Thanks a lot for that , i obviously can only show about 1% of what i do on my blog due to having subscribers and hence cannot offer too much of free content but my 2 cent piece is always out there where i share my broader views... in terms of FX pairs... yes i dont trade a lot of NZD, as i am more of a macro guy and there is jsut not enough information out there in NZD so tend to avoid that.. CNY and CNH... no real point as you need too much capital and have larger positions to make the money count but of course it did ahve a nice move in the last few months ... i trade every USD pair and every cross pair and cross of crosses as well... standard stuff EUR,AUD,JPY,GBP,CHF,CAD vs the USD.. AUDJPY CADJPY EURAUD EURCAD EURGBP EURCHF EURSEK EURNOK AND THEN THE CROSS OF CROSSES TOO AUDCAD AUDNZD NOKSEK keeps me busy haha
yes that is correct... 2020 i was very bearish USD post March 2020... as of the start of 2021.. my bias is USD dip buy again... been selling EURUSD up there at the start of the year but for now i trade more than stale risk... think it is too early to have stale USD longs... BUT i do NOT subscribe to the 2021 USD sell, i feel that is wrong. the Taper tantrum started a lot earlier than we did expect and as much as it got a bit quieter, i feel the taper tantrum will be with us most of the year, especially if we get another 1.9trln of stimulus on top of the 900 bio from Dec, while the FED has only had 1 trln of stimulus in their economic projection.. so FED is done in my view... and if i look at inflation expectations from the FED vs the ECB, i have no doubt where EURUSD will eventually head during 2021.. but as i said.. early 2021 maybe not yet the time to go mental.. but i am a USD dip buyer on balance for trading purpose
it is a good pair for a beginner really as it has some volatility but not too much as the last thing you want is a too volatile pair while you try to get used to FX
agree , beginners should choose the pair which is more appropriate to the concept of trading that will be used , if love doing scalping should choose the pair which has most lowest trading spreads.
I believe most of us traders just love trading the majors. I have barely seen traders trading the exotics. Anyone here?
Go for it.
Will pick the latter one between the two.
I usually trade on GBPUSD, EURJPY, AUDUSD, USDJPY and USDCAD. They have less spread and have good liquidity. If you want me to chose just one pair among these, I may chose GBPUSD.
