PART 9 – FINAL THOUGHTS
LOOKING AT CURRENCY PAIRS
Most traders (myself included) tend to focus primarily on just a few
pairs (my 4 favorites are EUR/USD, GBP/USD, USD/CAD (I’m
Canadian) and EUR/GBP – I don’t personally like trading USD/JPY
often, nothing against Asians as I like Asian people, I just don’t like
the personality of the currency pair. I find it erratic).
It is a good idea to pick a couple of currency pairs and to get very
familiar with them. Each pair has it’s own personality, and when
you develop a ‘feel’ for it you’ll often have more success plucking
out successful trades.forex sato
Remember that you have several currencies you could be looking at
and trading. You’ll encounter times that your favorite currencies
won’t be doing much of interest (thus you won’t trade). At such
times I venture into looking at other currency pairs that I normally
don’t trade. Who knows, on a slow day you might spot a trading
opportunity on one of those other pairs. Good luck!
Word to the wise – don’t trade “exotic” currencies. Stick with the
currency pairs that offer you 5 pips spreads or less.forex sato

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