest spreads, and the broadest range of movements. Unlike small currencies, majors are generally more stable. The economic and political institutions of these nations are generally long established and predictable compared to other nations.