which are the best currency pairs to trade for a Forex beginner?

During the first days of Forex trading, “newbies” often try their hands on every currency pair that pleases their eyes. To most, there is no much of a difference since to them the most important thing is placing an order and closing it with at least some profits no matter how long it takes for the trade to convert into profits.

Although am sure every trader has his or her choice of currency pairs of trading, I would advise the beginners to choose those currency pairs that are commonly traded and those that have smaller spreads. The currency pairs which are traded by many traders tend to have larger movements which yield more if the trader places the right trades. Also, with small spreads, the orders opened normally turn into profits faster making it easier for scalping, the main trading strategy used by the beginners, although very few even recognize the type of trading strategy they are using.

The most traded currency pairs are normally referred to as the “majors” and they include: EURUSD, USDCHF, GBPUSD and USDJPY. From the various brokers that I have worked with, theses currency pairs have very small spreads and they also have significant market price movements which makes it also easier to identify the market trend. I believe if beginners can trade these pairs, they can end up making good profit.