The best pair that most traders would agree that is suitable for beginners is EURUSD. Not only because it is the most famous pair, but also because of its lower volatility when compared to other currency pairs.
In terms of trading fees and volatility, EURUSD is still a favorite trader recommended for beginners, other pairs such as USDJPY, GBPUSD, and other major pairs also have good daily averages and tight spreads.
The main thing for beginners is not to immediately get involved in trading highly volatile pairs, such as XAUUSD. Yes, here you can quickly make money on extensive movements, but there is also a big risk of losing everything due to inexperience. And the spreads on such pairs are not small.
Gold and Silver for beginners may trigger adrenaline because of the high volatility, so the risk is also high even though the profit potential is high, aggressive traders who like the high volatility of these two pairs are a challenge.
For beginners, it's best to start with major currency pairs like EUR/USD, GBP/USD, or USD/JPY. These pairs are highly liquid, meaning lower spreads and more predictable price movements. They also have ample market data and analysis, making them easier to understand and trade with lower risk.
For beginners, the best forex pairs are typically major pairs like EUR/USD, GBP/USD, and USD/JPY. These pairs have high liquidity, lower spreads, and are less volatile compared to exotic pairs, making them ideal for learning and practicing.
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