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Not a good idea to follow many pairs
Jan 24, 2021 at 13:12
Member Since Jul 19, 2020
751 posts
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
Member Since Jul 23, 2020
869 posts
Member Since Jul 23, 2020
759 posts
Jan 25, 2021 at 18:44
Member Since Jul 23, 2020
759 posts
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
Member Since Nov 08, 2019
26 posts
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
Chelsea Blacks (blackChelsea)
Member Since Jan 22, 2021
125 posts
lovefortrading (perryjohn765)
Member Since Sep 12, 2017
238 posts
Member Since Nov 07, 2020
34 posts
Member Since Oct 26, 2020
37 posts
Feb 05, 2021 at 10:13
Member Since Oct 26, 2020
37 posts
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
Member Since Nov 06, 2020
24 posts
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
Member Since Nov 11, 2020
31 posts
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.

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