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Friday, July 13, 2007

Lesson 3 - pairs to trade

different brokers provide different sets of pairs to trade.

however it is best to trade 1 or 2 pairs only.

choose the most active pair.

consider the spread (lower spread is better).

I trade EU (eur/usd) and UCHF (usd/chf).

EU has smallest spread, depending on brokers, some offer 1 pip, some 2 pips, few 3 pips. Don't join broker that offer spread more than 3 pips for EU. They simply taking away your profit.