CURRENCY PAIR CHOICE
Above we listed the currency pairs you should limit yourself to scalping based
on the criteria of their pip spreads. There are a few other factors that are
worth looking at.
In my other eBooks I have repeatedly alluded to the fact that each currency
pair exhibits it's own personality. It is important to be familiar with the
"personality" of the currency pair(s) you intend to trade so that you can
develop an almost intuitive feel for how it tends to behave. The only way to
cultivate this recognition is to study the charts of the currency pair for a while
(at least a month). I can't stress enough to you the importance of keeping
your eyes on the charts to become familiar with the pair's behavior.
At the time of this writing (remember that when you read this the Brokers
might have already changed the spreads) there are two currency pairs that
have a 3 pip spread; EUR/USD and EUR/GBP. Due to the fact that they have
the lowest spread makes them the ideal candidate for scalp trading. There is
however a significant difference between them that makes one more ideal than
the other.
read more
0 التعليقات:
إرسال تعليق