Which Forex Pairs Are The Best To Trade?


The U.S. dollar is mixed as it gained against the euro, Swiss franc, New Zealand dollar and Japanese yen, but lost ground against the CAD, GBP and AUD. Political risk continues to impact markets as U.S. uncertainty, the official triggering of Brexit and the upcoming French elections make investors anxious even as energy markets rebound thanks to a possible extension to the Organization of the Petroleum Exporting Countries (OPEC) production cut deal. On the diplomatic front, Chinese President Xi Jinping will visit the United States and is scheduled to meet U.S. President Donald Trump for the first in-person meeting on April 6-7. Balance of trade levels and trends: The trade flow between countries illustrates the demand for goods and services, which in turn indicates demand for a country's currency to conduct trade. Surpluses and deficits in trade of goods and services reflect the competitiveness of a nation's economy. For example, trade deficits may have a negative impact on a nation's currency.

The U.S. currency was involved in 87.6% of transactions, followed by the euro (31.3%), the yen (21.6%), and sterling (12.8%) (see table ). Volume percentages for all individual currencies should add up to 200%, as each transaction involves two currencies.

A lot of Traders have turn out to be extremely wealthy Trading in the Forex Marketplace. And, many people who trade in the Forex Marketplace on a daily basis have found a great way to replace their day jobs. Some even became millionaires almost overnight by just Trading in this economic Marketplace.

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For example, we sell�one contract AUD/USD at a price of 0.73700. After some time the market moves in our direction and is trading at 0.73200. We decide to take our profits and close the position. The profit made will be: 0.73700 - 0.73200 = 50 pips (1 lot = USD10 per pip); therefore, the total profit�is 50 x 10 = USD500.
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