factor to consider is the spread. For example if you live in Australia, you may want to start trading the Australian dollar. Currency
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pairs are active at different times. To profit from trading forex, the currency pair has to move. After you have finished reading this article, you will be able to avoid choosing a currency that you may have thought is a good one
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to trade but
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on closer inspection you find does not have the greatest potential for profits. You may think that choosing the actual currency to trade is a simple matter after
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deciding to learn forex trading. The USD / EUR currency pair has what is called a 'tight' spread, meaning that the spread is small. Now you should understand that it is
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not a simple matter to choose a currency to trade.
In this case, you will need it to make a much large move just to cover the cost of buying and selling. That is a move of less than 10%.
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For example, over the period from to the USD/THB moved from around 33 Baht
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to the USD to 35 Baht.
The objective of trading forex is to make profits, and
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that is only possible when you consider the spread, trade when the currency is active and has some movement.. Regardless of whether it moves up or down, it needs to move for you to make a profit. For example, if you are looking at the American Dollar / Euro USD / EUR spread, the price to buy
currency
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one Euro in is around USD1.36485. We will explain some of the key points you need to be aware when selecting which currency pair to trade, forex momentum trading such as the spread, when it is active and the potential for
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profits. How to Trade
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Currency - Tips to Find the Most Profitable Currency to Trade
If you are starting out and learning how to trade and wondering how to determine which currency pair is best for you to trade, you will want to lionello this article. Some people will naturally choose the currency they feel most comfortable
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with, which is
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often that of their own country. The USD / EUR is most active when the European and U.S sessions overlap.
Although the forex market is open 24 hours a day,
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trading is generally carried out in three trading sessions. This difference is the spread,
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and this means that in order to profit, you will need the currency to move in the correct direction, and in excess of the spread. It
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is important though to know the factors that make a currency attractive to trade.
That is a move of around 25% over the same period. In contrast, the USD/EUR currency pair has moved from 1.61 Euro to the Dollar in to
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1.26 Euro. The trading day opens with the Asian session, then the European sessions opens with trading centered in London and finally the U.S session opens with traders in New York.
If you then want to sell the one Euro you would get 1.36470. Some currencies may have greater potential to move than others. The spread is the difference between the price to buy and the price to sell a currency. If we look at another currency pair, for example the American Dollar and Thai Baht USD / THB, the buying and selling prices are 35.295 / 35.395, a much larger spread than the USD / EUR. A currency pair such as the Australian Dollar / Japanese Yen AUD / JPY is generally more active in the Asian session and quieter in the U.S session.
