To choose a pair, first of all, you need to get a basic idea about all the major, cross, minor pairs. So, how many pips each pair moves on average, how many pips per pair spread, whether the pair's movement is conventional or spike, and how it moves during the news. Considering these factors, you can choose two or three pairs that adjust to your balance. In this case, if you want to trade in a slow-moving pair then EUR/CHF, EUR/GBP would be good, just like if you want to trade in a fast-moving pair then GBP/NZD, suitable for GBP/JPY, EUR/JPY. If you prefer to trade in a spike pair you can choose EUR/USD, on the other hand, if you want to trade in a trendy pair you can choose AUD/USD or NZD/USD.

Selecting the best pairs for trading is a crucial aspect of successful trading strategies. Traders often employ a variety of techniques to identify pairs that offer optimal opportunities for profit. One common approach is through correlation analysis, where traders assess the historical price movements of different assets to determine how closely they are related. Pairs with a high positive correlation may move in tandem, providing fewer diversification benefits, while pairs with a negative correlation might offer better risk mitigation.

Additionally, traders often consider fundamental factors such as economic indicators, interest rates, and geopolitical events that could impact the performance of specific assets. Technical analysis, involving the study of charts, patterns, and indicators, is another popular method to identify potential trading pairs. The volatility of assets is also a crucial factor, as high volatility can present both opportunities and risks. Ultimately, a well-rounded approach that combines various analytical methods can aid traders in selecting pairs that align with their risk tolerance and financial goals.