June 24, 2017

Great Currency Pairs to Trade These Days

The criteria for choosing the great currency pairs to trade these days based upon certain factors including liquidity, spread and average trading volume etc. If you keep these factors in mind then the most profitable currency pairs include USD/EUR, USD/GBP, USD/JPY, USD/CAD, EUR/JPY, USD/CHF and EUR/GBP. Upon having a look over these major currency pairs it becomes obvious that USD is present on either side in most of these pairs and we know that USD is expected to depreciate in coming future. Whether it will be major depreciation or minor depreciation, every currency pair involving USD could become a way of making huge profits if traded prudently.

Now the question is that how to select best currency pair to trade? The answer is very simple that it mainly depends upon trading style and trading capacity of a trader along with complete professional analysis of market trend and making right use of it by riding the trend till its successful end. So the selection of great currency pairs to trade nowadays should involve choosing major currency pairs having USD on either side after spotting the forex trend accurately through fundamental analysis of current market environment in a professional manner.