There are many currency pairs in Forex, each with its own way of moving. This article is for beginners who want to start Forex, but I will introduce the features of each currency pair one by one. If you are a beginner, it depends on what kind of trade you want to make, but I think it will be helpful, so please have a look. If you make the wrong choice, no matter how good the method is, you will not be able to make a good deal. However, if you become familiar with how to choose a currency pair, you will be able to choose a currency with active trading and develop a favorable strategy. We will focus on major currencies.
USD/JPY
The currency pair that is easiest for beginners to trade. The feature is that the spread is the narrowest in most Forex companies. Even beginners can easily imagine how to move, and the chart does not move extremely. However, it is also a currency pair that is not suitable for those who want to take a large price range. Because it moves stably, there are places where it is hard to lose.
EUR/JPY
It is a currency pair that is often handled. It tends to be trendy, and it is also characterized by not having many irregular movements. A currency pair suitable for trend followers. However, there are times when the price range fluctuates greatly, so caution is required at that time.
GBP/JPY
Not limited to GBP / JPY, the pound is prone to extreme movements. It may be tough for beginners. The price range fluctuates very much, and when you lose, you lose thoroughly, but hopefully you can get a large price range. You can make a profit in both short-term and long-term trades.
AUD/JPY
This currency pair tends to have stable price movements. It is easily affected by the economic conditions of the United States, Japan, and China, so it is necessary to pay attention to the economic indicators of each country when trading. A tactic that makes a profit by waiting carefully with currencies for trend following and swing trading is suitable.
CAD/JPY
It has a waveform similar to the Australian dollar yen chart. Therefore, it tends to be stable, and extreme declines and rises do not occur very often. A tactic that makes a profit by waiting carefully with currencies for trend following and swing trading is suitable.
EUR/USD
Since the price movement of Eurodollar is small, it is difficult to make a profit by short-term price movement, and it is suitable for long-term investment. A tactic that makes a profit by waiting carefully with currencies for trend following and swing trading is suitable.
GBP/USD
Like GBP / JPY, price movements are very intense. Because there are extreme rises and falls, you can win big when you win, but you lose big when you lose. You can make a profit in both short-term and long-term trades.
EUR/GBP
The pound behaves wildly, but this currency pair tends to be relatively rangeable. Trend following is difficult to work because it does not move extremely. It is not very suitable for people who want to take a large price range.
AUD/USD
A currency pair that moves day and night. It tends to be in the range and tends to be stable. A tactic that makes a profit by waiting carefully with a currency for trend following and swing trading is suitable, but it is easy to become a range, and trend following does not work well when it is difficult to fit.
EUR/AUD
It has a unique price movement that is different from the dollar-yen and euro-dollar. When the price fluctuates sharply, it fluctuates considerably. Trends tend to occur, and you can make a profit in both short-term and long-term trades.
GBP/AUD
When the price moves more violently than EUR / AUD, it goes up and down considerably. Trends tend to occur, and you can make a profit in both short-term and long-term trades.
USD/CAD
It tends to be in the range and tends to be stable. A tactic that makes a profit by waiting carefully with a currency for trend following and swing trading is suitable, but it is easy to become a range, and trend following does not work well when it is difficult to fit.
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