What are the best forex pairs to trade for beginners

[chris12300]

major pais and xau are best , because of volatility and liquidity. the less spread is , the best it is

 

[cjsabu]

Hi guys, in your experience what do you think are the best forex pairs to trade for beginners?

Hi,

• EUR/USD. ..
• GBP/USD. ..
• USD/JPY. ..
• and XAU/USD

 

[pawned]

I'd say any JPY pair or USD pair. They are liquidable, and dont have crazy random spikes besides news. My fav pairs are GBPJPY, GBPUSD and EURJPY, EURUSD. They move well during London and US sessions

 

[DenzilJude]

Major pairs are mostly the best forex pairs to start off for beginners since their volatility is lower and liquidity is higher with tighter spreads.

And using a suitable broker that provides good trading conditions can be an advantage. For example, my broker, FP Markets, provides stable spreads even when the market conditions are volatile.

 

[Keeper609]

You can start with XAU/USD the fluctuation remains under control and with the history of the previous years you can have a good idea of these movements.

 

[zither]

for me, its ustec and btcusd. i can trade with small money cause they have little margin.

 

[Dune_78]

The EURUSD is the best pair for beginners to start off with since it has tight spreads and wide price movements that provide a large number of profitable opportunities.

 

[victalgo]

EURUSD is good enough, with high volume and low spreads.

 

[dark005]

I think it's best to trade forex pairs for beginners.

 

[Alexhunter]

In my opinion, the suitable forex pairs for beginners should be major pairs such as EURUSD or GBPUSD since their liquidity is lower with heavy volumes.

 

[Quibble]

Beginners should concentrate on the major pairs. There is a lot of news and analytical information about these pairs available online, and they are relatively simple to trade for beginners. My favourite pairs are GBP/JPY and EUR/USD.

 

[Contraband]

Beginners should opt for major pairs as they are more liquid and stable than the cross pairs and exotics. A currency pair that varies rather reliably but isn't overly volatile is what you're looking for. You should choose EUR/USD, in my opinion. The pair has moderate volatility and good liquidity. When trading EUR/USD, you won't experience as many significant price fluctuations as with other currency pairings. You can also try the USD/JPY, GBP/USD, USD/CAD, and AUD/USD currency pairs.

 

[onomatopoeia]

If you've never traded forex before, but aim to get started with forex trading, then the best forex pairs you can try trading are EUR/USD, GBP/USD and USD/JPY. These pairs have the lowest spread and high liquidity.

 

[pakherol]

eurusd is a must! or any that with lower spread

 

[Macromania]

These are few of the best currency pair to trade for a beginner-

EUR/USD
USD/JPY
USD/CAD
EUR/GBP
GBP/USD

 

[Monopial]

Any significant pair including USD has a lot of liquidity and is quite popular. So, major pairs are the finest currency pairs to trade for beginners as they are more stable. You should experiment with different pairs to find which pair works best for you. Because of their liquidity and consistency, the majors are a good fit but it doesn't mean they'll always be more profitable than the others.

 

[Ry@n]

In the forex market, currency pairs are major, cross, and exotic pairs. Among them, exotic pairs are the most volatile.

While major pairs are highly liquid, trading in currency pairs that are associated with the USD is profitable to trade, like EURUSD, JPYUSD, and GBPUSD.

 

[Seminule]

There is no definitive answer to this question, as different forex pairs may be better suited for different types of traders. However, some forex pairs are generally considered to be more beginner-friendly than others. For example, the EUR/USD and USD/JPY pairs are both relatively stable and liquid, making them good choices for beginners. The GBP/USD pair is also a popular choice, as it offers a good mix of volatility and liquidity. Ultimately, the best forex pair to trade for beginners will depend on the individual trader's goals and preferences.

 

[NadalEs]

As far as I remember, EUR/USD seems to be the most traded currency pair in the world, taking about 30% of the total multi-billion dollar Forex turnover.

And it is not surprising, since the economies of the US and the European Union are the largest ones.

 

[Guerillapip]

EUR USD is a popular one. Popular means easier to trade.