By analyzing forex market tendencies it can be more precisely said that all traders should consider the Yen and Euro. If you had to pick just one, you should be in favor of the euro. Because its position in market is much strong than other currencies.
You should always consider the Swiss Franc and British Pound - if you are trading a basket of currencies, but you should also consider the Australian and Canadian dollar.
While traders often neglect the Australian and Canadian dollar, they offer an important advantage in terms of diversification.
Diversification enable currency traders to spread risk and this can increase overall capital gains and help reduce risk and volatility.
So the result of our discussion is, with regard to best currencies start with euro and yen and add other currencies in for diversification and reduction of risk.
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