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Choosing the Best Currency Pair to Trade

by Kiana Danial
  • There are two different ways that I choose the currency pair I choose to trade. The first method involves the economic calendar.
Choosing the Best Currency Pair to Trade
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There are two different ways that I choose the currency pair I choose to trade. The first method involves watching out for the economic calendar for the coming days. I usually keep an eye on the currency whose country is about to have an important announcement. If I find enough technical sentimental evidence that there will be an upward or downward trend ill complete my diamond analysis and enter a trade.

[embed width="500" height=“500"]https://www.youtube.com/watch?v=dUb0RplXprU[/embed]

Alternatively, another method is to look at the charts and see if you can pinpoint a specific trend or momentum that you simply cannot miss. Additionally, you can always rely on a gut feeling that you can postulate is worth analyzing. However, this is important to backup with the appropriate fundamentals, and more thorough technical and sentiment analysis.

There are two different ways that I choose the currency pair I choose to trade. The first method involves watching out for the economic calendar for the coming days. I usually keep an eye on the currency whose country is about to have an important announcement. If I find enough technical sentimental evidence that there will be an upward or downward trend ill complete my diamond analysis and enter a trade.

[embed width="500" height=“500"]https://www.youtube.com/watch?v=dUb0RplXprU[/embed]

Alternatively, another method is to look at the charts and see if you can pinpoint a specific trend or momentum that you simply cannot miss. Additionally, you can always rely on a gut feeling that you can postulate is worth analyzing. However, this is important to backup with the appropriate fundamentals, and more thorough technical and sentiment analysis.

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