Choosing the Best Currency Pair to Trade

Thursday, 02/10/2014 | 00:01 GMT 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

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.

About the Author: Kiana Danial
Kiana Danial
  • 7 Articles
  • 6 Followers
About the Author: Kiana Danial
CEO of Invest Diva and author of “Invest Diva’s Guide to Making Money in Forex” published by McGraw-Hill in August 2013, Kiana is a multilingual forex analyst, award-winning speaker, TV personality and entrepreneur based in New York. She holds two degrees in Electrical Engineering from universities in Japan. While in Japan, Kiana discovered that stay-at-home women in Japan with no prior economic or finance degree were making a fortune trading currencies on the foreign exchange market, or forex. She spent years studying the habits of investors and discovered the importance of education in profitable trading. This is precisely why she found InvestDiva.com the financial novice's guide to smart, safe, and profitable trading. CEO of Invest Diva and author of “Invest Diva’s Guide to Making Money in Forex” published by McGraw-Hill in August 2013, Kiana is a multilingual forex analyst, award-winning speaker, TV personality and entrepreneur based in New York. She holds two degrees in Electrical Engineering from universities in Japan. While in Japan, Kiana discovered that stay-at-home women in Japan with no prior economic or finance degree were making a fortune trading currencies on the foreign exchange market, or forex. She spent years studying the habits of investors and discovered the importance of education in profitable trading. This is precisely why she found InvestDiva.com the financial novice's guide to smart, safe, and profitable trading.
  • 7 Articles
  • 6 Followers

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