Showing posts with label yet another blog on making money. Show all posts
Showing posts with label yet another blog on making money. Show all posts

Monday, November 8, 2010

BEST CURRENCY PAIRS FOR HIGH INCOME EARNERS

Just can't remember the blog I garnered this information from by by GOD, it's a very piece of useful information:

EUR/USD - well obviousLY, there is not a single trader who does not trade this currency pair.

GBP/USD - pretty similar pair to EUR/USD however it is quicker, and the moves are about 50% bigger, 150 PIPs daily is not uncommon for this pair.

USD/JPY - quite predictible lately, notice that most of the time USD/JPY is bullish it moves slowly up, when there is a correction on this pair, it moves few hundreds pips down in just few days.

EUR/JPY - pretty much the same as USD/JPY but moves are less predictible

AUD/USD - good alternative where you have no idea where EUR/USD will go, however moves on this pair are smaller then on EUR/USD

USD/CAD - pretty predictible, mainly because CAD is highly correlated with oil price, and you know what oil price chart looks like right?

USD/CHF - very strong correlation between this pair and EUR/USD
EUR/CHF - the same as USD/JPY slowly moves up and then quickly falls down

EUR/CAD - high spread, well i do not know i just like to trade, i always find it easy to predict where will it move and how much

EUR/GBP - very slow currency pair, however sometimes spread can be low on it

EUR/AUD - this is very personal pick, i like to trade, but spread is very high so i only use it for long term trades

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