We already have an article in our blog that explains that in times of instability of the US dollar, it makes sense to leave trading in majors for now. Their moderate risk level is no longer relevant. More and more traders start to think about switching to other types of trading instruments. Of course, cross-currencies become their next choice. However, today we will talk about more interesting currency pairs - exotics.
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Forex trading
The Last Guide on Trading Exotic Pairs You'll Ever Read
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Here's Why You Should Trade Cross-Currencies in 2020
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For many reasons, traders prefer to trade on major currency pairs. One of the main ones is moderate volatility on these instruments. Risk control turns out to be a more important factor for most traders whose goal is to gain consistent profits on Forex. Many experts advise taking the first steps in trading precisely in majors as these currency pairs are considered the most stable and suitable for beginners.
Forex trading
Top Reasons to Avoid Exotic Pairs on Forex
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If you ever considered trading exotic currencies, then you should read this article first. I don't urge the entire Forex community to boycott these instruments. However, you should consider all the pros and cons of trading exotic pairs before investing your money.
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All You Need to Know About Currency Pairs
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Have you ever changed money in an exchanger? Then you can say that you are already a participant in the foreign exchange market. Trading on Forex takes place online, but the principle remains the same - you sell or buy currency and exchange it for another. That’s why Forex instruments come in pairs.
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