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Trade few pairs
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UweMoench

Member Since Jul 19, 2020  156 posts UweMoench Nov 06 at 13:06
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.

Andronn

Member Since Jun 30, 2020  47 posts Andronn Nov 08 at 14:19
There are many strategies that allow you to trade simultaneously for different currency pairs. Some of them force the trader to trade in two or three pairs of currencies at once.

EbonyJones

Member Since Jul 20, 2020  165 posts EbonyJones Nov 08 at 19:08
I also don't like to trade i many pairs. I like few pairs from this market. I always try to trade those pairs.

AliaDare

Member Since Jul 19, 2020  160 posts AliaDare Nov 08 at 22:39
My trading mindset with you is the same. I also think it is better to trade with Few Pairs. It has a good understanding of the pair.

LyudmilLukanov

Member Since Jul 23, 2020  131 posts LyudmilLukanov Nov 15 at 13:29
EbonyJones posted:
I also don't like to trade i many pairs. I like few pairs from this market. I always try to trade those pairs.

Yes. Mastering only one or two pair is enough to become successful in the market. New traders often trade with many pair and end up learning nothing.

Starcliff

Member Since Nov 16, 2020  5 posts Starcliff Nov 16 at 05:53
Personally, I choose the number of pairs of my mood for trading, and here's my strategy, and I like that with a broker Amarkets where you can choose the one you need with more than 250 financial instruments

Rassellkarl

Member Since Oct 09, 2020  20 posts Rassellkarl Nov 20 at 11:27
I am also more of a safe player, trade pairs with positive correlation. USD/CAD is my fav, also USD/JPY at times, but that’s about it. Tried going exotic on the different currency options on fxview once but turned out to be a bad move, resumed trading the 2 majors. Doing the same on my new pepperstone account as well.

SofieAndreasen

Member Since Jul 23, 2020  153 posts SofieAndreasen Nov 20 at 17:16
Andronn posted:
There are many strategies that allow you to trade simultaneously for different currency pairs. Some of them force the trader to trade in two or three pairs of currencies at once.

That’s true. Traders also need to know about correlation which is important to choose best suitable pair according to your trading strategy.

Samuelkoi

Member Since Sep 25, 2019  13 posts Samuelkoi Nov 21 at 16:20
It is better to start trading on those pairs that are easiest to analyze based on news releases. It is also important to have a haven pair that can be traded during times of increased volatility. Also, you can use correlating pairs

GeorgeBischof

Member Since Jul 19, 2020  228 posts GeorgeBischof Nov 21 at 18:12
Yes. If you are new in this market, you should trade only selective pairs.

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EURUSD 1.1954 GBPUSD 1.33512
USDJPY 104.335 USDCAD 1.29773

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