The vast majority of trading volume in the global currency market pits the U.S. dollar against other major currencies. Which currency pair should you trade? The easy answer is to view all currency pairs as essentially equivalent.
However, that simple solution overlooks the fact that different currency pairs have distinct attributes and behaviors that can be characterized as “personality traits,” and these traits have important implications for trade timing, entry and exit levels, and other aspects of trading.
Traders are likely to experience better results if they are aware of the idiosyncrasies exhibited by different currency pairs as well as understand the forces behind such traits.
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