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Monday, June 17, 2024

How to Pick the BEST Forex Pairs to Trade (3 Criteria)

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How to pick forex pairs for beginners. When it comes to choosing forex pairs, you need to pick the right ones. Most people start out wanting to know the easiest forex pairs to trade or the best forex pairs to trade.

The best forex pairs are those that suit your forex trading system. The best forex currency pairs are also those with a good level of liquidity. So if you’re wondering which forex pairs to trade or how many forex pairs should i trade, this video will help you pick the best forex pairs to trade for you.

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Singapore youtuber profile:

Karen is Singapore Forex trader, Singapore motivational speaker, Singapore youtuber, Singapore vlogger , author and was ranked #1 in a Singapore nationwide Forex trading contest.

This trader vlog showcases the trading lifestyle and entrepreneurship life, plus weekly motivation for those that are not traders.

It’s also a Singapore vlog where most of the shots are done in Singapore. She will also be bringing you around the island to explore Singapore.

Karen is a motivational speaker based in Singapore and Malaysia and delivers talks that touches the heart of her audience members.

She is a motivational speaker that is well sought after by many schools and event planners as she is known for solving several teenage problems as she has experienced many setbacks as a teenager back then.

Email: karen@karen-foo.com
Website: http://www.karen-foo.com
Facebook: https://www.facebook.com/KarenFooSpeaker
Instagram: https://www.instagram.com/imkarenfoo/

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Music Credit:

Road Trip by Joakim Karud https://soundcloud.com/joakimkarud
Music promoted by Audio Library https://youtu.be/vpssnpH_H4c

https://youtu.be/so85Ax_Sv2w Disclaimer:The content here is for informational purposes only and should NOT be taken as legal, business, tax, or investment advice. It does NOT constitute an offer or solicitation to purchase any investment or a recommendation to buy or sell a security. In fact, the content is not directed to any investor or potential investor and may not be used to evaluate or make any investment.Investing and trading is a high risk activity and should be approached with caution. I am not a certified financial advisor. Hence, it is important for you to seek a certified financial advisor to craft your portfolio.

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50 COMMENTS

  1. She obviously knows 2 languages and can express herself as well as i can in my own native tongue the only language i know! I feel so dumb! Everybody is just too smart on this planet.

  2. 6:14 😂😂😂😂😂😂😂😂😂😂😂😂 As a novice self-teaching forex trader, that is exactly the blunder l am doing. I am making a profit but losing it at the same time, it's like moving in a circle. Thank you for your advice.

  3. Karen, you r not only made my mind opening, but made me laughing, love your sense of humour 🤣🤣🤣. Are you also only trade eur, jpy gbp, these major 3 pairs ?

  4. Your analagies are hilarious yet brilliant at the same time, which I think is helping me remember the great advice you've given me so far.

    I don't normally comment on YouTube videos. But tonight I started backtesting a consolidation breakout strategy on the AUD/CAD, which I know is very profitable for the trader who taught me it, simply because I backtest in alphabetical order. So far I've had a mere 3 wins and 15 losses over a 1 year period and it almost appeared each time I lost that I'd been stop hunted based on what the market did afterwards.

    So afterwards I thought about it and thought that maybe pairs which have more volume being traded on them are harder for people with "deep pockets" as you put it to stop hunt and that maybe the AUD/CAD doesn't have a high enough volume being traded on it to make stop hunting more difficult.

    So I decided to research what percentage each currency makes up of all of the money traded on the Forex market and as someone who's still learning the ropes I was pretty stunned at what I learned, with the USD having nearly three times as much money traded on it than its nearest rival the Euro and with around 88% of all of the money traded on the Forex market involving the USD.

    Am I right in thinking therefore that it would be easier for stop hunting to occur on the AUD/CAD than on currency pairs involving the USD and that consolidation breakout strategies would work better on the pairs that you suggest, because the sheer volume being traded on them will generally give my breakouts a bigger initial push in the right direction after they break out? If so this probably explains why the guy who taught me this strategy I think only trades 5 currency pairs which all involve the USD.

    Thank you for your very informative videos! ✌

  5. Whaaat???? l love all you taught since I was introduced to forex trading; every single thing, please don't do me dat..If you do, well, I will try and not get more emotional about it than I am already. I love you Karen 💔💔💔

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