ilmscore | Forex: What Are The Best Pairs To Trade With A SMALL Account?

Forex: What Are The Best Pairs To Trade With A SMALL Account?

Published: 2020-10-06
Status: Available | Analyzed

Predictions from this Video

Total: 4
Correct: 0
Incorrect: 0
Pending: 4
Unrated: 0
Prediction
Topic
Status
Beginner traders with small accounts should avoid currency pairs with an Average True Range (ATR) above 20 on the hourly chart.
"a good rule of thumb would be to tell yourself that you're not going to trade on a pair that has over a 20 atr if you're trading on the hourly chart"
Currency Pair Volatility
Pending
Beginner traders with small accounts should consider trading pairs like EUR/USD, CAD/CHF, and EUR/GBP due to their typically low ATR (small range).
"some of the pairs that you might think about are the euro dollar canada swiss the euro pound normally has a very small atr or small range"
Recommended Currency Pairs for Beginners
Pending
Beginner traders with small accounts should avoid trading the Pound Yen (GBP/JPY) due to its high volatility.
"pound yen is going to fall under the category of the pairs you want to avoid if you are starting out with a very small account"
Currency Pair Avoidance for Beginners
Pending
Pairs with an ATR between 20 and 30, or higher, should be avoided by beginner traders with small accounts.
"and some of the ones to avoid would be any pair with an atr above 20 up between 20 and 30 and higher that those are the types of pairs you don't want to be trading if you have a tiny account"
Currency Pair Avoidance for Beginners
Pending