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Author Topic: Choosing the right currency pair matters  (Read 116 times)

YpugsezOw

  • Guest
on: April 25, 2023, 09:24:08 AM
Choosing the right currency pair matters

Decide if you are comfortable with the level of volatility in the forex market. Do you want to try to win in the short term or do you prefer to look for a gradual profit accumulated over time? If you are looking for short-term gains, then you are likely to be looking at quite active markets, with a fairly high daily range compared to the price spread. A tight bid/offer spread also equates to a reasonable amount of liquidity, which is a positive if things are going against you, as such fast-moving markets offer more opportunities to close out a position.

You should explore a set of tools that includes major currency pairs such as EUR/USD, GBP/USD and EUR/GBP.



 

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