Basic Trading Tips (Forex Beginners)
Forex trading is a highly complicated game, these are some simple trading tips from FxPros.net.
Forex Trading Tip 1: “Know what you are trading”
The market behavior of all Forex pairs is not the same. Some currency pairs are much more volatile, and trend very aggressively, compared to others. Furthermore, currency pairs trade within specific seasonal patterns. For example, during April, the British Pound against the US Dollar tends to appreciate more than 80% of all time. » When to trade Forex
Table: Forex Currency Pairs & Volatility
HIGH VOLATILITY PAIRS |
MEDIUM VOLATILITY PAIRS |
LOW VOLATILITY PAIRS |
---|---|---|
|
|
|