Best Forex Pairs for Day Trading?

[Best Forex Pairs for Day Trading?]

That is a good spread - though I wonder if it is just occasionally there -- does it average 2.7 or does it range from x to y pips? That would be what matters most -- at any rate, if you can get the spread to stay narrow throughout trading on any pair that brings it more into the realm of daytrading even though I still think more people would be successful with forex if they didn't focus on daytrading as much.

 

MMS

 

Avg 2.5 to 3.8 depending on liquidity. 1 minute pre/post news it really jumps.

I have been using them just over 5 years now.

[Best Forex Pairs for Day Trading?]

Thanks for suggestions/input.

 

My thoughts on the GJ though is the spread is too high to successfully daytrade as a pair you'd use everyday. Of course would depend on the targets/stops used but I hate being in the whole 7 pips let's say before the trade is a second old. Even if you use targets like 30 or 40 pips on a day trade you are giving back 7 of those so you need an above average win/loss percentage to compensate for that on every trade I think.

 

MMS

 

As I type this my spread on GBP/JPY is 2.7, no commission.

 

Chris

[Best Forex Pairs for Day Trading?]

Thanks for suggestions/input.

 

My thoughts on the GJ though is the spread is too high to successfully daytrade as a pair you'd use everyday. Of course would depend on the targets/stops used but I hate being in the whole 7 pips let's say before the trade is a second old. Even if you use targets like 30 or 40 pips on a day trade you are giving back 7 of those so you need an above average win/loss percentage to compensate for that on every trade I think.

 

MMS

 

As I type this I have 2.6 spread on G/J. Non ECN, no commissions.