TRADABLE PAIRS

In my previous eBooks “Forex Surfing” and “Forex Scalping” I stressed the importance to you of restricting yourself to trading only the currency pairs with small pip spreads. The logic behind this was of course that by trading with such small stops (10 to 20 pips) that you need the smallest spreads to allow your trade sufficient room to bounce around within without getting stopped from just some market fluctuation/noise. Some of the trades you’ll be doing with the “Sailing” concept might use a Surfing or Scalping approach to entering the market, thus the above logic will certainly hold true for such cases. Some of the trades you’ll be engaging into with the “Sailing” concept might require substantially larger stops; say 50 to 200 pips. Because of this you may opt to trade currency pairs that have larger pip spreads as you will likely have

plenty of room within the stop range of the trade to accommodate market fluctuations/noise. Although you can trade the currency pairs that have larger spreads doesn’t mean that you necessarily should. Generally speaking, the currency pairs that have a 5 pip spread or less are the best pairs to be trading. Why trade pairs that have a larger immediate loss when you can trade pairs with lower upfront cost? Furthermore you’ll find that you’ll have less work paying attention to fewer charts rather than more, so stick with just a handful of pairs to focus your primary attention on. However if you notice a gorgeous trading opportunity setup on one of those other pairs then you may trade on it, but do so more rarely. For Sailing purposes the best currency pairs are the ones with 5 or less pip spreads. You’ll have plenty to keep you busy watching just those, and plenty of trading opportunities just from those. The best currency pair overall to be trading is EUR/USD, then GBP/USD and USD/JPY. Here is a list of currency pairs I’d consider worth watching in the order of my personal preference. EUR/USD GBP/USD USD/JPY EUR/JPY USD/CAD AUD/USD EUR/GBP NZD/USD USD/CHF EUR/CHF If all you were to focus on is just the EUR/USD then that would certainly be enough, but if you insist on paying attention to more then place your primary focus on up to just 3 additional pairs. More isn’t always better; become an expert in understanding the personalities of just a few currency pairs.