Hi Nial; Always good to have confirmation from the perspective of someone in a different time zone. Andrzej May 28, at 5: The next lower tier of liquidity is shared by the minor currency pairs, which include the so-called cross currency exchange rates that do not involve the U. Please Select Please select a country. Moses April 16, at 5:
These pairs are discussed in the subsequent chapters of this tutorial, along with the role of each currency in the economy of its country (and the world) and the factors affecting the currency's.
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Understanding The Forex Majors. Please enter valid Last Name. Please enter valid email. Phone Number Please fill out this field. Please Select Please select a country. Yes No Please fill out this field. For more info on how we might use your data, see our privacy notice and access policy and privacy website. Or, read more articles on DailyFX. You are subscribed to Walker England. An error occurred submitting your form. Please try again later. Talking Points Foreign exchange rates are quoted in pairs The Majors, refer to actively traded Forex currencies Major Pairs reference major currencies coupled with the USD By now you probably know that foreign exchange rates are quoted in pairs.
You can save multiple watch lists if you want. Now, the pairs that I recommend you include in your watch list are the following: This gives you 10 different currency pairs to follow, more than enough to trade with. You really should pick your favorite 4 or 5 of these and follow them very closely and master one forex trading strategy at a time , once you progress you can add all 10 currency pairs to your watch list.
Remember to stay patient and avoid over-analyzing, over-trading, and over-leveraging. Stick to these core currency pairs and master my price action trading strategies and you will be well on your way to becoming a successful Forex trader. This articles is superb it helps me not to run up n down. Only to focus on relevant pairs ,though am a newbie.
Thanks Nial, very helpful. This article has helped me cut on looking at other pairs that i didnt have to look at. Thanks Nail for this very useful article. I am a relatively new trader and your articles have helped me a lot.
I would have saved a lot of time, but it never occurred to me that somebody can give the most important things in a simple way for free. In the articles there are things as accurate as arrows in the center of the target. Very useful information that will permit me increase the trading knowledge I need. The concept of doubling the risk is something I was not aware of. Thanks for some other informative blog. Where else could I am getting that type of information written in such an ideal approach?
Hi Niail, this is another great post from you. You have tremendously helped me on my journey. I just need to make a suggestion, that you recommend a maximum of 2 Pairs for beginners and especially people who find it difficult to multi-task, from my experience trading more than 2 Pairs makes me over trade and lose focus, which can negatively affect your account.
Please include that as a warning. Thanks and keep doing the good job. I was having an amazing day until I placed a trade with that pair. Still well into profit… but its taken the icing well off the cake!!!!!! Nail, great and to the point. Is there anyway you can give me an idea of the best times or sessions to trade your recommended pairs in. Hi Nial, I have just discovered your site and it looks really good.
It is a straight talking no bull communications vehicle and I am impressed. I Best Wishes and thank you, I will be checking out your site on a regular basis.
But i dont like whipsawings at all… more reliable trend is always better for me. Thank you very much for the useful information.
I really thank you for all your help. Thank you for sharing your expertise!! What is a good pair to trade when I go long either one of the above to trade short in order to catch opportunity at the same time. I only trade 2 pairs at one time. Thank you in anticipation of your advice!! Thank you very much, your article is really one of best in providing practical information and knowledge. The articles are very enlightening!
Could you help me with risk management? I think that is fine. But i would like to know what would be a good percentage to take profit. Thank you once m! This is a good one, Nial. Great article Nial, very useful especially for beginners.
Having said that I can not find the silver and gold. I will have to go through the manual I guess: Thank you more than expected.
This is one of the best site i visited since i started my journey into the world unlimited money. Thanks for the help and I will def recommend your advise to anyone getting into trading for the first time. Wonderful, this has giving me great direction. I like to backtest my methods and this has just saved me a plethora of time. Thank you soooo much. Great explaination too- as always. Keep up the good work.
