EUR/USD - most popular pair with the lowest spread. This pair is an ideal choice for beginners, since it responds quite well to basic technical studies and rules, which traders learn in the beginning. EUR/USD is not too volatile under normal market conditions and, thus, can be traded safely with lesser risks and closer stops.
From the fundamental point of view EUR/USD gets lots of global economic coverage, it is an easy to follow and monitor pair.
USD/JPY is another good currency pair. It often has the same low spread as EUR/USD, which makes it attractive to investors. USD/JPY pair features much smoother trends, comparing to other pairs; this makes trading USD/JPY during trends a real joy, not to mention the fact of earning profits alongside.
The behavior (trend) of USD/JPY pair can also easily be compared/verified with other /JPY pairs, for example, EUR/JPY, CAD/JPY or GBP/JPY.
GBP/USD - this currency pair likes large moves, it is able to bring more pips in one simple move than EUR/USD or USD/JPY. It is a pair often used for breakout trading. However, the risks here rise proportional to profit opportunities. GBP/USD requires further away placed stops. It belongs to volatile pairs group.
There is also plenty of market research and analysis available for GBP/USD, which makes it favorable among traders.
Every trading system would behave differently with different currency pairs. Stops, Profit levels, risks - everything should be calculated and tailored individually for each pair if you are looking to get the best performance out of each trade.
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