Since i started trading on forex, i've never traded on exotic pairs. I noticed that most traders also don't trade them. Now, i'm trying to find out whether these pairs have any form of advantage. I need your opinion guys.
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Advantages of exotic pairs.
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I noticed that nobody has mentioned the spreads on these exotics. So many of them will cost you a lot of money up front upon entry of the trades. This is one reason so many people don't even think about them in the first place. The other reason is that they can be way too volatile. Not worth the headache, unless you really know what you are doing and you know the specific exotic intimately (no pun intended).
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Originally posted by Mets View PostI noticed that nobody has mentioned the spreads on these exotics. So many of them will cost you a lot of money up front upon entry of the trades. This is one reason so many people don't even think about them in the first place. The other reason is that they can be way too volatile. Not worth the headache, unless you really know what you are doing and you know the specific exotic intimately (no pun intended).
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Originally posted by Kristianto View Postthe truth is alot of brokers widen the spreads for exotics due to the lack of liquidity. therefore alot of retail traders do not find it worthwhile to trade exotics. also such pairs are not as volatile sometimes can just get stuck in a tight range for weeks.
Choosing mainstream pairs is always not a bad idea. you will have sufficient information to work on.
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