If you could only trade one forex pair for life, which one would you choose

General
1

I’m curious, if you could trade just one forex pair for the rest of your life, what would your choice be?

Here are some major options:

EUR/USD

GBP/USD

USD/JPY

NZD/USD

CAD/USD

Or do you have a favorite that isn’t listed?

2

I’d go with USDJPY. I really enjoy trending and swing trades.

3

Dakota said:
I’d go with USDJPY. I really enjoy trending and swing trades.

Do you base your trades on news or just technical analysis?

4

Corey said:

Dakota said:
I’d go with USDJPY. I really enjoy trending and swing trades.

Do you base your trades on news or just technical analysis?

I usually check the numbers from the economic calendar and then seek confirmation on the charts.

5

Dakota said:
I’d go with USDJPY. I really enjoy trending and swing trades.

I agree. In my experience, it’s much easier to find a consistent strategy with USD/JPY than with something like EUR/USD. The downside is that spreads can be a bit higher.

6

@Adair
Really? High spreads on USDJPY, one of the most liquid FX pairs?

7

Tate said:
@Adair
Really? High spreads on USDJPY, one of the most liquid FX pairs?

For my broker Oanda, it’s often around 4 pips for USDJPY and 2 pips for EURUSD. It’s not a huge difference, but it can matter depending on your strategy.

8

@Adair
That sounds outrageously high for both pairs. Even in the 90s, EURUSD had a spread of just 1 pip. There are many good brokers like Pepperstone, FX Pro, and IC Markets with spreads like 0.1 pip for EURUSD.

9

@Tate
That’s true, it can vary. It’s not always at 2 and 4.

You can definitely find brokers with lower spreads.

10

I started with a few and ended back with EUR/USD. Quit listening to all that smart money talk. The EU might be slow, but I believe it has the most stable price action.

11

Peyton said:
I started with a few and ended back with EUR/USD. Quit listening to all that smart money talk. The EU might be slow, but I believe it has the most stable price action.

GBP/EUR for both of you then.

12

Peyton said:
I started with a few and ended back with EUR/USD. Quit listening to all that smart money talk. The EU might be slow, but I believe it has the most stable price action.

I prefer the British pound over the Euro.

13

I choose USDJPY. Its level of volatility suits me well.

14

Shay said:
I choose USDJPY. Its level of volatility suits me well.

I like USDJPY too. Actually, I focus on most of the JPY pairs since they have positive correlations. Lately, I’ve been concentrating on GBPJPY.

15

Shay said:
I choose USDJPY. Its level of volatility suits me well.

Me too.

16

Shay said:
I choose USDJPY. Its level of volatility suits me well.

Let’s talk about it! :fire:

17

I’d go with XAUUSD.

18

Jules said:
I’d go with XAUUSD.

That’s the way to go.

19

Jules said:
I’d go with XAUUSD.

Nah man, forget gold.

20

Luca said:

Jules said:
I’d go with XAUUSD.

Nah man, forget gold.

:joy::joy: