Forex pair recommendations?

[Sheriff13]

I'm looking to only study 3 currency pairs max, in your opinion what is the best currency pairs and which ones should I avoid? Any advice is greatly appreciated.

 

[Willyfish]

majors, the 8.. I never traded the others, too volatile and the spread is a scam.

 

[Sheriff13]

majors, the 8.. I never traded the others, too volatile and the spread is a scam.

You say 8 pairs? I see these are the 4 Major pairs EUR/USD, USD/JPY, GBP/USD, USD/CHF

 

[EdwardF]

70% of the leveraged traders lose money. Just invest in mutual funds or exchange-traded funds, there is no get quick rich.
If you are going to yolo it anyway I suggest going balls deep on some random crypto, its better than forex

 

[bartosimpsonio]

Well as far as I know only BTC has any actual dollars in it.

So ..... pairs =

BTC x anything

 

[Sheriff13]

70% of the leveraged traders lose money. Just invest in mutual funds or exchange-traded funds, there is no get quick rich.
If you are going to yolo it anyway I suggest going balls deep on some random crypto, its better than forex

I'm going to stick with Forex and learn my craft properly.

 

[Sheriff13]

Well as far as I know only BTC has any actual dollars in it.

So ..... pairs =

BTC x anything

Does this relate to FX? I thought BTC is to do with crypto no?

 

[bartosimpsonio]

Does this relate to FX? I thought BTC is to do with crypto no?

Well this is the crypto section of the forum

 

[Willyfish]

Yes I am out of the forex game for 2 years so I said something wrong haha

it was 7 according to me when I traded it back then



It's 4 or 7 according to who you ask

 

[Sheriff13]

Well this is the crypto section of the forum

I don't see any other section to post this?

 

[Sheriff13]

Yes I am out of the forex game for 2 years so I said something wrong haha

it was 7 according to me when I traded it back then

View attachment 168537

It's 4 or 7 according to who you ask

Perfect just what I am looking for do you have a favourite pair? or more than one? Also why did you stop trading FX?

 

[bartosimpsonio]

I don't see any other section to post this?

Lounge maybe?

 

[The Curator]

$XAU/USD

 

[Willyfish]

Perfect just what I am looking for do you have a favourite pair? or more than one? Also why did you stop trading FX?

EUR/USD, it was the most reliable, but I was looking for setups on all these 7 pairs, less volatile surprise with the majors

I stopped because I personally doubt that you can win as a small trader against the banks and hedge funds etc... I will not say that it is a scam, but it seems highly unlikely for me that a retail trader can win with consistency. Maybe I am wrong, people who are successful will not scream it everywhere.

 

[Malcom2x]

Actually, you can, when you take don’t over trade. 2-3 trades(wins) per day.