Which currency is safe to trade

[Famished]

Go for EUR/USD, USD/JPY, AUD/USD. In Particular, you can pick major pairs as they are less volatile compared to other currencies. Test a few of them and see which one works the best for you.

 

[InnerMarshal]

We can never refer to any currency or currency pair as fully safe in forex trading. Still USD and the major currency pairs (pairs which have USD as base or quote currency) are less risky and more liquid. It will be ideal for a beginner to just trade one major pair until they become skilled enough to trade more pairs.

 

[SwimBoar]

There are no such currencies, but some are more volatile than others. Trade with major pairs. They are relatively stable than other pairs and have high liquidity.

 

[Tauricide]

The most successful and widely used trading currency pair is the EUR/USD. You should consider giving it a shot.

 

[Acetarious]

EUR/USD would be the best for you!

- The EUR/USD is widely considered to be the safest currency pair to trade. This is because the Eurozone and the United States have the two largest economies in the world, and their currencies are very stable.

- The EUR/USD is also the most traded currency pair in the world. sell the currency pair.

- The EUR/USD also has a very low spread. This is the difference between the bid and ask prices of the currency pair.

 

[Overpoise]

Looking at the current situation, you will be quite safe if you choose a pair in which USD is the quoted currency. EUR/USD is a good pair but it may not be the right one for a beginner at the moment due to the parity situation.

 

[mirko1010]

i trade eur usd and is a very good pair for trade.

 

[YellowWitty]

If you want to trade with stable pairs, try major pairs - EUR/USD, USD/JPY, etc. They are less volatile compared to other pairs.

 

[Ansu]

As a beginner I want to know which currency is safe to trade in forex market

For me i prefer AUDUSD ; EURUSD ; USDCHF

 

[Pangolin]

The U.S. dollar (USD), Swiss franc (CHF), Japanese yen (JPY), and are all regarded as safe-haven currencies. It is because over the years they have maintained an almost linear price action line with much lower fluctuations compared to other currencies. Moreover, on a daily basis, these currency pairs have the highest liquidity and enough volatility which makes them highly profitable for traders. The good political and economic relations between these countries have also resulted in good foreign exchange development.

 

[Khlesee]

To my knowledge, the EURUSD is the safest currency pair to trade because of its lower volatility and high liquidity, even the spreads are lower than other major currency pairs.

 

[Expatiate]

There are three types of pairs–Major pairs, Cross Pairs, and Exotic Pairs in the forex market.

Currency pairs that have low spreads and provide high liquidity will be more profitable & safe for you. You can consider EUR/USD and other Major pairs. But first of all, you need to study about them, build a strategy, and practise it on a demo account to see if it works for you.

 

[BoldMaestro]

As per the present market conditions, the best currency pair to trade now is the USD/CHF. The US dollar and Swiss franc are combined to form "The Swissie." For many years, investors in the foreign exchange market have relied on trading the CHF during periods of market turbulence because of Switzerland's financial stability as a "safe haven."

 

[Qadkar]

Choose EUR/USD, USD/JPY, or AUD/USD. You can choose major pairs in particular because they are less volatile than other currencies. Try out a few and see which one works best for you.

 

[mrumairsss]

As a beginner I want to know which currency is safe to trade in forex market

i think the more traded pairs are best for trading they are trendy easy to pick the trend just like eurusd and gbpusd

 

[amr mady]

No currency is safe to trade. Trading is never safe. Risk is a fundamental part of it and every trader needs to get used to that thought if they wish to learn how to trade that successfully, because part of being successful is knowing how to handle that risk and the stress related to it.

 

[Kirankrithika]

The EUR/USD is widely regarded as the most secure currency pair to trade. This is because the Eurozone and the United States have the world's two largest economies, and their currencies are extremely stable.

 

[Jackyard]

True! Traders should study the nature and behaviour of the currency pair to understand the reason for the price movement in the certain direction.

 

[shonykane]

As a beginner I want to know which currency is safe to trade in forex market

I'm a beginner and I'm starting with EURUSD.

 

[dottmaxence]

they are all safe but a beginner should go with the least volatile and most liquid ones like EURUSD USJPY GBPUSD AUDUSD USDCAD USDCHF NZDUSD