Printable View
In the forex market; we are basically trying to make profit from the exchange of currencies. And here currency pair decisions is very important. It is good to work with a broker that offers opportunities to trade with various currency pairs so that a trader can design versatile portfolios of currencies to minimize risk of losing money. I prefer to trade with various major pairs and I am receiving low and fixed 1 pip spread on major pairs from my broker AAFX.
Among all types of currency pairs major currency pairs are good. 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. I am trading with MaximusFx broker that has 200+ trading instruments. You can choose your best from here.
There are millions of Forex traders around the world among them some are scalpers, some are long time traders, some are hedgers and some are EA traders. From the very early age I have been trading with scalping strategy. As a scalper I prefer trading gold. Trade12 offers me flexible high leverage up to 1:400, narrow trading spread, flexible margin level which allows me take high trading profit.
Trade in such currency pairs that are less volatility-prone. But trade with a regulated broker. A reliable broker serves traders with the best trading service. Brokers are classified into three categories including ECN, STP and Market maker. While selecting a broker, ECN brokers should be out top priority. Eurotrader is a regulated ECN broker.
Forex trading involves very high risks, and as a trader who has already ventured into forex, it is important to take trading seriously and to understand and study it. This is done so that in the future, we can be prepared and ready to maximize forex trading with Tickmill broker.
Those who are not scalper can choose Eur/Usd pair as this is the topnotch stable pair in the market and for that trader can choose FreshForex broker cause they are not taking any fees for this currency pair.
Currently, I am still engaged in long-term trading as it allows me to enjoy the trading process more. Moreover, being a part of Tickmill provides additional benefits, such as access to educational resources that help me expand my insights and knowledge about the forex market. This combination of long-term trading and utilizing Tickmill's educational materials enhances my trading experience.
The forex business is a big business with existing risks, we are obliged to always be there where learning is carried out so that we understand how to carry out trading on a real account. As long as we want to try to keep learning, it will allow us to trade with maximum results obtained
All traders are aware that forex trading indeed carries a very high level of risk. Therefore, it's advisable for traders to study its workings thoroughly, develop risk management strategies, so that later the risks can be well-managed while conducting their trading with Tickmill broker.