The best pair to trade for beginners will depend on a number of factors, including their trading style, risk tolerance, and the time of day they plan to trade. However, some pairs are generally considered to be better suited for beginners due to their liquidity, low volatility, and relatively straightforward price action. Here are some of the best pairs to consider:
EUR/USD: The EUR/USD is the most heavily traded currency pair in the world and is often considered the best pair for beginners. It is highly liquid, has low volatility, and tends to have relatively straightforward price action.
USD/JPY: The USD/JPY is another popular pair for beginners, as it is also highly liquid and tends to have a stable price action. It is also influenced by the monetary policies of both the US and Japan, making it a good pair to trade for those interested in fundamental analysis.
GBP/USD: The GBP/USD can be more volatile than the EUR/USD or USD/JPY, but it is still a popular pair for beginners due to its liquidity and the fact that it is heavily traded during the London trading session.
AUD/USD: The AUD/USD is a popular pair for beginners who want to trade the Australian dollar against the US dollar. It is influenced by the commodity markets, which can make it more volatile at times, but it is still a liquid and heavily traded pair.
USD/CAD: The USD/CAD is a good pair for beginners who want to trade the Canadian dollar against the US dollar. It tends to have lower volatility than some other pairs, and it is influenced by the price of oil and other commodities.
It's important for beginners to remember that no pair is without risk, and it's important to practice proper risk management and to start with small trades as they gain experience and confidence in their trading abilities.