What currency pairs are your favorites when you trade on Forex? I prefer EUR/USD and GBP/JPY. The first is very popular and thus quite predictable, while GBP/JPY has a very high intraday volatility, which allows earning more pips.
I prefer to trade in major currency pairs. EUR/USD, GBP/USD and JPY/USD are my favorite pairs. I am collecting handsome amunt regularly from trading in these pairs. They facilitate me for good movement and low spread over them.
I have found that if I limit tradng to Eur/USD, USD/JPY, and GBP/USD I avoid most of the correlation that exists in the crosses thus eliminating an unwanted additonal variable makng trading decsions more accurate