When you're talking about what pairs to trade, knowing what you're looking for is key. Without a specific goal in mind, there is no best pair. Apiary Fund reviews strategies for a wide range of different types of trading, each one of those has a best pair to use it with. That pair, however, can vary depending on time of day, time of month, and overall news in the market. Finding the easiest currency pair to trade will greatly depend on what you want to get out of the markets.
When it comes to pairs to trade, the Euro/USD is almost always at the top of traders lists. This pair is the most widely traded on the FOREX market and offers a great way into the markets. The EUR/USD commonly follows chart patterns extremely well, and being two of the strongest currencies, their stability makes it so large variations that could result in major loss doesn’t happen too rapidly. This is a key reason that the Euro/dollar combination is one of the most reviewed Apiary Fund pairs and one of the easiest currency pairs to trade. While a lot of news goes on in these two markets, they're can hold position while still giving sufficient movement to profit on long term trades and short-term trades alike.
If a bit more movement is what you strive for in your trading, reviewing the GBP inclusive pairs may be more your style. The GBP has been frequent in the news with Teresa May talking o stepping down earlier this year and BREXIT negotiations going all over the board. While these events bring in high movements into the Great British markets, the Pound is still a major pair allowing it the market conditions to be able to place confidence in direction while taking advantage of large movements. Just as was the case with the Euro and the Dollar, the Pound and the Dollar offer movements suitable for long and short-term traders to have high confidence of direction without some of the additional risk seen in more exotic moving pairs.
Now, if trends for longer term trading isn’t your top priority and you are more so looking at a trading strategy concerned with scalping, the easiest pairs, depending on the type of scalping you are looking at, are those with smaller spreads. Pairs like the EUR/USD and USD/JPY have consistently small spreads and can be adequately used in scalping setups. This is especially the case when trading on Alveo since Apiary Fund reviews many LPs and finds those with the spreads making both the Euro and the Japanese Yen trade with around a 0.1 to 0.3 pip spread. These are ideal levels for setups where you are going for two to four pips in your setup.
Finding the easiest currency pair to trade is a lot like Picking a Favorite Market to Trade. You really have to know what you are looking to do. If you want to make 120 pips in a trade, something like the GBP/NZD or the GBP/CAD will be the easiest to trade while the EUR/USD or similar pairs will make trading a lot more difficult. You want to be able to review the market to see if it will fit your conditions, otherwise, you won’t win like you want to. Easy is a relative term and should not be looked at as a set idea that everyone has. Know what you want and work with it. A quote commonly attributed to Albert Einstein (with no backing to prove) states this fact well: “Everyone is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid.” What is easy for you, won’t be for your trade partner. Don’t think your shortcomings where they excel means you are a bad trader; it just means that isn’t your best pair to work with.