What is a currency option?
The first step in mastering the Forex currency market is knowing which currencies to trade…
Here are The Best Currencies to Trade
The G-7 or “major” currencies are, without a doubt, the best currencies to trade. These countries are the largest and most economically-advanced in the world and their currency markets are the most liquid. A huge majority of currency trading happens in the majors, so start trading these currencies first:
• U.S. Dollar
• Japanese Yen
• British Pound
• Swiss Franc
• Canadian Dollar
• Australian Dollar
Here are the Currencies to Avoid
When you’re just starting out trading currencies, don’t trade any currencies outside of the major currencies. The currencies outside the “Majors” are known as “Exotics” and they tend to crash without warning. To avoid losing a ton of money, avoid the exotics.
I still focus on the majors after years of trading. There is plenty of opportunity to make truckloads of money so you’d don’t have to aim to be “exotic” to make money.
You Can Get Your First Winning Forex Currency Trade on Your Very First Day!
Some of the trades I’ve recently recommended for my GenerateFX Trading System have been winners from the very first day. Follow the trade recommendations carefully — I put a huge amount of research and thought into this. I wouldn’t recommend it if I hadn’t.
Source: Online Success Articles
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