Trading Stable vs Volatile and Exotic Currencies 🍆

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Stable versus Volatile Currencies. PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! Many traders trade the major pairs like USD/JPY, GBP/USD, EUR/USD but sometimes we want to spread our wings across some of the more volatile pairs. So what’s the difference between the stable and the volatile currencies. How can we tell the difference? What are the best currency pairs to trade?

Stable
– Diversified goods/services
– Low inflation
– Stable trade
– Stable government
– USD, EUR, GBP, JPY, NOK, SEK, HKD, CHF

Volatile
– Policy interference
– BRL, RUB, MXN, ARS

Traders
– Wider Stops – you really need to use wider stops with exotic currency pairs.
– Higher spread charges – it will cost you a lot more to trade and the liquidity in the underlying is less. As such you will probably want to reduce your position size.