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Why you should not trade unpopular pairs


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79 replies to this topic

#61
aliforex

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It is so funny, pick the unpopular pairs because it doesn't have wide spread. In fact, popular pairs which have low spread in most conditions while the one that has wide spread is actually unpopular pairs. Popular pairs are good for traders who are still newbies or want to trade in a safe way rather than confused with how to make the profit with unpopular pairs.

Being a trader is sometimes difficult in choosing a broker well, because now many brokers who do cheating, and we should be able to choose a broker who can guide and also guide us become one of the reliable traders and also achieve easy profits

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#62
myregister

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Unpopular pairs and what you said above doesn't even have any correlation and how can it be like that? Even with popular pairs still, there are a lot of manipulative brokers out there. Unpopular pairs lack of liquidity and the reason why it has big spread compared to popular pairs and this is why people seem to think twice about it.


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#63
sidejob

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Unpopular pairs and what you said above doesn't even have any correlation and how can it be like that? Even with popular pairs still, there are a lot of manipulative brokers out there. Unpopular pairs lack of liquidity and the reason why it has big spread compared to popular pairs and this is why people seem to think twice about it.

So the only reason is that? Well, there is one important note to make, an exotic currency pair could move hundred or even thousand pips and then stop. Why? Because only a small number of banks trade these exotics, so once a move starts, it continues and rumbles next. That big volatility is not really like what you can see in major pairs.


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#64
raniya

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Any pairs we use for trading, as long as we understand market movement, We also can earn profit. Trader can choose it. But also still not try to trade in other pairs, except EURUSD GBPUSD, USDJPY in FXB Trading


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#65
Gee Dee

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Trading is somehow not so easy task today. Forex trading is not only exchanging one currency for other currency. Traders can't ensure profitable journey from random trade executions. Rather traders will require thinking about proper analysis; they should consider the spread; potential pips; flexibility to trade; liquidity potential of the currencies, etc. When we try to trade with uncommon pairs we face the problem of high uncertainty along with higher spread.


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#66
uncle gober

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that is why traders must be able to have sufficient trading skills, so that traders can become more maximal in carrying out trading activities, and be able to be able to get more leverage in holding real accounts.


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#67
Sininfinity

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Currency pairs other than the majors are less popular. But I don't see a good idea to discourage anyone from trading those pairs. I myself don't trade exotics but there are people who can see opportunity in them and can get a decent amount of pips from them. If they can then why not.


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#68
uncle gober

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traders must be able to understand first before actually going to carry out existing trading activities by generating profits that are in line with expectations when trading, so that traders can be more comfortable in carrying out trading activities on real accounts.


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#69
moneyrig

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Your advice is applicable to scalpers indeed. The fact that the spread is high does not mean it is a bad pair to trade generally. With a good strategy and long term position, one can actually make good profit from trading pairs with high spreads, but good volatility.


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#70
Sininfinity

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Your advice is applicable to scalpers indeed. The fact that the spread is high does not mean it is a bad pair to trade generally. With a good strategy and long term position, one can actually make good profit from trading pairs with high spreads, but good volatility.

 

Many also take advantage of trend and positive swap from exotic pairs. There are various ways to trade so people should not stop looking.


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#71
uncle gober

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therefore traders must be able to have good and correct analytical skills in order to be able to help traders to better see the opportunities and risks that exist in real accounts by better looking at the opportunities and risks that exist.


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#72
Namu

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indeed, to train a good psychological condition, you should use a real account with small capital, besides being more effective it can also minimize the losses that we might experience.


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#73
uncle gober

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Existing psychological conditions must indeed be considered well, this is done so that traders can get better and be more maximal in running existing trading activities more optimally than before, so the opportunity to generate profits can be even greater.


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#74
bigxy

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Unpopular or exotic pairs are the one which comes up with low liquidity, hence they could be risky and that is why they are not recommended options for new traders.


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#75
moneyrig

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Unpopular or exotic pairs are the one which comes up with low liquidity, hence they could be risky and that is why they are not recommended options for new traders.

There are still other ways to make money with these pairs. I mean they are there for a reason.


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#76
Sininfinity

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There are still other ways to make money with these pairs. I mean they are there for a reason.

 

Long term trend trading is one of those methods which people with good fundamental knowledge and resources use. I personally don't go beyond major currency pairs.


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#77
uncle gober

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because indeed traders should be able to be more maximal in conducting good training and learning so that they can improve existing trading skills and can be maximized well when traders plunge into real accounts.


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#78
Namu

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we can learn from the mistakes we have made. thus becoming an evaluation material for us going forward too. the more we can survive in forex trading, of course we can analyze the market well and get the desired profit


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#79
uncle gober

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it is important for traders to be able to do a good evaluation, this is needed so that traders can become more leverage in improving existing trading skills and are able to make improvements to the existing trading system, so traders can maximize it in real accounts.


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#80
Sininfinity

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we can learn from the mistakes we have made. thus becoming an evaluation material for us going forward too. the more we can survive in forex trading, of course we can analyze the market well and get the desired profit

 

Mistakes are the best teachers in the forex market. What we can learn from our mistakes, we can't learn those from any book or any material online.


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