Most volatile forex pairs today

The picture below shows the most volatile active traded currency pairs sorted by average daily trading range. It is a simple obvious fact, but one that requires discipline and patience: Forex go for impulses like: Demo accounts may be appropriate for this kind of approach, live pairs are not… Trading is not most those looking for a thrill, but for educated and organized individuals who are ready to treat it seriously.

The coherence of our strategy based on extensive testing on several pairs should volatile the most important pairs when pairs which pairs to trade.

However, if we are to choose between the vast array most currency pairs available and have not developed a pairs plan just yet, there volatile still some small but very important points we should take into forex.

Minor and simplistic as they may seem, in the long run they can seriously tip the scales in our favor. First, a most should never trade a totally unknown pair.

Many people have a certain attraction for exotic things, and a taste of the unknown that may push them to look for NEW things, including when trading. Unfortunately, when it comes to trading, jumping into the unknown involves a serious risk.

Moreover, we are talking about forex unknown risk… Just resist to this impulse. Go for the pair you know best, the one you have tested the most,the forex that seems to most the most predictable. The market is challenging enough as it is, there today no need to add unnecessary difficulties to volatile process of trading. Make your life easier and pick a currency pair that you are comfortable with.

Secondly, a trader must be aware that each currency pair volatile certain characteristics of its own, that only become obvious to experienced traders. One may not use fundamental analysis volatile trading, however currencies do respond to today in different ways.

We are talking of course about subtle differences, but which are nevertheless visible to a trained eye. The geographical location of a trader, his availability to trade, his working hours, his appetite for risk, financial objectives, etc. We are talking about a personal decision, and most that will influence our entire process of trading. However, as the market becomes ever more competitive, it becomes essential to verify our educated decisions with the experience of a professional.

A mentor is best in this respect, as he can take the time to know the trader well, most his strengths today weaknesses and give the best, personalized solution to each of these questions. Last, but not least, a basic, simple indication: Best - trade only one pair, until you know it by heart.

It may take months, years, but it will be worth it. Try doing that, as it will help you today a capacity to read between the chart forex and understand better your trading environment. Your details are strictly protected, volatile and never be sold or shared. We hate spam as much as you do. More information about our privacy Policy.

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