Neil I like your information a lot. I am trading for a long time now and I am all over the place with my thoughts and actions. Following your guidelines and lessons I can suddenly find even more pleasure in trading. I can see the trees from the forrest so to speak. I am 6o and you are 20 so I use your young cleverness to supplement my bit of accumulated wisdom. Planing to get your Forex Course.
Regards Hansjoerg Balzer — Brisbane Australia. Gracias Neil, como siempre tus articulos son excelentes y de gran ayuda para todos los que estamos aprendiendo. This is one of the best site I ever seen on FX trading. I am reading every one of your articals and all are excellent.
This one will stop me from jumping like Thomas said above. Keep up the good work!! Learning a lot from you videos and articals. Thanks for all your efforts. Its taken a long time to turn my thinking around that less charts mean more success, and not the other way around! Hi Nial, thanks a lot, that was a great article. I was actually begin to see the relation beetween some pairs, cross related and counter cross related, now all is clear: Hi Nial, what I can say is that you do a great job, I already started to complete my currency list, as before I was watching more than 20 at a time stupid, for a beginner.
Thank you for the great info! Its always the Truth good or bad for my ego it is the truth. So again Thank You Nial trimax. Great article for newbie but i knew most of facts specially correlation and risk doubling. But great to understand commodity currencies.
I have made list as recommended. Thanks a lot for sharing this valuable information, Thing are more clear and also interesting,And increased the chances of doing right trades … thank you Nail. I always wondered about the coralation between certain pairs. I agree with you, having opened positions both long, or both short with two positively corelated pairs would double your risk, but in the mean time it would double your profit chances as well: Just my humble opinion…..
Thanks a lot for giving us a very helpful advise on selecting the right currencies pair to trade. Thanks for this revelation. It makes a lot of sense for a trader to restrict himself to a few pairs that are not only liquid but also have some degree of predictable market pice action that will allow for simple analysis.
Thank you Nial, another great article with info. I can really use. Very happy to be your student! I was always wondering about how currencies inter-relate. Thank You Nial for taking the time to explain this aspect. Splendid again Nial, like others i anxiously await your follow up lesson. I wonder if you or any of your followers have created a flow chart of the most common basics one should be considering prior to, in and after placing a trade.
It strikes me that there is such a lot of information to grasp and understand from a holistic perspective through to identifying specific risk ration,entry, exit and money management. I am starting to prepare a flow chart for this purpose.
Thanks for all your shared wisdom. Thanks for your great articles. I am just starting out and am enjoying absorbing everything, every time I read something of your my thinking moves along — love it! Looking forward to doing your full course soon,. Hi Nial This information is hard to find all in one place so I have printed it out for reference.
I know I am watching too many currencies at once, so this has again spurred me on to reduce the number. Thank you so much Wendy. Another great an timely insight to trading,everyone has to work out in their own mind how to trade and everytime I seem to be working out something You seem to bring out an article reinforcing my theories. I did not know the euro trading volume was that high.
Also your advice on starting on daily timeframes is spot on as it helps to stop overtrading to start with and also teaches patience which I think is so Important,along with position sizing. Nial, Thank you very much for your lesson!! Waiting for the following lesson!! I am finding that on the 4 hour charts on most pairs, the best price action occurs at the 8: In my case, it would mean having to get up at 2 in the morning to make a trading decision on this pinbar.
Can you address whether or not you find the best pinbars at certain times of the day on the 4 hour chart? Hi Nail, Another great insight into forex. Anyway this confirm my watchlist. Many thanks for your commitment and support to all. Have a restful weekend. I had mess of charts I was looking at. No exotics, but far more than ten. This simplified my trading in epic proportion!
When I first started trading 2 years ago, I used to look at over 20 pairs 22 to be exact because I figured the more pairs I looked at, the more chances I had to trade and make money but the exact opposite was happening.
I was overtrading and losing money. With this bit of insight I can now concentrate on only 10 that will increase my odds of being in better trades. This article was a tremendous help Nial. Nial, thanks for writing and sharing this article. Look forward to part two as one of my big issues is the times to trade — just cant get a handle on that.
