All You Need To Know About Trading Currency Pair

Most of the newbie traders like to trade EURUSD because of the very low spread. But for me, I really love AUDUSD. I pick this currency pair by accident when I was new because my previous broker listed the currency pair in alphabetical order.  I tried a lot of currency pair to trade when I was new in Forex using a demo account and AUDUSD really caught my attention. It has a high spread, usually times 3 of EURUSD unless the forex broker has a fixed spread. I have been trading this pair for more than 3 years now and I really love it. It has a consistent pattern. If you look at the graph and history of this pair you'll know what I mean. A secret that nobody tells you. They said each currency pair have their own movements or behaviour and I believe that because after more than 3 years of trading this pair, I know when to buy or sell my position. What's your favorite pair to trade? If you are new to forex, I will suggest you to study AUDUSD and know its behaviour.

Forex trading is really profitable if you are well equipped with knowledge and experience. Sad but true, most of the newbies lost their entire account in trading. Some in just a matter of minutes while some after several weeks. Do you know why? Because they are not knowledgeable and they are not experienced traders. Forex should not be of any kind of gambling. After we put our trade we should expect for a favorable return. If you are just starting to trade forex you need to trade slowly. Don't be greedy and start with small profit. Every day is a trading day. It will never stop. There's always time to buy and sell so stop rushing. If you're a new trader and you rush, you'll lose very fast without gaining a lot of experience.