Newcomers to trading in
Forex begin trading currency pairs usually with high popularity such as: EUR /
USD, and GBP / USD. Although those currency pairs are good, but it is possible
that they are not always are the best pairs to start trading. I am very
impressed by a pair Australian dollar / U.S. dollar, and I find more couples
that can be unpredictable. I choose this pair basing on my experience and
monitoring .Through the use of these social indicators, I
find that I'm not the only one who thinks so.
British Pound and the Euro
are two of the most popular currencies. Forex traders Begins with a lot of
these pairs because they hear about it all the time. So you hear about its all
the time from companies that offer spreads on these pairs. As well as on the
Internet talks always about these couples continuously.
This may be a lot of talk,
and even confusing. Well, there are no other currency pairs, and companies do
not offer the best Spreads on them, though we are not here to achieve
additional points on the spread, but we are here to do a successful trading in
the currency market.
My objective for the five
most currency pairs in anticipation, I classified a pair Australian dollar /
U.S. dollar on the top of the list, the pair EUR / GBP comes after. The reason
was my experience and ongoing closely watching the market. Most currency pairs
in anticipation obey the rules of technical analysis more than others.
Supporting or resistance lines are clear, usually the spot where the currency
to spin around, or if it penetrated the line, it will go more in that
direction, as well as the currency pairs that can be unpredictable to have
fewer false stops.
My monitoring is backed by
social indicators related with currencies. I just was looking at the activity
of the society, which is based on real trades and saw that 91% were successful
on a pair Australian dollar / U.S. dollar through long positions. Such a
victory means that this pair can be expected too, especially when the trading
community with style.
As you can see, EUR / GBP,
optional second, did not do a good job. It also notes that the popular currency
pairs like EUR / USD and GBP / USD has unexpected movements, to say the least.
At the time of capture a screen shot this, no one is reading these pairs
correctly.
With the growth of the
trading community, will be the inclusion of more of the trading operations, and
these social indicators will be of great importance. Currently, the society is
doing a better job with some couples more than others - most currency pairs
predictable.
Hey Everybody,
ReplyDeleteI've attached a list of the highest ranking forex brokers:
1. Best Forex Broker
2. eToro - $50 min. deposit.
Here is a list of money making forex instruments:
1. ForexTrendy - Recommended Probability Software.
2. EA Builder - Custom Strategies Autotrading.
3. Fast FX Profit - Secret Forex Strategy.
Hopefully these lists are benificial to you...
ForexTrendy is an advanced software capable of finding the most reliable continuation chart patterns. It scans through all the charts, on all time frames and analyzes every possible breakout.
ReplyDelete