Sininfinity Posted August 8, 2017 Share Posted August 8, 2017 Why do you want to support unpopular pairs? I think that popular pairs are more profitable than unpopular pairs, the rate of success is bigger with popular pairs rather than unpopular one, there are more indicators which support popular pairs, and so on. Just because you can be a market maker doesn't mean it is good to you. Well most traders prefer popular pairs. But there are people who can see things which others can't see. They trade and support unpopular pairs because they can take profit out of them. Otherwise why would they bother giving larger spreads on those pairs? And also if they were not on demand then brokers would not have offered them as well. Quote Link to comment Share on other sites More sharing options...
myregister Posted August 9, 2017 Share Posted August 9, 2017 Well most traders prefer popular pairs. But there are people who can see things which others can't see. They trade and support unpopular pairs because they can take profit out of them. Otherwise why would they bother giving larger spreads on those pairs? And also if they were not on demand then brokers would not have offered them as well. Well, popular pairs, of course, is the most popular one which people love to take. There is higher liquidity there thus guarantee the chance of price movement especially for traders who need a huge momentum. Unpopular pairs are without any advantage, a trader with bigger capital could be a market maker, where they are the one who influenced the price. Quote Link to comment Share on other sites More sharing options...
aliforex Posted August 9, 2017 Share Posted August 9, 2017 Well, popular pairs, of course, is the most popular one which people love to take. There is higher liquidity there thus guarantee the chance of price movement especially for traders who need a huge momentum. Unpopular pairs are without any advantage, a trader with bigger capital could be a market maker, where they are the one who influenced the price. We should be able to understand every what we sell or buy at a price that can make us more fortunate, because it must be our understanding of the understanding and understand well in order to put our capital well Quote Link to comment Share on other sites More sharing options...
pepy Posted August 10, 2017 Share Posted August 10, 2017 Well most traders prefer popular pairs. But there are people who can see things which others can't see. They trade and support unpopular pairs because they can take profit out of them. Otherwise why would they bother giving larger spreads on those pairs? And also if they were not on demand then brokers would not have offered them as well. No matter what is the reason behind using that pair the last thing we are all looking for is money. I am sure the profit they are looking for is bigger compared to those wide spreads. I also think that since the liquidity is pretty much low, it will be easier for someone to become a market maker and drive the price to one point faster. Quote Link to comment Share on other sites More sharing options...
Sininfinity Posted August 15, 2017 Share Posted August 15, 2017 Well, popular pairs, of course, is the most popular one which people love to take. There is higher liquidity there thus guarantee the chance of price movement especially for traders who need a huge momentum. Unpopular pairs are without any advantage, a trader with bigger capital could be a market maker, where they are the one who influenced the price. Unpopular pairs also have their advantages. Otherwise they would not be in the market. But the problem with those pairs are that they are vulnerable to spikes. And a spike can cost a trader a lot. So expertise is needed to trade those pairs. Quote Link to comment Share on other sites More sharing options...
Dion Ebrahim Posted August 15, 2017 Share Posted August 15, 2017 I find this entirely personal choice because it’s down to our skills, as if we are capable than there is nothing wrong in working on more instruments. However, if we are inexperienced then we could be at better zone by sticking to our strength and fewer options. I keep my options open and that helps me gain maximum in any situation. It’s a lot simpler with the conditions I have been given by OctaFX broker. I love it with their ECN account which can be opened with as low as 20 USD and comes with little manipulations. Quote Link to comment Share on other sites More sharing options...
aliforex Posted August 16, 2017 Share Posted August 16, 2017 I find this entirely personal choice because it’s down to our skills, as if we are capable than there is nothing wrong in working on more instruments. However, if we are inexperienced then we could be at better zone by sticking to our strength and fewer options. I keep my options open and that helps me gain maximum in any situation. It’s a lot simpler with the conditions I have been given by OctaFX broker. I love it with their ECN account which can be opened with as low as 20 USD and comes with little manipulations. So the success and profit of a trader is one of the traits that we must know, that kind of thanks to the abilities and efforts we ktia do, so do not forget that the first thing we have to do is to learn and try so that our ability to maximize and understand Quote Link to comment Share on other sites More sharing options...
sakura Posted August 16, 2017 Share Posted August 16, 2017 So the success and profit of a trader is one of the traits that we must know, that kind of thanks to the abilities and efforts we ktia do, so do not forget that the first thing we have to do is to learn and try so that our ability to maximize and understand Success is not an instant for us to run, but success is necessary to always do in sacrifice and also struggle in learning. All successful investors and traders in the Forex and CFD markets are familiar with the name FXB Trading. This is basically an online intermediary service that offers an effective type of trading base. In addition to offering such important things, it also makes it easier for merchants to succeed in the trading market as it supplies some strategic and speculative tools that are not easily found elsewhere on the internet. Quote Link to comment Share on other sites More sharing options...
tauf Posted August 26, 2017 Share Posted August 26, 2017 Basically don't pick the pair are popular because of the wide spread, with the condition can be a trader not weld trading at unpopular pair Quote Link to comment Share on other sites More sharing options...
myregister Posted August 27, 2017 Share Posted August 27, 2017 It is so funny, pick the unpopular pairs because it doesn't have wide spread. In fact, popular pairs which have low spread in most conditions while the one that has wide spread is actually unpopular pairs. Popular pairs are good for traders who are still newbies or want to trade in a safe way rather than confused with how to make the profit with unpopular pairs. Quote Link to comment Share on other sites More sharing options...
