Not a good idea to follow many pairs
Jan 24, 2021 at 13:12
I don't like to follow too many pairs. For my trading I just trade EURUSD and GBPUSD pairs. I comprehend these two pairs more as I have done good research on them. To me it is a smart thought to trade a couple of pairs. I figure each trader should begin with a single pair.
Member Since Jul 20, 2020
298 posts
Jan 24, 2021 at 14:50
(edited Jan 24, 2021 at 14:51)
I think it is possible to do a lot of work pair if you can use trading knowledge properly and maintain discipline with patience.
Member Since Jul 23, 2020
869 posts
Jan 24, 2021 at 17:27
Forex market offers too many pairs to trade. But it is not necessary to trade all of them, traders only need good understanding of one or two pairs to make consistent money.
Member Since Jul 23, 2020
759 posts
Jan 25, 2021 at 18:44
UweMoench posted:Those two are also my favorite pairs. I also trade with other major pairs.
I don't like to follow too many pairs. For my trading I just trade EURUSD and GBPUSD pairs. I comprehend these two pairs more as I have done good research on them. To me it is a smart thought to trade a couple of pairs. I figure each trader should begin with a single pair.
Jan 28, 2021 at 07:46
UweMoench posted:Pretty much I am agreeing with you. It is always good idea to start trading with just single pair and if that pair is not to your liking, you can always go for another pair til you find the right one.
I don't like to follow too many pairs. For my trading I just trade EURUSD and GBPUSD pairs. I comprehend these two pairs more as I have done good research on them. To me it is a smart thought to trade a couple of pairs. I figure each trader should begin with a single pair.
Member Since Jan 13, 2021
29 posts
Jan 29, 2021 at 23:19
I have 5 pairs but trade no more than 3 at a time
Chelsea Blacks (blackChelsea)
Member Since Jan 22, 2021
125 posts
Feb 01, 2021 at 12:22
forextrader777 posted:Yes I agree to you, for the beginners 2-3 major pairs would be fine.
I also think that trading too many pairs can be a bit complicated. Personally I prefer EUR/USD and USD/JPY.
lovefortrading (perryjohn765)
Member Since Sep 12, 2017
238 posts
Feb 02, 2021 at 07:52
we cannot say it is for all the cases. one can have the capability to trade on multiple pairs depending on the knowledge and keenness to work
Member Since Nov 07, 2020
34 posts
Feb 04, 2021 at 13:05
Yes!! I only trade EUR/USD and USD/JPY. The returns on these are good at times and I find them to be quite profitable. There is a lot of work that goes into the technical analysis but overall these are my go-to pairs.
Member Since Oct 26, 2020
37 posts
Feb 05, 2021 at 10:13
Malajind posted:I completely agree with you. You don’t need to trade numerous pairs in the beginning just to lose your money because you need to focus on the currency pairs while trading to make profits. It’s better to test the market with a single pair and trade more with time and experience you gain.
The forex market provides a very large opportunity for parking, but it seems to me that it is better to take the minimum volume so that your profit is good enough, with a certain practice and experience, you can and increase.
Feb 05, 2021 at 13:00
Ericdier752 posted:The simplest way to distinguish them is to see the USD. When the US dollar is not included in a particular pair, it is called a minor pair.
I keep getting confused between major and minor pairs. I know the basic difference but when I’m trading, at times I can’t figure it out.
Member Since Nov 11, 2020
31 posts
Feb 05, 2021 at 13:04
asidefellow posted:There is no particular minimum volume to trade and make profits. You must always trade what you are comfortable with. When you gain experience in the market, you get better at making your trading decisions and can make better trades.Malajind posted:I completely agree with you. You don’t need to trade numerous pairs in the beginning just to lose your money because you need to focus on the currency pairs while trading to make profits. It’s better to test the market with a single pair and trade more with time and experience you gain.
The forex market provides a very large opportunity for parking, but it seems to me that it is better to take the minimum volume so that your profit is good enough, with a certain practice and experience, you can and increase.
