Hello fellow traders I am new to the platform

[Romarb1]

what are the best pairs to start trading with? What is the best timeframe to work with?

 

[fawfx]

if you new to forex trading, please do not trade many pairs only focus on one or a maximum of two pairs, best time frame for intraday is 30 mins or 1 hour.

 

[Daantje Pieters]

Some malpractices are over-trading, using high leverage, opening revenge trade on the market etc. Once you understand the market environment, you can recover from the issue.

 

[ealpc]

in my opinion the best pair is cadchf... more plain charts than the others in H1

 

[cclaudiocg]

Before trade any pair, you should focus on study and improve your knowlege... After this, you will be able to indentify the pairs that fit to your trade system by yourself.

 

[khurramali]

try 4 hour timeframe... it will give you good trades and give you enough signals. Daily is best but then you will get trades every 1 month or so. so best is 4 hour chart, less noise.

 

[Fxzombie]

I trade mostly in major pairs and metals, the reason I choose major pairs is because the spread is typically lower and the average daily price movement is quite high, so it is suitable for scalping or intraday trading, whereas in metal commodities because volatility is high, this is quite challenging with profits and commensurate loss.

 

[Fin_Trader]

I think that it is better for a beginner to start his acquaintance with trading using not very volatile trading pairs, such as EURUSD. Also, many brokers have minimal spreads for this pair (for example, my broker has a spread of only 0.1-0.2), which makes it possible to earn even on small price movements. This pair is smoother and more predictable, and due to low volatility, it is possible to set small stop losses.

 

[Jason Libson]

what are the best pairs to start trading with? What is the best timeframe to work with?

The best forex pairs for beginners are typically the major pairs like EUR/USD, GBP/USD, and USD/JPY due to their liquidity and lower spreads. As for the timeframe, starting with a 1-hour or 4-hour chart is ideal. These provide clear trends and manageable volatility for new traders.

 

[Fxzombie]

Indeed, many suggest that beginners should choose the EURUSD pair, or USDJPY, because of the volatility and low spread on these pairs. If we can trade one pair consistently with an average profit that is higher than losses, it is already good for making money from forex trading.

 

[Jonathan Lee]

For beginners, it's best to start with major currency pairs like EUR/USD, GBP/USD, and USD/JPY, as they are more liquid and have lower spreads. As for the timeframe, using a 1-hour or 4-hour chart is ideal for beginners, as it provides a balance between quick insights and more stable trends.

 

[Fxzombie]

Major currency pairs are more recommended for beginners. It is not recommended for beginners to trade exotic pairs because the risk is too high, even experienced traders will think twice about trading exotic pairs such as EURTRY, USDTRY, etc. Exotic pairs are major currency pairs with emerging country currencies.