Skip to main content

AUDUSD The Best Ever Currency Pair to Trade

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.


Comments

Popular posts from this blog

How to Trade Forex with $1 (One US Dollar) Account

Forex Trading Strategy for $1 Today, Forex brokers are allowing the forex traders to deposit and open a real trading account for only One US Dollar. Sounds real crazy but it is really possible to trade forex with $1 (One US dollar) account, not only technically but it is also psychologically possible. The only requirement to trade $1 is Patience. Since the amount was very low, we cannot expect for high profit.  Forex Trading Strategy Plan for $1 US Dollar Account Open a real cents account - This will turn your $1 to $100 dollar equivalent value Trade 0.1 lot size one at a time - Do not open another position as long as the previous was not yet close. Opening 1 position at a time will allow for 1000pips movement.  Target realistic goal - Take profit can be set at 10pips a day, but if you enter a trade on an extremely over sold or over bought area, you can target for 50 to 100 pips a day. Plan the use of stoploss - If you ope...

Get Paid from Participating on Forex Forums

Are you tired of loosing your own money while learning how to trade profitably on forex?  Good news to all newbies because forex brokers are starting to provide bonuses that can be use for trading in exchange of posting their experience and opinions regarding forex.  Every post  will give you  0.2$ , post will be as simple as like this in the picture

How to trade forex using Hedging Strategy

Forex Hedging Strategy Before I knew that it was hedging, I was already using it. I use it to protect my account from further loss, but aside from protecting your account from additional loss, you can maximize your profits by using hedging strategy. What is Hedging? It is opening a buy and sell position at the same time with same lot volume. Sounds fantastic and great trading idea because wherever the market goes, up or down, you have a trading position that will be on profit, and when the position goes on the opposite you will profit again to the other position. But to many who uses hedging position at the first time, This result them to too much floating loss position, and when get out of control, they face margin call. When to use Hedging Strategy? Most of the traders doesn't know when to use the hedging properly, though they have a good idea because the currency pair are moving in harmonic waves and the price keep on coming back to a certain price, they would rea...