Major Forex Currency Pairs
The major forex currency pairs usually I like to trade are as follow
Currency pair spread Minimum ST and PT
The EURUSD and the GBPUSD tend to move in the same general direction, the GPBUSD is typically a bit more volatile than the EURUSD. They are positively correlated.
The USDCHF is negatively correlated to the EURUSD, so if the EURUSD is moving higher the USDCHF is most likely moving lower in the chart of the same time frame.
The best to trade Commodity Currency
XAU/USD – Gold
XAG/USD – Silver
I avoid trading the USDCAD because many false trading signals.That is because it being heavily influenced by the price of crude oil.
I only trade these 4 Currency Pairs
The exotic currency pairs are not the best to trade,they have wider spreads than the majors and the crosses,usually over 10 pips spread, sometimes even up to 20 pips. Better DON’T TRADE.