When we have the capital/equity(term used in fx trading), we need to choose the pair(s) we wish to buy. Keynesian said that with the limited capital, we always try to maximize our profit. Keep that in mind, all the pairs mentioned above have different characteristic and you need to do a careful selection before touching them. Some of these are very hot and can burn your fingers easily. It is not easy to place a trade, the moment you place it, your account is already incur a loses with the spread differences. The spread can range from 2 pips to 5 pips. The 2 pips carry a big amount in your account if you highly leverage it.
I started FX by selecting USD/JPY which I thought is less volatile at that time. I was wrong. In certain events, it turns to be the most volatile pair. Now, I started to look other pairs and start playing with it. I found that every pairs offer different risk/reward concept and also very volatile in certain time frames. Anyway, if you are smart enough to time your entry, every pairs promise you the return in the long run.
A lot of my prospects asked me."Are you guarantee to make money in Forex Market?" I replied them. "Are you guarantee to make money in any business you venture in?" Trading Forex is like running a trading business, you need to know and experience every aspects in the market place to find the opportunities to make money. It is important to see the track records too before you invest in the business. It does not give you 100% to make money, but if it is more then 90%, you should consider.
