There are numerous forex pairs to choose from when day trading. While all of them have the potential to be profitable, some are more suited for this type of trading than others. In this blog post, we’ll look at the best forex pairs for day trading and explain why each is a good choice. So, if you’re looking to get started in day trading, be sure to read on!
The EUR/USD
The EUR/USD is the most traded currency pair in the world, and for a good reason. It is highly liquid, has tight spreads, and is very volatile. This makes it an ideal choice for day traders who want to make quick profits.
The GBP/USD
GBP/USD is another popular choice for day traders. Like the EUR/USD, it is highly liquid and has tight spreads. However, it is even more volatile than the EUR/USD, which makes it an even better choice for those looking to make quick profits.
The USD/JPY
The USD/JPY is a less popular choice for day traders, but it can still be profitable. This currency pair is less volatile than the EUR/USD or the GBP/USD, but it is more liquid. This makes it a good choice for those who want to make slow and steady profits.
The USD/CHF
The USD/CHF is not as frequently traded as the other pairs on this list. Nevertheless, it can be profitable for day traders. This currency pair has slim spreads and is highly liquid but does not fluctuate as much as the others couples do.
The AUD/USD
The AUD/USD is a currency pair that’s great for day trading. It has low spreads and is very liquid, but it’s also more volatile than the USD/CHF. That makes it better for people who want to make fast profits.
The USD/CAD
The USD/CAD is an under-the-radar currency pairing that isn’t as widely bought as the others on this list. Day traders might still find it profitable. The spreads on this currency pair are tight and pretty liquid, but it is not as volatile as the other pairs on this list.
The NZD/USD
The NZD/USD is another forex pair on our list of the most acceptable currency pairs for day trading. It’s more volatile than the USD/CHF, making it a better choice for people looking to make fast money.
The USD/INR
The USD/INR is a less popular choice for day traders, but it can still be profitable. This currency pair has tight spreads and is very liquid, but it is not as volatile as the other pairs on this list.
The USD/TRY
Although not as frequently traded as some other currency pairs, the USD/TRY can still be profitable for day traders. This pair has comparatively tight spreads and high liquidity but is not as volatile as others on this list.
The EUR/JPY
The EUR/JPY is another currency pair on our list of the best forex pairs for day trading. It’s similarly liquid and has minimal spreads as the EUR/USD. However, it’s even more volatile than the EUR/USD, making it a better option for those wanting to make fast money.
The GBP/JPY
The GBP/JPY is a lesser-known currency pair that isn’t traded in the same volume as the others on this list. Day traders can still profit from it, albeit to a lesser degree. This currency pair has narrow spreads and is highly liquid, but it isn’t as wild as the other pairs on this list.
The CHF/JPY
The CHF/JPY is another forex pairing on our list of the best trading currency pairs. It has narrow spreads and is readily available, similar to the USD/CHF. It is more volatile than the USD/CHF, making it a better choice for individuals seeking to make fast money.
The CAD/JPY
Another currency pair that isn’t as well known as the others on this list is the CAD/JPY. Day traders can still make money with it, albeit not to the same extent as some of the other pairs on this list. This currency pair has tight spreads and is very liquid, although it isn’t as volatile as the other pairs on this list.
The AUD/JPY
The AUD/JPY is a top pick for currency pairs to day trade. Just like the AUD/USD, it is more volatile than other options, which makes it ideal for those looking to make a quick profit.
The NZD/JPY
The NZD/JPY is not as widely traded profitably by day traders as some other currency pairs; however, it can still be done. This pair has minimal bid-ask spreads and high volume levels of transactions (liquidity), but its price doesn’t fluctuate as much as others on this list.
The USD/MXN
The USD/MXN is another forex pair that is highly regarded among traders. It has narrow spreads and is very liquid, but it isn’t as unpredictable as the other pairs on this list.
The EUR/GBP
The EUR/GBP is another currency pair that is not as widely traded as the others on this list. However, it can still be profitable for day traders. This currency pair has tight spreads and is very liquid, but it is not as volatile as the other pairs on this list.
