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What is best fx pair for beginner?
Hello, I want to start trading fx pair. What is best for me as beginner?
Hi @Shah_6659!
Since you are new to Forex Trading, it's probably best to focus on major currency pairs due to their high liquidity, lower spreads and availability of information. These pairs are less volatile compared to exotic pairs, making them easier to manage for new traders. Major pairs include the following:
- EUR/USD (Euro/US Dollar)
- USD/JPY (US Dollar/Japanese Yen)
- GBP/USD (British Pound/US Dollar)
- USD/CHF (US Dollar/Swiss Franc)
We suggest starting with a demo account to practice before using your real money. We feature many reliable brokers here on FXTrustScore.com if you do not know where to start. Follow the performance of the pairs above on our Top Forex Page or any other site like Yahoo Finance.
Good luck!
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@shah_6659 I started with EUR/USD at the beginning, then moved on to exotics later on. If I were you, I'd do some research and then open a demo account. Best of luck