2009 August | All About Money Online – Part 2

There probably is no “best” currency pair to trade in Forex. The EUR/USD, USD/CHF. GBP/USD and USD/JPY are known as the 4 major and are the most active and most liquid of all currency pairs. The choice of currency pairs to trade is more dependent on the strategy that you employ, your tolerance for risk and your investment objectives. Another element to consider is your trading timeframe. A daytrader would tend to have a short timeframe and as such is looking for volatility and movement of a currency pair in order to capture short term profits. Some directional or trend traders take a much longer perspective and look for a slow consistent movement over an extended period. The downtrend of the USD/CAD over the past 7 months might be a good example of that. Another group of traders may look to mitigate risk by deploying a hedge trading strategy in which they look for two closely correlated currency pairs that may move in a somewhat consistent relationship with each other. A hedge trader may be looking to generate a daily interest from their position or looking to take advantage of individual oscillations of the respective pairs. In this case maybe a EUR/USD and USD/CHF may be an example of such a position. So, in essence, there is really no “best” currency until you have decided on your “best” strategy. In the mean time may all your guesses be good ones.

Paul

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Anyone Have A Program Trading System To Easy Read Chart In Forex ?

Hi Orienx, After trying many Forex programs, signals, robots, etc, and spending countless hours trying to study charts and read graphs, the FreedomRocks trading system has turned out to be one of the only true money makers for me. If your looking for a smart way to trade that takes the guesswork out of investing in the Forex check out www.smartforexinvestor.com If you have any questions just let me know. Best Regards, Yo Fujikawa

1-800-670-2683

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Computers!

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Thanks to those who answer my question.

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