Nigeria
2025-02-06 15:12
IndustryPairs to be trade by beginners
#firstdealofthenewyearFateema
For beginners in forex trading, it’s best to start with currency pairs that have high liquidity, low spreads, and stable price movements. Here are the best pairs to trade:
1. Major Pairs (Best for Beginners)
These pairs have the highest trading volume and lower spreads, making them ideal for new traders.
• EUR/USD (Euro / US Dollar) – Most liquid and least volatile pair.
• USD/JPY (US Dollar / Japanese Yen) – Stable movements and high liquidity.
• GBP/USD (British Pound / US Dollar) – Can be volatile but still widely traded.
• USD/CHF (US Dollar / Swiss Franc) – Safe-haven pair with steady movement.
2. Commodity Pairs (Stable & Liquid)
These pairs are linked to commodity exports and are relatively stable:
• AUD/USD (Australian Dollar / US Dollar) – Affected by commodities like gold.
• USD/CAD (US Dollar / Canadian Dollar) – Correlates with oil prices.
• NZD/USD (New Zealand Dollar / US Dollar) – Linked to agriculturalA valid market structure shift occurs when the price action of a financial asset transitions from one phase to another, indicating a significant change in market behavior. These shifts are essential for traders and investors as they signal new trends, potential trade opportunities, or a shift in market sentiment.
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Pairs to be trade by beginners
Nigeria | 2025-02-06 15:12
#firstdealofthenewyearFateema
For beginners in forex trading, it’s best to start with currency pairs that have high liquidity, low spreads, and stable price movements. Here are the best pairs to trade:
1. Major Pairs (Best for Beginners)
These pairs have the highest trading volume and lower spreads, making them ideal for new traders.
• EUR/USD (Euro / US Dollar) – Most liquid and least volatile pair.
• USD/JPY (US Dollar / Japanese Yen) – Stable movements and high liquidity.
• GBP/USD (British Pound / US Dollar) – Can be volatile but still widely traded.
• USD/CHF (US Dollar / Swiss Franc) – Safe-haven pair with steady movement.
2. Commodity Pairs (Stable & Liquid)
These pairs are linked to commodity exports and are relatively stable:
• AUD/USD (Australian Dollar / US Dollar) – Affected by commodities like gold.
• USD/CAD (US Dollar / Canadian Dollar) – Correlates with oil prices.
• NZD/USD (New Zealand Dollar / US Dollar) – Linked to agriculturalA valid market structure shift occurs when the price action of a financial asset transitions from one phase to another, indicating a significant change in market behavior. These shifts are essential for traders and investors as they signal new trends, potential trade opportunities, or a shift in market sentiment.
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