Skip to main content

3 Forex Pairs For Beginner Forex Traders


As you start your Forex career, or even if you are just testing the waters, you will want to focus
on pairs that can provide you with the highest amount of profit without being as risky as some others are.

The key is to know what your options are and to know which pairs of currencies are the best to focus on. With many different pairs out there in currency, it is easy to get overwhelmed and confused, long before you actually find yourself making a profit.

For this reason, it is best to stick with the following three pairs because they provide the best results for most people.


EUR/USD - The Euro Dollar 



  • The EUR/USD is the most traded currency pair in the world, with the highest trading volume.
  • The Euro is the world’s second most popular currency, after the US dollar.
  • There are currently over 14 countries, in which the Euro is the official currency, and around 5 more countries, which use the Euro on an unofficial basis. These countries are collectively known as the “Eurozone” or the “European and Economic Monetary Union (EMU)”.


The Euro to United States Dollar is the best combination and it is the most popular pair for most
people. It has the lowest spread that you will find in any currency trading.
It responds well to basic technical studies of Forex, unlike some other forms, and this makes it easier for those who are new to Forex to learn how the system works.

Under normal circumstances in the market, the EUR/USD pair is not necessarily volatile, unless there is some type of reason for this. More so, it has a strong global view and it is covered extensively. All of this equates to less risk and closer stops.


USD/JPY 





The combination of the Yen and the Dollar is often a good one for beginners as well. Here, you
have about the same low spread as you do with the EUR/USD. This makes it a great choice for
any investor. Second, it offers smoother trends and when you compare it to other pairs, this
makes a significant different.


  • The USD/JPY is the second most traded currency pair, accounting for 13% of all Forex transactions.
  • The Japanese Yen is the third most traded currency in the world, accounting for 17% of all foreign exchange trading.
  • Japan holds a significant amount of U.S. external debt.



GBP/USD 


The final match up for beginners is the Great Britain Pound to the Dollar. This pair moves largely and it can bring more pips in one simple move than either of the other two mentioned transactions. This is the pair to consider for breakout trading. However, there are risks associated with this pairing that need to be noted. You will need further away place stops and the pair can be quite volatile.  
If you stick with these three pairs, you will find your inexperience with Forex trading is not nearly as hard to overcome as if you were using other trading methods. It is very important to focus on the types of trades that offer some level of risk protection when you are new to trading. 

  • The GBP/USD constitutes 9% of the Forex total daily trading volume, making, ranking it the third most traded currency pair.
  • Because this pair includes US dollar as its component, the most active trading hours are usually during the New York trading session – the session with the highest trading volume.
  • The GBP/USD is characterized by a relatively high level of price fluctuations, compared to other currency pairs.

Join Today Don't Delay - Start your trading with AIMS Stress Free Trading System and enjoy the profits forever



Popular posts from this blog

Count Elliott Wave within 10 Seconds

After Reading this material you should be able to do the following:
Objective 1. Understand Elliott WaveObjective 2. Count Elliott Wave within 10 SecObjective 3. Learn how to use AO
Objective 1


What is Elliott Wave? 

We believe the market has a structure. That structure is Elliott Wave. We also believe that the structure also has a structure and that structure is shown to us on our charts by using our indicator AIMS Levels. EW consists of impulse waves and corrective waves. We are interested in trading the impulse waves and avoid the corrective waves.


Which wave is most profitable and easy to trade?   


Wave 3 is where we make money. Our strategy puts us right into the impulse waves, where the money is made.


Hypothetically, this is how Elliott Wave looks like.



Within each Impulse wave there are 5 waves.  of which wave 1,3,5,  are again impulse waves whereas wave 2 and 4 are corrective waves.

An impulse wave consists of sequence of 5 waves starting from 1 up 2 down 3 up and 4 down an…

Count Elliott Wave in 10 Sec

Example of Setup 1 and Setup 2. In the Chart below the blue arrow that point to the Red Dot is the spot which we Call Setup 1. The next AIMS/Fractal Level immediately after it broke down is what we call Setup 2. At the Red Dot alligator was sleeping. While at the second break Alligator mouth was open to the downside. 
Updated 11:00 BST

How to Trade Wave 3 Make HUGE PROFITS

The most important thing I learned few years ago was that the market was a wave. Well not the market, but the charts that we look at. It always moves in waves. Someone actually named them after themselves but we don't really need that lovely name (Elliott Wave). Because we don't need to complicate things.

When I talk about waves, I don't mean the popular Elliott Wave. I mean the WAVE we have on the most beautiful indicator called, ahem it has many names, AO, The Awesome Oscillator, The eWave, AIMS Wave etc.  It helps us see the market in a smooth wave going above and below a certain Zero Line. .. It helps you ignore the going up and going down of the price concept. For us technical traders, we don't have an up and down as such specially in forex. All we see is eWave turning Red or Green.

Assuming you already know a bit about the wave. I know most of you will want to know the answer this fantastic question. How to trade the third wave?

They all ask that question, and s…