Best pair to trade IQ Option
Each pair can be opened on the one screen to work with their indicators.
Many experienced and novice traders use currency pairs for the working with asset. Such assets and work with them are easier than trading on the Forex.
There are four main advantages of choosing currency pairs:
- Access to the world financial market;
- Management of risks;
- The ability to trade in different currencies around the clock.
The currency pair is your personal choice, which should be based not only on some advantages. Try how it works on your demo account first.
Also, it depends on what time the trader will trade. For each IQ Options best currency pair to trade, there are several useful tips:
GRP / JPY
The currency pair GBP JPY is based on the British Pound Sterling, which is the base currency and is bought with the Japanese Yen. The main indicators to watch when trading on GBP/JPY can be found in the financial news calendar. You should pay attention only to the most important news, and keep an eye on the rest.
USD / JPY and USD / CHF
USD/JPY is the most traded currency pair in the Forex market. The pair is considered to be very liquid, as the Yen is one of the major reserve currencies in the world.
USD/CHF is a currency pair consisting of the U.S. Dollar and the Swiss Franc. In the slang of the traders this pair is also known as "Swissy". This pair is one of the most traded currencies in the market and is the world's reserve currency.
EUR / USD
According to many traders, this is the best currency pair for trading IQ Options. Almost half of all trade speculations on the currency market are based on this pair. The main features of this trading symbol are high volatility and liquidity.
AUD / USD and USD / CAD
AUD is the main currency in this pair, while USD is a secondary or quoted currency. The value of the asset increases when the AUD is rising or when the USD is falling. Accordingly, when AUD falls and USD rises, the asset loses in value. This is the basic information that every currency trader needs to know about this pair.
Currency pair USD / CAD is the rate of the Canadian dollar against the U.S. dollar at the foreign exchange market. The pair is among the ten most popular trading instruments - it accounts for about 10% of total trading volume.
GBP / USD
According to some estimations, this currency pair accounts for 12% to 17% of the total trading volume on the foreign exchange market. The British pound is considered by many to be one of the most aggressive currencies on the financial market, and it is this currency that allows high volatility in the GBP/USD pair.
Pairs EUR / USD and the GBP / USD are the most popular among beginners, so first you need to focus your attention on this. A little later you can take another currency pair to try each of them and choose something suitable for your. Many experienced traders advise to invest a small amount of money in such transactions. If your strategy will work with one pair, then you will try it with the other one.