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

mlawson71
Apr 27 2016 at 09:29
1487 Posts
idimitrov posted:
what's the point of trading so many currency pairs ?


More currency pairs means more opportunities to trade, if you can deal with the multitasking.

vontogr (togr)
Apr 28 2016 at 16:27
4862 Posts
mlawson71 posted:
idimitrov posted:
what's the point of trading so many currency pairs ?


More currency pairs means more opportunities to trade, if you can deal with the multitasking.


EA can deal with it

mlawson71
Apr 29 2016 at 09:21
1487 Posts
togr posted:
mlawson71 posted:
idimitrov posted:
what's the point of trading so many currency pairs ?


More currency pairs means more opportunities to trade, if you can deal with the multitasking.


EA can deal with it


True. It's just that I don't feel very comfortable using EAs.

vontogr (togr)
Apr 29 2016 at 10:22
4862 Posts
mlawson71 posted:
idimitrov posted:
what's the point of trading so many currency pairs ?


More currency pairs means more opportunities to trade, if you can deal with the multitasking.


It is great as profit counts in time while DD does not appear at same time on different pairs.

mlawson71
May 10 2016 at 09:29
1487 Posts
togr posted:
mlawson71 posted:
idimitrov posted:
what's the point of trading so many currency pairs ?


More currency pairs means more opportunities to trade, if you can deal with the multitasking.


It is great as profit counts in time while DD does not appear at same time on different pairs.


Sorry, what does 'DD' stand for?

xgavinc
May 10 2016 at 13:53
235 Posts


@mlawson71 Draw down, I believe.

I used to trade many pairs (20+), down to 6 now due to spreads. The more exotic / crossed the pair, usually the higher the spread (broker dependent)... more opportunities to trade also can mean more trades open, so keep an eye on that... more trades = more swap & more margin... I'm taking it slow these days, mostly closing out orders instead of opening new ones... my margin level was getting far too low :-|

I have come to realize that there is no true multi-pair hedge, I have had ALL my open trades move against me at the same time with multi-pairs open... and that gets scary very quickly.

For every loss there should be at least an equal and opposite profit.
Chris (chrish9070)
May 10 2016 at 13:59
45 Posts
That is nothing to do with how many pairs you are open. Obviously you only trade the pairs/setups that look the best and comply with your risk reward ratio. Do you calculate your risk per trade before you place it according to your account balance? and I dont mean saying I want to risk 30 pips or whatever on the trade because every pair is different. You should be saying I will risk 0.5% or 1% on each trade. Use the free calculator here on myfxbook if you need it. Enter you account balance of say $10k, enter how much risk you want so say 1% and size of your stop loss on the trade say 50 pips, and it will tell you the position size to use so all you can lose is the 1% you set and never hit large drawdown. make sure you have a risk reward of a minimum of 2:1, higher if you can find it

xgavinc
May 10 2016 at 14:28
235 Posts
@chrish9070 'That is nothing to do with how many pairs you are open.' - Was that directed at my post? If so, please elaborate, I don't see how your reply on MM has anything to do with what I explained. Your risk increases proportionally to the amount of trades you open (if you use your method - 'each trade'), the correct, advised method is actually max 2% equity (not balance) for beginners and max 5% for experienced traders on ALL open positions, though I know of a few experienced traders that are pushing 10%. So it would make sense that if you found 10 trading opportunities on 20 pairs vs. 5 on 10 pairs, you effectively have increased your risk by 100% without the need to calculate anything based on your method.

Regardless, my point was that you open yourself up to entering more trades the more pairs you watch, thereby increasing your risk and lowering available margins... no use in seeing an explosive setup on a pair you know is going to make great moves and you have over extended your margins.

For every loss there should be at least an equal and opposite profit.
Chris (chrish9070)
May 10 2016 at 14:31
45 Posts
You clearly arent a real trader if you are having problems with your 'margin'. That simply wont happen if you have your risk set properly to 0.5% to 1% per trade like any professional will do who manages funds and money. I know that because that is what I do for a living

xgavinc
May 10 2016 at 14:38
235 Posts
I do know real traders (and you are correct, I'm not a trader by profession - 99% of the people here aren't), and they undoubtedly say that it is in fact % equity on ALL positions, not per trade as so many online pundits have 'incorrectly' stated... which would make me suspicious of your claim to be a 'real' trader. I'm not here to argue with you, I'm simply explaining my experience and factual information as a 6 year retail Forex trader... as are most of us.

For every loss there should be at least an equal and opposite profit.
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