2. Listed Currency Pairs to trade - Forex Trading - video Dailymotion

Listed Currency Pairs to trade #forex #trading #gold #video #watch #foryou

Transcript

00:00hello and welcome back so if we look down at the bottom you will see all the listed

00:07currency pairs that i want you to have on your list as well so this currency pairs range from

00:14less volatile to more volatility so we're going to actually be trading these currencies

00:20and then when these fundamentals we're going to use other currency pairs to see which news

00:27release are they going to be so i've listed these currency pairs because they have less consolidation

00:35movements and then they're so clear man if you understand what i'm saying so they've they're well

00:42fitted with my strategy so this is a strategy that i use in my daily life so having to trade all the

00:50currency pairs that are listed on the market can really be stressful i understand it can really be

00:56stressful so don't try and trade all the currency pairs the concept is the same remember this is the

01:02market they're trying to confuse you so they have listed all these currency pairs all these currency

01:08pairs and what you don't notice is that there's what we call market correlation so if you were to

01:17have a look at uh one pair and a different pair but the different the slide there's a bit difference

01:25between those two which is usd so if you take a look at those you will see that the movement is more

01:32or less the same but they correlate so i haven't actually covered that topic of correlation here in

01:40this chapter but if you understand market correlation you'll understand that it's no use for you to trade

01:47all the currency pairs so i've listed all the currency pairs that are well fitted with the decade strategy

01:54they have less uh volatile volatility they have less consolidation movements and the chart is so clear

02:02for us to trade so i'll be doing some back test on this strategy on the on this uh currency pairs

02:08i'm not only going to show you that uh which currency pairs to trade but not do a back test so

02:14we're going to do a back test together after uncovering the whole strategy as a whole and how it works

02:20so we're still going to customize this chart in the next chapter so for now what's important is for

02:27you to have this uh pass listed on your meta trader platform either on your desktop or mobile so i think

02:37this is all from me and then we'll discuss the rest of how to customize this chart in the next chapter so

02:43that we can get closer to unveiling the strategy itself so this is just a recap of what we're going

02:52to uncover the good things so this strategy is a daily strategy but we're using you're going to be using

03:00m30 and h1 so it's really important for you to have this um list that pairs down there so depending on

03:10your account size i've taken that into consideration that you really cannot trade x uh gold with a 10

03:17dollar account so that's really not fair you cannot really trade us 30 with a 10 or 20 account so i've

03:24listed all the currency pairs that are well fitted with your account for an example if you have a five

03:30dollar account you can trade nzd because it's less volatile out of all the currency pairs i've noticed

03:36that this is the less volatility pair in the forex market so it's important for us to to know that

03:46all these currency pairs play a role so we're going to accommodate everyone from small accounts

03:52to large accounts so see you in the next chapter