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Old 04-02-2007, 10:29 PM
etts etts is offline
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Quote:
Originally Posted by KillerKhan
Easy currencies are usually currencies that hold trend for a long time. GBPUSD is a beast, would be a hard beast to control for a novice, its a hard beast for even the not so novice traders. Open up the charts and look at H4 charts. See which currency goes in the same general direction the longest. You will notice that AUDUSD is pretty trendy. Now take a look at GBPJPY and tell me what you see
But I dont think that a 4H chart can tell you which pair is easier and which pair is not.
If you look on 4H charts I guess you are making long term trades, so if aud/usd is pretty trending you could mistake complitly direction and enter when it turns round and be locked in for long time.

Personally I trade intraday, or 2 or 3 days maximum.

If you trade intraday you must choose a pair like gbp/usd, if you trade long term, you must make a deep work and know where the pair will be in the next weeks/months, and this is something really hard to predict.

The advantage of short term trading is that you can identify the daily or weekly trend and follow it, buy deep (on longs), sell high (on short).
In this way you minimize your risk
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