Jump to content

Welcome to Digital Money Talk Forum - Forex, Ecurrency exchange and Cryptocurrency Forum
Register now to gain access to all of our features. Once registered and logged in, you will be able to create topics, post replies to existing threads, give reputation to your fellow members, get your own private messenger, post status updates, manage your profile and so much more. If you already have an account, login here - otherwise create an account for free today!



Veil-Project

Rotating Banners

Read our Advertising Disclaimers


Refund Policy


Photo

Why you should not trade unpopular pairs


  • Please log in to reply
79 replies to this topic

#1
euro

euro

    Advanced Member

  • Members
  • PipPipPip
  • 523 posts

I think we should stick with the safe haven pairs like euro or yen or usd since the unpopular ones have high spread so that is the bug right there already. I mean if you're scalping you can't make that much with  high spread since you will be waiting for 3 or more pips in order to gain like some pips and it takes forever so better stick with low spread pairs like euro or usd or yen rather than others. I can't stand high spread and its way too hard to earn in scalping. 


  • -9

#2
davils9

davils9

    Advanced Member

  • Members
  • PipPipPip
  • 478 posts
  • LocationMirpur-12, Dhaka Bangladesh

I want to be a forex trader and I want to make more and more money from here. So I want to join a forex school for increase my skills. I think it will be better for me and I will be success in life and I will be success in forex market.


  • 0

#3
sidejob

sidejob

    Advanced Member

  • Member
  • PipPipPip
  • 11,537 posts

Unpopular pairs have higher spreads, and i think it is better for me to stick with the major pairs right now, since i am making profit right now with those pairs, not with that exotic pairs. Honestly exotic pairs is harder to handle rather than popular and major pairs.


  • 0

#4
davils9

davils9

    Advanced Member

  • Members
  • PipPipPip
  • 478 posts
  • LocationMirpur-12, Dhaka Bangladesh

It is good to start a trade when a man will be a good trader and he will be a good trader. Because it is a risky too. So we need to increase or learn our about forex. It will be better.


  • 0

#5
davils9

davils9

    Advanced Member

  • Members
  • PipPipPip
  • 478 posts
  • LocationMirpur-12, Dhaka Bangladesh

I want to earn more and more money. So I like forex market and I want to be a good trader it will be better for me. There are many man they can earn money from forex market so we need to be a good person.


  • 0

#6
Decub

Decub

    Advanced Member

  • Members
  • PipPipPip
  • 1,817 posts
The unpopular or even the exotic pairs are quite difficult to understand for me. I would rather go for the popular pairs and stand a chance to take advantage of the movement. I think that whomever that is going for the unpopular pairs should just have adequate knowledge and understanding of them because they can just get a trader confused to understand how they move.
  • 0

#7
standart

standart

    Advanced Member

  • Members
  • PipPipPip
  • 4,800 posts

exotic pair provide low liquidity. brokers charge wide spread and it not enabling traders to apply short term approach in trading. to make profit or to achieve the target, will take very long period. we can trade in exotic pair but profitable more if we are trade in major pairs.


  • 0

#8
Stekin

Stekin

    Advanced Member

  • Members
  • PipPipPip
  • 687 posts
I don't like to trade in unpopular pairs because the brokers do charge the traders high fee for trading in it. If you are a scalper, the charge will mean that you cannot be able to make good profit because you will spend the money in paying for the fee. It is better if you do it with high liquidity pair. But if you know how to trade in unpopular pair, you can be able to make profit from it.
  • 0

#9
Decub

Decub

    Advanced Member

  • Members
  • PipPipPip
  • 1,817 posts
But sometimes I still wonder as I know there are those who trade on it and still make profit from it. It's about understanding of the said pair and the knowledge of it. That they are unpopular pairs doesn't mean there are no chances of making good profit with them if the trader understands how to trade with it.
  • 0

#10
forexlover

forexlover

    Advanced Member

  • Members
  • PipPipPip
  • 104 posts

Dear, Unpopular pairs have unknown movement. So I think we can get loss in unknown pairs. A trader must do trade on popular trade such as EUR/USD or other this kind of currency pair. Currency pairs also very suitable fore nebies.


