Forex Scalping Strategy - Choosing Pair

Choosing Currency pair and trading times in Forex scalping strategy.

If you want to build Forex trading system especially Scalping strategy system, you need choose the right time and the right currency to trade, these factors are very important. But unfortunately there are so many foreign exchange pairs to pick and this is not a easy job to do. You need choose the currency pair that good for your trading system. Even though many Forex scalping trading system can be used for any Forex trading pair. In this article I suggest you some currency pairs that are suited for your Forex scalping trading system.

1. Major currencies
The major currency pairs are the best Forex currency pairs for scalping trading. GBPUSD, EURUSD, USDJPY, USDCHF, and AUDUSD are the most traded currencies by Forex traders in scalping system. These pairs is very stable to trade in scalping system because there are so many traded from Forex traders and retails. You can start practicing with these major currency pairs, they have fairly stable market fluctuations that are suited to the Forex traders that needs to make money. All you have to do is just choose the Forex broker who has the smallest trading spreads on the major pairs.

2. Yen Pairs
The second pairs that I want to recommend to you are the Japanese Yen pairs. This currency pair trades a very important role on their side of the Forex trading market. The power and effectiveness of the Japan's economy gives a huge factor in building the Yen currency a very effective pair in order to getting one of the smallest Forex trading interest rates of other trading currency pairs. Yen currency pairs is more active than other major currencies.

Currencies that include the Japanese Yen are traded in a other system called as Carry trade. Carry trading pairs a small interest rate pair with a big rate pair to make bigger profits. These currencies are very good for scalping trader to make their own small profits thanks to the carry forex traders contributing to their volatility. Carry trading pairs usually include the Japanese Yen or Swiss Franc.

And the currency pairs below are not good for forex scalping strategy.

3. The Guppy or the GBP/JPY

The GBP/JPY is the most active pair of Forex trading pairs. This pair can moves hundreds pips in a single day. This pair gives great reward opportunities for many Forex trader, and gives great risk also. It is very difficult to play scalping with this currency because its volatility. If you are an experienced trader you can use this trading pair in scalping but I am not recommended this pair for beginner traders or intermediate traders.