Why is this article important?
Different timeframes aren’t suited to all foreign currency pairs. It’s very important to get the marriage right for success. For some timeframes it may seem obvious which forex pairs are appropriate, but do you really know why?
In this article I explore a method for working out the relative costliness of forex pairs and provide an example using current data.
Read the article to find out how to pick the right forex pair for the timeframe.
Extract From The Article “Pairing Currencies To Timeframes”
“Forex pairs are not created equal. Some move while others slumber. Some cost a fortune to trade and others a mere dime. Some violently kill you with evil slippage while others are more kind.
This varied temperament and costliness of different forex pairs are what affect their timeframe suitability. In this article I explain why forex pairs are suitable for different timeframes.” Read more at Trader Planet http://www.traderplanet.com/articles/view/165284-pairing-currencies-to-timeframes/
There’s a handy chart summarising all popular forex pairs showing actual spread and analysis of the relative cost to trade.
Increase Your Knowledge
More information about the cost to trade and forex trading timeframes can be found in Play To Win The Forex Timeframe Game.
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About the Author: I’m Rachel Hunter, TraderRach, a Forex Trader who helps traders achieve the life they love with forex. Be strategic and design your trading business for sustainable success and have fun! That’s my mission. Join many traders’ gaining the edge with “10 Powerful Lessons for Forex Trading Success” plus other goodies. Years of precious learning specially packaged up for you. My background before trading is as a Chartered Accountant and Chief Financial Officer. I know what it takes to make a trading business rock on. It would give me great pleasure to make a difference to your success.