Understand the characteristics of the traded currencies will make you aware of how many levels of risk and the benefits that you can get from such currency or whether it matches the risk tolerance or time your trading. Here we review some popular currencies are traded often.
GBP/USD
Chart of GBP/USD is aggressive graphics of all time. Just look at the range of price movement charts is a very fast. The graph below is 1 hour charts for GBPUSD. In a matter of few hours the movement had already reached 100 points less. Fundamental news that often comes up for GBP was at 06.00 BST (medium impact) and 16.30 to 19.45 BST & High Impact. For USD i.e. at 19.30-22.00 for all categories of Medium & High Impact.
1.The average daily movements: 100-200 points
2.Stop Loss ideal Daytrader: 200 points
3.Active trading hours: 15.00-22.00 pm
4.The value per point: $ 1 (mini) or $ 10 (regular)
EUR/USD
According to some observers of the EUR/USD currency pair is more palatable than be traded GBPUSD. His movement is 3/4 GBPUSD. By adding HIGH SCHOOL 10 & 20, we can take a decision Buy & Sell. Fundamental news which often appears for the EUR is at 16.00 to 18.00 WIB & & Medium High Impact. For USD i.e. at 19.30-22.00 for all categories of Medium & High Impact.
- The average daily movements: 75-150 points
- Stop Loss ideal Daytrader: 200 points
- Active trading hours: 14.00-22.00 pm
- The value per point: $ 1 (mini) or $ 10 (regular)
AUD/USD
If you want to trade relaxed, without fear of price movement of fast-moving drastically, you can choose an alternative for AUD/USD. Movement of the AUD/USD is half of the EUR/USD or 3/4 of the GBPUSD. Stop Loss ideal Daytrader: 150 points. Fundamental news which often appear to AUD is at 07.30, 10.30 pm (interest rates) for Medium & High Impact. For USD i.e. at 19.30-22.00 for all categories of Medium & High Impact.
-Active trading hours: 07.00-22.00 pm
-The value per point: $ 1 (mini) or $ 10 (regular)
USD/CHF
Yes, by knowing movement USD go up or down, you can simply observe the movement of the USD/CHF. This graph as opposed to the movement of the GBP/USD, EUR/USD and AUD/USD. If the USD/CHF goes down then tend to occur a great ride movements of EUR/USD, GBP/USD and AUD/USD. The nature of the peace that nature is clearly visible on this pair. You also want to play relaxed, can trade on this pair. Fundamental news which often appear to CHF is on at 14.00 GMT to Medium & High Impact. For USD i.e. at 19.30-22.00 for all categories of Medium & High Impact.
-Stop Loss-ideal Daytrader: 100 points
-Take Profit: 150-200 points.
-Active Trading Hours: 14.00-22.00 pm
-Values per point: $ 0.8 (mini) or $ 8 (regular)
USD/JPY
Pairs often give shock where You need to be careful in taking the decision to Buy or Sell. Lately the Yen Japan often weakened, so You do not long open positions Sell. USD/JPY as of late February 2009, up from 93.00 to 95.00. Fundamental news hour is 12.00 am-06.50 to Japan and to the USD at 19.30-22.00 for all categories of Medium & High Impact.
-Stop Loss ideal Daytrader: 100 points
-Take Profit: 150-200 points.
-Active trading hours: 14.00-22.00 pm
-The value per point: $ 1.2 (mini) or $ 12 (regular)
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