For a new forex trader, finding the best currency pair to trade can feel overwhelming. With dozens of options available, it is important to start simple and build gradually. The first step is to focus on major pairs such as EUR/USD, GBP/USD, or USD/JPY. These pairs have high liquidity, tighter spreads, and abundant market information, making them easier to analyse and less volatile compared to exotic currencies.

A beginner should also consider their trading style. For instance, if they prefer short-term trades, pairs with consistent intraday movements like EUR/USD may suit them. On the other hand, someone interested in long-term positions might look for pairs influenced by economic fundamentals, such as AUD/USD or USD/CAD.

Another factor is the time zone. Trading during the most active hours of a currency’s session can increase opportunities. For example, a trader in Asia might find pairs involving JPY or AUD more convenient to follow, while a European trader may naturally gravitate towards EUR-related pairs.

It’s also important to test different pairs through a demo account. By practising in a risk-free environment, a newbie can see how various pairs behave and which ones align with their comfort level. Finally, they should avoid overloading themselves by sticking to one or two pairs at first. Over time, with experience and confidence, expanding to more pairs will feel natural.