Hi, I was a swing trader before. Just curios to those who scalp. What is the best pair that you use? EURUSD? GU? And what time?
how long is a piece of string ? :32:
the nature of the relationship between 2 currencies is heavily dependent on many things ......Timeframe traded , timezone and naturally the news events , economic conditions in play at that time
not to mention things like the spread of course and you do have a very very complex mix of dynamics in play !
If we are discussing the G8 then heres my take
Currency 1 - would suggest the
USD ........solid , anchor currency , easily tradable all platforms , lowest spread for all pairs , carry trade pattern generally
then you have a tougher choice and it will mainly be dependent on your preference for risk vs return vs volatility , ATR etc etc ...and again timeframe is a huge factor ........
higher volatility pairings - GBP,Yen,CAD ,NZD
lower volatility pairings - EUR,AUD,CHF
hope this helps buddy .............just my thoughts
N