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For me, the pairs with highest spreads are my least favorite cause it’s hard for me to cross over the spreads point to make a profit and I have to wait for a long time if they do go over that. I like the popular ones due to comfortable spreads and high volume on trades. I don’t like any two European pairs with each other as they are not having much movement due to the fact that they re kind of similar in nature and therefore less movement.
From my trading experience I have found spreads are the strongest trading element in forex trading. Because tight spreads helps a trader to cross over the points. Then forex pairs give good result. Forex pairs is actually trading pairs. For this trader need a very strong broker. I have found one strongest broker for my trading. TopFX24 is the strongest broker who has all the trading facilities in their trading platform with the maximum trading pairs for using.
I think you are a scalper as only scalper can think in that way in forex market. Spread rate effects most to the scalper as they desire of few pips. If you are a long term trader you don’t need to worry about some pips as in long term trading a trader desires big. If you need low spread rate I can suggest you my broker AAFX. It gives 1 pip fixed spread rate on major pairs.
I am using MT4 trading platform. My broker FXPM is using mt4 platform. Their platform is definitely not hard to use. It doesn't give any requote while putting in a market ask. Likewise it doesn't make any imposter candles like many other brokers.
Currency is the cardinal thing of Forex trading to trade with. Forex is a market of high volatility and liquidity. Here currencies are exchanged at their current price and the daily transaction amount is more than $4 trillion dollars. To transact with the market I have selected Trade12 broker who offer more than 60 pairs to trade. Many of the pairs are given the lowest amount of spread level.
There are more than 100 currency pairs available in forex market. Trader can trade from any of those currencies. But most of traders prefer major pairs to trade. Cause those pair has high volatility and low spreads. Now I am trading with CapitalsTrade. it is a regulated and licensed broker in Vanuatu. I like to trade in EUR/USD, GBP/USD and USD/JPY. Those are my favorite currency pair. I am scalper.
I personally like both EURUSD and GBPUSD. Actually I only trade these two pairs. I do not like to trade many pairs. But between EURUSD and GBPUSD I like GBPUSD the more. It is a wise idea to select one or two pairs for trading. It gives you space to learn all the trading patterns of that single pair. I am trading with MaximusFx broker that has 200+ trading instruments. You can choose your best from here.
Check the rate of foreign exchange for today and be updated on the live rate of each major currency. It is essential for traders to know the rates of currencies for them to contemplate a wiser trading decision.
You will likewise need to ensure that your latent capacity broker has a reputable Internet security firm and uses elevated level encryption, for example, Secure Sockets Layer or SSL, to abstain from having your own and monetary data fall into an inappropriate hand. Another security features a few brokers use is two factor validation, which requires a username, a secret phrase, and an arbitrary produced security code for entry. Web security is regularly disregarded when opening an account with the biggest forex brokers.
Major currency pairs all contain the US Dollar on one side – either on the base side or quote side. They are the practically once in a while traded joins in the FOREX market. The majors, all things considered, have the slightest spread and are the most liquid. The EUR/USD is the most traded pair with a step by step trade volume of just about 30% of the entire FX market. I am trading with Eurotrader broker where I get over 100 the currency pairs including gold that I need for my trading.