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Trading All Currency pairs

Philip Omeh (ophili)
Sep 30 2014 at 20:44
37 posts
Some Forex traders often says that its better to concentrate to one or two specific pairs, but from my own 5 years experience, I look at almost all currency pairs and choose some trades to place, I think its better for me, perhaps because I am more of a swing trader, but it may not be favorable to intraday traders.
Share your opinions
kanon103
Oct 03 2014 at 15:55
99 posts
considering spreads.i like majors are better
EURUSD only cost 0.5 spreads for my broker
TLCLife
Oct 04 2014 at 08:24
26 posts
I wouldn't trade on all trade pairs, every pair has different spreads, conditions and it must be researched separately. So it's up to you if you wanna do all that work.
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anbrosius
Oct 04 2014 at 15:23
6 posts
😉 good,logic and more win chance sry for my english
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Philip Omeh (ophili)
Oct 06 2014 at 15:09
37 posts
kanon103 posted:
considering spreads.i like majors are better
EURUSD only cost 0.5 spreads for my broker

What type of trader are you?, perhaps scalper or day trader i guess, that's only when its not advice-able, it also depend on the broker
Philip Omeh (ophili)
Oct 06 2014 at 15:11
37 posts
TLCLife posted:
I wouldn't trade on all trade pairs, every pair has different spreads, conditions and it must be researched separately. So it's up to you if you wanna do all that work.

It is true that every pair has different spread, but concerning trading conditions, their are trading strategies that works for almost all pairs, unless few non volatile and rough pair like eur/chf, and few others
kanon103
Oct 07 2014 at 07:21
99 posts
ophili posted:
kanon103 posted:
considering spreads.i like majors are better
EURUSD only cost 0.5 spreads for my broker

What type of trader are you?, perhaps scalper or day trader i guess, that's only when its not advice-able, it also depend on the broker

yes im day trader and my strategy is close baskets so spread does matter to me.

i do 3000+ trades a month so if you do the math. you will see how much extra your paying for spread. if the differences is 1 pips thats 3000 USD paid to broker.

but that is kinda off the topic. what i trying to say is. if you can make money on EURUSD with lower spread. why would you trade on EURXXX with higher spread? i mean unless you have reason for it.

i do trade EURAUD or EURNZD sometimes but the most i interesting to trade on still EURUSD.

but everyone has their trading style. if you can make pips from all pairs , why would you care about what people says?
alexforex007
Oct 07 2014 at 23:29
775 posts
I think that one could analyze all currency pairs, but to open positions on all currency pairs is rather difficult not to say that you need a very large account to do that. very time consuming.
Philip Omeh (ophili)
Oct 10 2014 at 15:58
37 posts
alexforex007 posted:
I think that one could analyze all currency pairs, but to open positions on all currency pairs is rather difficult not to say that you need a very large account to do that. very time consuming.

You are right, to open positions on all pairs at a time is not advice-able
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