Choosing the Best Currency Pair to Trade

There are two different ways that I choose the currency pair I choose to trade. The first method involves watching out for the economic calendar for the coming days. I usually keep an eye on the currency whose country is about to have an important announcement. If I find enough technical sentimental evidence that there will be an upward or downward trend ill complete my diamond analysis and enter a trade.

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Alternatively, another method is to look at the charts and see if you can pinpoint a specific trend or momentum that you simply cannot miss. Additionally, you can always rely on a gut feeling that you can postulate is worth analyzing. However, this is important to backup with the appropriate fundamentals, and more thorough technical and sentiment analysis.