What's the best pair to trade in Forex?
Question:
Answer:
The one that is next to go up!
If it were only that easy. One of the interesting dynamics of the Forex market is that all pairs are in a constant state of movement. This is driven by geo-political actions, large international commercial activities, employment statistics, weather etc. etc.
It is impossible to recommend a specific pair that is "best" to trade at any specific time. However, there are strategies that would allow you to hedge your position by trading two pairs that have a specific relationship between each other. This relationship is called correlation and is a very good way to minimize risk while capturing very attractive returns in the Forex market.
Send me an email and I would be happy to send you a free report that discusses this further.
Best wishes for a prosperous 2007.
Paul
pupp52@yahoo.com
Depends on your personality. Are you the fast or slow type. It ranges from USD/YEN, USD/CHF.USD/STERLING [hi volatility] to Eur/Gbp [lo vol]. The best pair is the one you have a gut feeling for.
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