Which Currencies Should You Trade?

Which Currencies Should You Trade?

While it may seem like the best currency to trade may depend on the trader’s preference, this is not the case. When choosing the best currency to trade especially as a beginner, you must consider basic Forex factors such as volatility and predictability.

Just as rookie traders are advised to learn only one aspect of Forex at a time, they are also encouraged to not trade too many currency pairs at once. It is best to trade just one solid currency pair.

Most traders, no matter the degree of trading experience they have, prefer economically stable and liquid units set up by the strongest economies in the world.

The 8 global currencies with the greatest commercial potential which are safe enough for beginners to trade with are US Dollar, Canadian Dollar, Euro, Great British Pound, New Zealand Dollar, Australian Dollar, Japanese Yen, and the Swiss Franc

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