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Best Currency Pairs For Forex Trading

There are two things you need to consider when you are looking for the best currency pairs for Forex traders to use. The first thing is activity and the second is systems.

1. Most Active Currency Pairs

When you are starting Forex trading you will often be advised to start out with the most traded currencies. The reason for this is that high liquidity means that your stops will more often be met without slippage.

Another reason is that costs tend to be low. A lot of people in the market creates a tighter spread, and there is also strong competition between brokers, so that means more competitive rates.

Surprisingly the floor with most activity is not in New York, but in London. Despite the fact that the US dollar is the most heavily traded currency, London beats New York for the actual large amount of trading.

This would lead you to believe that the British pound and the US dollar would be the most active set of currency traded, but they are not. Actually the Euro is more traded than the British pound. So the EUR/USD is the most heavily traded pair, even on the London trading floor.

In fact the Japanese yen also beats the pound. Globally the three most traded pairs are EUR/USD first, USD/JPY second and GBP/USD third.

2. Currency Pairs And Forex Trading Systems

The activity of the currency pairs will be the deciding factor if all other things are equal. Even though some systems may require other criteria.

If you tend to prefer automated systems, you will probably find that your software is set to work with a small number of pairs and the most active will not necessarily be the best choice. For example, you may know that the best selling Forex robot FAP Turbo is set to trade EUR/GBP and EUR/CHF.

The more active pair here is EUR/GBP, but most users have found that they get better results with EUR/CHF. In fact, many FAP Turbo users are now only trading EUR/CHF with this robot.

The truth is, that if you already have a profitable system that is designed for a certain currency pair, you should stick with it. You should not just assume that your system will work equally well with other currencies, although you can always test new pairs and theories.

If you are trying to develop a new system, and definitely if it involves scalping, you can usually get the most liquidity and trading opportunities together with the lowest costs by working with the most active Forex currency pairs.

Do you dream of making great money with Forex Trading? The way things are, especially in today's market conditions, the Foreign Exchange market isn't territory you want to try and navigate without the best information and tools at hand.

I have been involved in forex for over 6 years now. I have worked for brokers. I have traded personal funds and managed funds. I also work in the futures market (mostly trading the Emini and SPI) However. My passion is trading the foreign exchange market using automated robots.

Do's and Don'ts for Business Casual Dress in the Workplace

If your company has a casual dress code, getting dressed for work can be confusing.

How do you want to be perceived in the workplace? Chances are, whatever your job situation, you want to be perceived as a competent professional. Here are some do's and don'ts for projecting a professional image on the job.

Do:

  1.  Recognizer that every organization has a dress code, even if it's not written down. If you aren't sure about your company's dress code, look at the people above you. How does your manager dress? How do the VPs, or owners of the company dress? If you want to be promoted, dress the way they do.
  2.  Choose clothes that are flattering to your figure, and complement your coloring. Have clothes tailored to fit you -business casual clothes as well. You'll be surprised at how polished you look.
  3.  Put some thought into your business casual wardrobe. Many people spend time coordinating their business suits, but consider their business casual wardrobe to be an afterthought. Wrong. You should spend as much time, or more, on your business casual wardrobe, so you look put-together and professional.
  4.  Build a basic business casual wardrobe, starting with a few pairs of pants/skirts in dark colors that go with everything. Then it's easy to add color and pattern to personalize your look

Don't:

  1.  Don't believe that permanent press clothes do not need to be ironed. They still need to be pressed lightly.
  2.  Don't wear rubber-soled shoes or athletic shoes to the office. This is sports wear, not business casual wear. Wear leather shoes, and make sure they are in good condition.
  3.  Don't (women) consider a scrunchie to be an appropriate hair accessory for work.
  4.  Don't (men) wear white or athletic socks with dress pants. Wear dress socks that match your pants.
  5.  Don't forget to maintain hair coloring. Letting your hair grow to reveal dark or grey roots of one inch or more makes you look like you don't care about your looks. Head to the hairdresser when your roots start to show.
  6.  Don't arrive at work on business casual days without a way to upgrade your look. The simplest way is to have a jacket handy to put over a casual outfit. For men, keep an extra tie available. For women, a necklace or slightly higher heeled shoe can add polish and panache.
  7.  Don't dress to match your colleagues. Put your outfit together based on what your managers wear.

  1. Forex Trend Signals and Its Six Indications
  2. Best Currency Pairs to Trade
  3. Requirements For Acquiring A Forex Broker License
  4. RSI is the Best Trading Indicator For Beginning and Advanced Forex Traders

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