Traders right now might have a hard time choosing what currency pair they want to trade. Its easy to see that there is a LOT of volatility in markets, but what is the right way to take advantage of this volatility?
The right currency is different for everyone depending on your trading style. If you are a scalper, and I would recommend taking a look at www.oanda.com if you are, then you want to trade something that trends reliably, like USD/JPY. If you are more of a fundamental player, you want to take advantage of a currency like EUR/USD which might make large moves based on fundamentals, but has a lot of market "noise" in the short term.
Whether you are a swing trader, scalper, or position trader, there are currencies out there for you at any given time. Take the time to learn how each trades and you will increase the pips you take exponentially.
The right currency is different for everyone depending on your trading style. If you are a scalper, and I would recommend taking a look at www.oanda.com if you are, then you want to trade something that trends reliably, like USD/JPY. If you are more of a fundamental player, you want to take advantage of a currency like EUR/USD which might make large moves based on fundamentals, but has a lot of market "noise" in the short term.
Whether you are a swing trader, scalper, or position trader, there are currencies out there for you at any given time. Take the time to learn how each trades and you will increase the pips you take exponentially.
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