What is the best Currency pair to start with...?

[forexgain]

What is the best currency pair to start forex trading with. I am in the US. I am just starting out and don't want to mess up badly. Thanks for any advice..[IMG]http://************.info/img/K/1.gif[/IMG]

[T-rex]

I guess the most common to begin would be EURUSD. Trading that pair I got to understand the basic tools as sl and tp. When I got to fully understand I tried some other pairs.

[Reealjrd]

In my opinion there are two currency pairs you can start with one is EUR/USD and the other is GBP/USD. I thing these are the better pairs to start with.

[forexgain]

Ok thanks will try the USD/Euro.

How much start capital would you guys recommend to start. I would want to be able to cover my living expenses in perhaps 5 months time. If I invested 2000 to start is that reasonble to double my money every two months...? What I mean have any of you done it... [IMG]http://************.info/img/K/1.gif[/IMG]

[LL1979]

Originally Posted by forexgain

Ok thanks will try the USD/Euro.

How much start capital would you guys recommend to start. I would want to be able to cover my living expenses in perhaps 5 months time. If I invested 2000 to start is that reasonble to double my money every two months...? What I mean have any of you done it... [IMG]http://************.info/img/K/1.gif[/IMG]

i would like to recommend you to sort out the lines below before trading in real life:

• what indicators to use
• what tradingsystem to use
• what timeframe to use
• account size leverage
• moneymanagement
• trade a demo account on the metatrader platform

After a succesfull trading period you go live but don 't expect doubling your money in 2 months time, be reasonable and aim for 10%.

[nathalyreed]

Originally Posted by forexgain

Ok thanks will try the USD/Euro.

How much start capital would you guys recommend to start. I would want to be able to cover my living expenses in perhaps 5 months time. If I invested 2000 to start is that reasonble to double my money every two months...? What I mean have any of you done it... [IMG]http://************.info/img/K/1.gif[/IMG]

That is a good election, I chose the same pair and I´ve learn loads, part of my strategy is to specialize on that pair, I think it make easier my process than trading and analyzing more pairs movements.

[trader456]

Originally Posted by forexgain

What is the best currency pair to start forex trading with. I am in the US. I am just starting out and don't want to mess up badly. Thanks for any advice..[IMG]http://************.info/img/K/1.gif[/IMG]

I would advise you to trade USDJPY for a start. Use only MACD and Parabolic to track this currency pairs. You will see good results!

[Reealjrd]

Euro//USD because it is relatively less volatile and it is definitely easy to understand its movements.

[SecheKrate]

Originally Posted by Reealjrd

Euro//USD because it is relatively less volatile and it is definitely easy to understand its movements.

Absolutely agree. This is a great pair for a beginner.

[skyblue]

EUR/USD is definitely good to start with. You can understand. It broke resistance level today and is holding at 1.4042