How to trade in forex market

[shamoon633206]

How to trade in forex market
Now that you know how to trade in the Forex market, the next thing you need to know is what to trade. The Forex market involved different currencies from all over the world. It is also traded in forms of currency pairs. Here are the different currency pairs that you should consider trading in the Forex market:

• EUR/USD
• USD/JPY
• GBP/USD
• USD/CHF
• AUD/USD
• USD/CAD
• NZD/USD
• EUR/GBP
• EUR/JPY
• GBP/JPY
• CHF/JPY
• GBP/CHF
• EUR/AUD

These are the most commonly traded currency pairs in the Forex market. It is up to you to determine which currency pair you want to trade depending on market conditions. If you do it right, you can be sure that you can earn a substantial amount of income.

 

[boniez]

It certainly is not as easy as, well pair is one very important thing, which supposing that such a place for us to generate profit and the pair also distinguishes between shares trading and forex trading

 

[kasual]

choose a pair is one of important part in trading. every pair have different movement form and to study a pair maybe will consume a lot of time. so a trader should not jump to another pair when they still not understand the habit of previous pair.

 

[Tirus]

It is of utmost importance that one chooses a pair that they can have easy access to the history and analysis so that they can be able to determine a pattern as it will make it much easier to trade with that pair. It would be advisable to look at the currency movements for that pair and choose based on the daily range of pips.

 

[thebest]

every pair have different movement form and to study a
pair maybe will consume a lot of time.
so that they can be able to determine a pattern as

 

[rexway]

Its true that every pair has their level of movement on dailly basis yes that is true and they also have time which we suppose to trade and get the very best out of the market.
Forex is not that easy so we need to do and try our possible best just to get the best out of the market.
Forex need nothing more than analysis ,forcast and prediction.

 

[Taha Nizam]

It certainly is not as simple as, well couple is one very essential thing, which assuming that such a position for us to produce benefit and the couple also differentiates between stocks dealing and currency dealing

 

[Fighters93]

choose a pair is one of important part in trading. every pair have different movement form and to study a pair maybe will consume a lot of time.

 

[PROPENSITY100]

A demo trading provides a good platform to gain working knowledge in Forex Business.Every trader should first practice on a demo account before starting real trading.

I usually prefer currency pair which have low spreads like eurusd and gbpusd. These pairs also contribute to a large portion of the turnover in Forex trading in the world.

 

[kasual]

mostly traders usually choose major pair since those pair offering high volatility. the widespread is low also and it make traders able to set proper money management plan even though have small amount only in their account. if choose to trade with exotic pair, traders will meet with low volatile environment and the spread is also very high.

 

[riddick09]

Correct. High volatility in the market is the factor that traders will going to find in order to have their trading strategy work and that we will have our target pips achieved for either scalping and long term trading that is very common in traders. While exotic pairs is not for scalping and yes, with highest spread and even variable spread.

 

[mohsin01]

A trader should not jump to another pair when they still not understand the habit of previous pair. Its true that every pair has their level of movement on daily basis yes that is true and they also have time which we suppose to trade and get the very best out of the market.A demo trading provides a good platform to gain working knowledge in Forex Business.

 

[Nazmul01]

Well this is very good question But this is very critical question for me.I think firstly you open a demo account and learn Forex then start you live tread.

 

[rizal83]

Forex trade is not just a business that involves buying and selling currencies because we will also need a lot of other things to be able to generate profits from forex trading and lots of things we have to prepare to trade forex properly

 

[Markllee30]

Yes, you are right. In forex currency pairs play main role. All above currency, pairs are good but I have found many trader using EUR/USD because they know these pair always return good returns. If you chose right currency pairs during trading definitely it’s also profitable.

 

[eddiej]

As I scalper, I trade with all of those pairs (but not all of them at once, of course) And they do differ in movement albeit, not that much. It will take time and a lot of experience to be confident enough to take on those many pairs and still make a profit.

 

[riddick09]

You mean even the exotic pairs you are trading. I guess you should have at least knowledge on those pairs because, generally you will not easily learn their market and how you can take advantage by using scalping strategy. This will be difficult to assess as you need to experience most of the pairs as you have said.

 

[Daisy]

Yes, you can make some great profit in forex. If you have a great knowledge and skills and are determine and have a good strategies then you will make money in forex. Forex is when you buy low and sell high or buy high and sell higher. You make profits and that is what all traders hope to do. you can make more profit in longer term trades since the increase is much higher by days than short term scalping. You must have your own working strategy.

 

[Decub]

The trader can always start with the Demo account. That is the place that gives you a feel of how to trade in Forex. Once you have that fair knowledge on trading with that virtual currency, there is some increased knowledge of what Forex is all about and you can comfortably trade yourself.

 

[tray]

Demo account is always the right place which the trader need to start if you dont have demo account download one from the broker which you chose to trade with and this will give you the desire amount of income which you really need forex is a risky business but we need to try and work hard just to get that level of knowledge here and be able to trade without headech