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Anyone who trades more than 15 currency pairs at a time?

Viva La Puerto Rico! (CodeMonkey)
Apr 09 2014 at 06:31
182 Posts
Jayakumar posted:
Its better to restrict your trade to few pairs...then only you can feel the pulse of the particular pair and understand the trend. I watch only EUR/USD and able to predict the trend



Are you manually trading or using an automated trading system?

A properly designed automated trading system can easily handle processing a large number of currency pairs.

Trying to trade approximately 30 pairs manually would be a considerable task, doing it via automated methods is much easier.

Viva La Puerto Rico!
Jayakumar (Jayakumar)
Apr 09 2014 at 07:55
5 Posts
I trade manually....automated trading is always risky...its my view

Making profits in trading is not an one day wonder...its about consistency and how you control your mind...
vontogr (togr)
Apr 09 2014 at 08:10
4862 Posts
Jayakumar posted:
I trade manually....automated trading is always risky...its my view


Do not take it as an offense

You have 1 account here on myfxbook, which is one month old.
Are you sure you can make such statement as you did:)

PTG (ProTradersGroup)
Apr 09 2014 at 08:47
386 Posts

 more pairs = more opportunities




Anhänge:


Hugo ONeill (honeill)
Apr 09 2014 at 12:48
1141 Posts
TheCyclist posted:
I trade 24 and if you're doing those amount of pairs it's not usually predictive trading. So the questions is more or less irrelevant. You'll only do it to win, but not by pair. By portfolio.


I think it also depends on the trading style (Scalping, day trading, swing trading).
The longer the time-frame, more pairs can you trade because you have enough time to concentrate.

"I trade to make money not to be right."
Jayakumar (Jayakumar)
Apr 09 2014 at 12:50
5 Posts
togr posted:
Jayakumar posted:
I trade manually....automated trading is always risky...its my view


Do not take it as an offense

You have 1 account here on myfxbook, which is one month old.
Are you sure you can make such statement as you did:)



I did not take it as an offense...thanks...i want to make some decent profit with this one account...lets see..if iam able to show good profits for 1 year....my expected target is 120%...lets see :)

Making profits in trading is not an one day wonder...its about consistency and how you control your mind...
forex alert system (forexalertsystem)
Apr 09 2014 at 12:55
101 Posts
Our system can easily trade all the pairs on the forex, but again its more risk, because not all spreads on all pairs are equal. and buy trading to many pairs your basically trading the same pair in a different configuration. your just setting your self up for a large loss from a single event. like news or something. for example our live system has placed over 1,000 trades in the last 2 months. thats about 500 trades per month and that's just on 1 pair. there is plenty of opportunity on a single pair for a properly coded System or EA.

                                        See Statistics on amount of trades and accuracy on this system below
                                       https://www.myfxbook.com/members/forexalertsystem/c-1-live/843495

vontogr (togr)
Apr 09 2014 at 17:01
4862 Posts
The question is not if we can trade multiple currencies.
As we can we have a lot of tools to do so without any special work.

The question is if it is more profitable and less risky than single currency.
I would say yes it is based on my experiences.

CrazyTraderfx (CrazyTrader)
Apr 09 2014 at 17:15
1718 Posts
Going 1 or 2 currencies pair at a time:

Advantages:
You feel better the way this particular pair is moving
How it reacts to news
How intense is the Price Action

Drawbacks:
Missing other opportunities being to specialized

FTU James (Jaypipin)
Apr 09 2014 at 20:02
80 Posts
CodeMonkey posted:
Jayakumar posted:
Its better to restrict your trade to few pairs...then only you can feel the pulse of the particular pair and understand the trend. I watch only EUR/USD and able to predict the trend



Hello, lets agree with one thing.. you cannot predict trend, prices are chaotic, what you need is a solid strategy and then discipline with using the correct money management. So with that said, the strategy should work on all products, so if eurusd or usdjpy is flat then trade a setup on xauusd or euraud, just dont have too many positions open, such that if usd news comes out and burns a hole in your pocket.. always prepare for the next three steps / losses / entries, all the best , jaypipin

We are all faced with a series of great opportunities, brilliantly disguised as unsolvable problems - John W Gardener
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