  • 0

#11
tray22

tray22

    Advanced Member

  • Members
  • PipPipPip
  • 927 posts
Yes that is true sometime the spread is so much here so we need to be sure that we trade in those pair that is minimizeable and that is really the real truth as spread is only about 2pips with my broker
  • 0

#12
waseemilyas

waseemilyas

    Banned

  • Banned
  • PipPipPip
  • 411 posts

But occasionally I keep on to ponder as I understand you may learn individuals who trade on it and continue to make take advantage of it. It certainly is about comprehension of the stated pair together with understanding of it. That they're unpopular pairs does not imply you can find not any options of earning fantastic receive with them Should really the trader understands.  


  • 0

#13
Ashley Cole

Ashley Cole

    Advanced Member

  • Member
  • PipPipPip
  • 56 posts

The only reason I can say is that most of the unpopular pairs are highly costly to trade because of their spread; it’s no issue to trade on any pair as long we understand it, but if we have no clue then we should most definitely avoid trading in that. I only prefer to trade on 4-5 pairs because of that makes my task easier and also due to low spread by OctaFX broker, it’s already become much simpler and they have various spread for different pairs like 0.2 pips for some and even lower for others.


  • 0

#14
myregister

myregister

    Advanced Member

  • Member
  • PipPipPip
  • 7,069 posts

I don't think leave greed is better, why i defend greed here? Because greed is the main reason people trade. I always remember what Warren Buffet said Be Fearful When Others Are Greedy and Greedy When Others Are Fearful. It means you need to control emotion not to leave it, surpress it when others are greedy so you don't fall to pit but let it like tamed beast when others are fearful. I think you already know what i mean by this.


  • 0

#15
sidejob

sidejob

    Advanced Member

  • Member
  • PipPipPip
  • 11,537 posts

It is totally simple because unpopular pairs has higher spreads and also their movement is not really so much and harder to predict. I know that some has higher volatility such as GBPJPY even that is cross pairs, but cross pair is hard to predict more than major pairs.


  • 0

#16
myregister

myregister

    Advanced Member

  • Member
  • PipPipPip
  • 7,069 posts

Higher spread but the movement is really good so far and yes harder to the predict unless you already getting used with it. Many of experts trade with unpopular pairs and still make profit from it. Basically for newbie wait until you got some knowledge first.


  • 0

#17
kim

kim

    Advanced Member

  • Members
  • PipPipPip
  • 70 posts

Unpopular pairs mostly named as exotic pairs have huge spreads. One of the reason is this for many traders not trading them. Then their movement is also very wild. You don't have much news events of such currency to analyze them properly.


  • 0

#18
Ajitesh Roy

Ajitesh Roy

    Advanced Member

  • Members
  • PipPipPip
  • 73 posts

Although it’s not any major research that we should not trade on unpopular pairs, but it’s just common sense that say this since we are well aware that if we do trading on pairs we are not sure about or is unpopular then one mistake can be highly damaging and there are very less chance of reversal.

 

I prefer trading on popular pairs like EU or UJ, it’s simple to understand them while my broker OctaFX charges very small spread which ranges around 0.1 – 0.2 pips, so it’s far easier to trade with such favorable conditions and another benefit is that they have highly smooth trading platform, so my trades are always operated instantly without any re-quotes or delay happening!


  • 0

#19
sidejob

sidejob

    Advanced Member

  • Member
  • PipPipPip
  • 11,537 posts

Spread and Risk are the reason why we shouldn't trade unpopular pairs. It lack of liquidity which make it riskier than before. Well if you are an experienced traders and has a lot of reference with exotic pairs maybe you can see this as good chance but someone who are just getting used with major or minor pairs it is better to avoid this one. 


  • 0

#20
myregister

myregister

    Advanced Member

  • Member
  • PipPipPip
  • 7,069 posts

Yes that is true sometime the spread is so much here so we need to be sure that we trade in those pair that is minimizeable and that is really the real truth as spread is only about 2pips with my broker

Well spread is so much because it lack of people who want to trade here, unpopular pairs for sure has nice movement or even doesn't have something like that, but you could be a market maker here, even you buy or sell will affect surely the movement, if you have bigger capital this maybe suitable for you.


  • 0