Monday, August 29, 2011

EUR/USD still in a consolidation mode...

EUR/USD is still in a consolidation. Daily and Monthly chart shows a downtrend. Let's wait and see if there is a breakout downside.
Happy trading.

Friday, August 26, 2011

Eur/Usd moving in range..

Eur/Usd moving in range.. since few days. Waiting for a breakout. Anybody trading only in EUR/USD ? Please share your thoughts on this particular currency pair.
Happy Trading

Monday, August 8, 2011

Which currency pair to trade ???


Anyone who is new to forex trading, might find it confusing as to which currency pair they should trade. Personally, I prefer the majors. When you select a currency pair to trade, keep in mind to check it's spread and it's liquidity. All the major pairs offer you good liquidity but I prefer Eur/Usd.

I prefer trading in EU pair as this currency pair is highly volatile and has the best spread and gives a 200 pips average move daily. It's just my style of trading.

I have been trading EU since 4 years along with other currency pairs. But, since 2 years I am concentrating only on Eur/Usd. I find it easy to study one pair more effectively rather than trading blindly with different currency pairs.

Friends, please share your views on this..

Thanks and happy trading..