The best pair to trade in forex is the EUR/USD because it is the most traded currency pair. It consistently has high trade volumes, thus creating less volatility and giving you more opportunities to enter and exit a trade.
as many mentioned above, major pairs are all good to trade and also gold since it has inverse relationship with USD so you have something to invest on if market is going down. In term of popularity, USD/JPY is the heaviest traded pair on day-to-day basis.
I prefer to trade economically and politically stable currencies which are highly liquid too. My favourite pairs are GBP/USD, USD/CAD, EUR/JPY, AUD/CAD and EUR/GBP.
The EURUSD is a good pair to start off since many beginner traders prefer it and volatile. Other pairs that are associated with USD like NOKUSD, CADUSD, etc.. are also profitable since USD occupies 75% of the market and is one of the emerging countries.
The best pair to trade depends on a number of factors, which include your trading style and what day of the week you plan to trade. EURUSD, GBPUSD, USDJPY, EURJPY, and AUDUSD are the most traded pairs in the world. They are more liquid and offer better trading opportunities.
Traders have to keep two things in mind while trading forex pairs: liquidity and volatility. In order to make profits, traders choose pairs that are actively traded. Pairs such as EUR/USD, USD/JPY, USD/CAD, and GBP/CHF make tradable pairs. The liquidity of pairs varies and depends on many factors, including the trading hours. Traders should analyse the trends of pairs and trade accordingly.
I mostly trade major pairs and my favourite pair is EUR/USD as both currencies belong to the world’s largest economies and are strong.
I also prefer trading GBP/JPY due to its high volatility and high pips.
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