aliforex Posted August 28, 2017 Share Posted August 28, 2017 It is so funny, pick the unpopular pairs because it doesn't have wide spread. In fact, popular pairs which have low spread in most conditions while the one that has wide spread is actually unpopular pairs. Popular pairs are good for traders who are still newbies or want to trade in a safe way rather than confused with how to make the profit with unpopular pairs. Being a trader is sometimes difficult in choosing a broker well, because now many brokers who do cheating, and we should be able to choose a broker who can guide and also guide us become one of the reliable traders and also achieve easy profits Quote Link to comment Share on other sites More sharing options...
myregister Posted August 30, 2017 Share Posted August 30, 2017 Unpopular pairs and what you said above doesn't even have any correlation and how can it be like that? Even with popular pairs still, there are a lot of manipulative brokers out there. Unpopular pairs lack of liquidity and the reason why it has big spread compared to popular pairs and this is why people seem to think twice about it. Quote Link to comment Share on other sites More sharing options...
pepy Posted September 3, 2017 Share Posted September 3, 2017 Unpopular pairs and what you said above doesn't even have any correlation and how can it be like that? Even with popular pairs still, there are a lot of manipulative brokers out there. Unpopular pairs lack of liquidity and the reason why it has big spread compared to popular pairs and this is why people seem to think twice about it. So the only reason is that? Well, there is one important note to make, an exotic currency pair could move hundred or even thousand pips and then stop. Why? Because only a small number of banks trade these exotics, so once a move starts, it continues and rumbles next. That big volatility is not really like what you can see in major pairs. Quote Link to comment Share on other sites More sharing options...
raniya Posted September 10, 2017 Share Posted September 10, 2017 Any pairs we use for trading, as long as we understand market movement, We also can earn profit. Trader can choose it. But also still not try to trade in other pairs, except EURUSD GBPUSD, USDJPY in FXB Trading Quote Link to comment Share on other sites More sharing options...
Gee Dee Posted June 2, 2018 Share Posted June 2, 2018 Trading is somehow not so easy task today. Forex trading is not only exchanging one currency for other currency. Traders can't ensure profitable journey from random trade executions. Rather traders will require thinking about proper analysis; they should consider the spread; potential pips; flexibility to trade; liquidity potential of the currencies, etc. When we try to trade with uncommon pairs we face the problem of high uncertainty along with higher spread. Quote Link to comment Share on other sites More sharing options...
uncle gober Posted August 2, 2018 Share Posted August 2, 2018 that is why traders must be able to have sufficient trading skills, so that traders can become more maximal in carrying out trading activities, and be able to be able to get more leverage in holding real accounts. Quote Link to comment Share on other sites More sharing options...
Sininfinity Posted August 8, 2018 Share Posted August 8, 2018 Currency pairs other than the majors are less popular. But I don't see a good idea to discourage anyone from trading those pairs. I myself don't trade exotics but there are people who can see opportunity in them and can get a decent amount of pips from them. If they can then why not. Quote Link to comment Share on other sites More sharing options...
uncle gober Posted August 9, 2018 Share Posted August 9, 2018 traders must be able to understand first before actually going to carry out existing trading activities by generating profits that are in line with expectations when trading, so that traders can be more comfortable in carrying out trading activities on real accounts. Quote Link to comment Share on other sites More sharing options...
moneyrig Posted November 26, 2018 Share Posted November 26, 2018 Your advice is applicable to scalpers indeed. The fact that the spread is high does not mean it is a bad pair to trade generally. With a good strategy and long term position, one can actually make good profit from trading pairs with high spreads, but good volatility. Quote Link to comment Share on other sites More sharing options...
Sininfinity Posted December 25, 2018 Share Posted December 25, 2018 Your advice is applicable to scalpers indeed. The fact that the spread is high does not mean it is a bad pair to trade generally. With a good strategy and long term position, one can actually make good profit from trading pairs with high spreads, but good volatility. Many also take advantage of trend and positive swap from exotic pairs. There are various ways to trade so people should not stop looking. Quote Link to comment Share on other sites More sharing options...
uncle gober Posted December 27, 2018 Share Posted December 27, 2018 therefore traders must be able to have good and correct analytical skills in order to be able to help traders to better see the opportunities and risks that exist in real accounts by better looking at the opportunities and risks that exist. Quote Link to comment Share on other sites More sharing options...
Namu Posted December 28, 2018 Share Posted December 28, 2018 indeed, to train a good psychological condition, you should use a real account with small capital, besides being more effective it can also minimize the losses that we might experience. Quote Link to comment Share on other sites More sharing options...
uncle gober Posted January 2, 2019 Share Posted January 2, 2019 Existing psychological conditions must indeed be considered well, this is done so that traders can get better and be more maximal in running existing trading activities more optimally than before, so the opportunity to generate profits can be even greater. Quote Link to comment Share on other sites More sharing options...
bigxy Posted January 4, 2019 Share Posted January 4, 2019 Unpopular or exotic pairs are the one which comes up with low liquidity, hence they could be risky and that is why they are not recommended options for new traders. Quote Link to comment Share on other sites More sharing options...
moneyrig Posted January 5, 2019 Share Posted January 5, 2019 Unpopular or exotic pairs are the one which comes up with low liquidity, hence they could be risky and that is why they are not recommended options for new traders. There are still other ways to make money with these pairs. I mean they are there for a reason. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.