Pairs to Trade

It is time to get into that demo account and begin trading with the idea of making profitable trades!

What and how many currency pairs should you begin working with? I definitely recommend staying within the majors. That gives you 21 pairs -- or 28 if you included the New Zealand Dollar (NZD) as a major.

Endeavor to catch the action of all three trading sessions -- Asian, European, and North American without unnecessary overlay. A trading suite of EUR/USD, CAD/JPY, and AUD/CHF would have you covered, just as an example.
Three will give you a good workout. Four or five would be fine, but more might be too much on your plate at this time.
By Michael Duane Archer
Michael Duane Archer has been an active futures and FOREX trader for more than 35 years. He has worked in various advisory capacities, notably as a commodity trading advisor, registered SEC investment advisor, and branch manager for Heinold of Hawaii. He currently trades FOREX and futures and is involved in several technical analysis research projects.

Copyrighted 2016. Content published with author's permission.

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