Thanks for this excellent information. Though you may not fully realize it, your efforts are really touching many lives. Thanks, I wish you well for this article today, you are very good to help others. God will always bless you. How i wish every man comming to forex trading will first learn your trading system and course before doing any thing else.
I agree with you, however, I think it is a good strategy to at least look at some of the other pairs especially when there are mixed signals with highly correlated pairs.
It helps it detecting when banks are stop hunting especially around large whole numbers. I just basically trade the Eur Usd But what are your thoughts on Gold and silver? Do you think this upward trend is still intact for some time? Nial, I have followed your E-mails for awhile, thanks for the info, it is always interesting and informative. Been Forexing for about 14 months.
Not great, but enough to start to make some money. I should retire in about 1 year, then will devote more time to Forex. Most likely will take your course before that time. It is never too late to learn. Trying to decide which indicators I like the best. I only use two indicators at a time. This is getting kind of long, so I will sign off.
Just wanted to let you know how much your info is appreciated. Have a good day. You have a beautiful country and friendly people.
Hope to visit when I retire. Just apply risk reward.. When I used to try trading it I usually ended up scratching my head with less money in my account.
I agree with you, stay away from that pair. Great article, I really needed this. One of the things I like about your articles and approach, is the level of relevancy. Can always count on you for some solid and honest advice. I just thought I will give you my favorite watch list: Nial, Thank you for your investment in us. Your forthright manner is most refreshing and your presentations are helpful and appreciated. Just revised my watch list and charts…: Indeed… i was hoping for someone to give me a better insight and consolidation of the forex markets tradable pairs!
Thank you very much Nial, I have only been looking at cable, but having had a look at some of the pairs you have suggested I can see other possibilities, thank you very much. Two quick observations, since the decoupling of the eur from the chf, and the chf becoming the preferred safe haven currency in risk averse conditions. It tends to trade a lot, consequently GbpChf,Eurchf are good pairs to trade made a lot of money on gbp chf daily chart trading.
Good on you for making those trades, well done. Am very happy for today post,i believe this one will give me another guardline to trade my demo account successfuly. Very concise and helpful information.
Thanks for your sincere desire to help us. This is what I need right now. Its amazing how easy your strategies are but only after you shared them… keep up the good work! Fantastic, practical advice Nial! Your list is very similar to mine. I am sure this article will be very useful to me in my trade! Very good insight Nial.
Hi, i got it but new trader must compute position size n different way compared to currency pairs. Thanks for a good stuff. Very good one as always. This give me a good picture of what has to be traded and what has to be avoided. Good one keep it up. Your email address will not be published.
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Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results. Checkout Nial's Professional Trading Course here. Boaz August 8, at Tejo Santoso July 9, at 9: Andrzej May 28, at 5: Eddie Exceptionals May 18, at 8: Jamal Molla May 2, at 4: Thank you for sharing its great Reply.
Esther Wain N March 6, at 9: Pointcom Fx March 4, at 7: Jimel Monroe December 26, at 6: Thank you for bringing simplisticy and clarity to my mind am no longer confuse.
SF Sharif Ahmed December 10, at 6: Brilliant idea that can help to succeed in the forex market Reply. Thanks for your information. May you live long Reply. Richardds Don November 11, at 6: Ivan Orozco October 26, at 7: Nkau August 14, at 6: It really really helpful artical.
God bless you man Reply. Fantastic explanation you are a star.
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Forex quotes for Major Currency Pairs. Realtime, continously updated quotes for a wide range of forex currency pairs, complete with charts. The currency pairs listed below are considered the “majors. These pairs all contain the U.S. dollar (USD) on one side and are the most frequently traded. The majors are the most liquid and widely traded currency pairs in the world. Key Concept: The Major Forex Currency Pairs. If you are trading Forex, even as a beginner, you will, sooner or later, come across this term called “The Majors.”.