Not a good idea to follow many pairs

Jan 24, 2021 at 13:12
Vistas 1,310
24 Replies
Miembro desde Jul 19, 2020   posts 751
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.
Miembro desde Jul 20, 2020   posts 298
Jan 24, 2021 at 14:50 (editado 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.
Miembro desde Jul 23, 2020   posts 869
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.
Miembro desde Aug 07, 2020   posts 75
Jan 25, 2021 at 10:12
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.
Miembro desde Jul 23, 2020   posts 759
Jan 25, 2021 at 18:44
UweMoench posted:
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.
Those two are also my favorite pairs. I also trade with other major pairs.
Miembro desde Oct 20, 2018   posts 300
Jan 26, 2021 at 20:36
Absolutely. Focus on 1, 2 or 3 pairs or if there are more they must be corelated.
momchil_slavov@
Miembro desde Dec 11, 2020   posts 110
Jan 28, 2021 at 07:19
It is not easy to track all or many of the pairs. Better to stick with 2-3, or even 1 pair is fine.
Miembro desde Nov 08, 2019   posts 26
Jan 28, 2021 at 07:46
UweMoench posted:
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.
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.
Miembro desde Jan 07, 2021   posts 23
Jan 28, 2021 at 07:57
If one can handle so many pairs that's up to him. However, in my view, trading with 2-3 pairs are enough.
Miembro desde Jan 13, 2021   posts 29
Jan 29, 2021 at 23:19
I have 5 pairs but trade no more than 3 at a time
Miembro desde Jul 19, 2020   posts 788
Jan 29, 2021 at 23:55
I use 4 pairs for trading. I am very satisfied with trading in these 4 pairs.
Miembro desde Jan 22, 2021   posts 125
Feb 01, 2021 at 12:22
forextrader777 posted:
I also think that trading too many pairs can be a bit complicated. Personally I prefer EUR/USD and USD/JPY.
Yes I agree to you, for the beginners 2-3 major pairs would be fine.
Miembro desde Nov 05, 2020   posts 54
Feb 01, 2021 at 12:44
It is wrong to trade a large number of currency pairs because there is no way to focus and control everything.
Miembro desde Jun 25, 2019   posts 9
Feb 02, 2021 at 07:16
I also do focus just on 1 Pair. I think it's crazy how some people find the time to look at so many Pairs...
Miembro desde Sep 12, 2017   posts 238
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
Miembro desde Nov 06, 2020   posts 24
Feb 04, 2021 at 13:28
I mostly go with some major pairs. USD/JPY, USD/CHF, AUD/USD and NZD/USD are some of the primary currency pairs I like to trade. For platforms, I prefer MT4 and MT5 that I’m using with XM, Fxview.
Miembro desde Jul 20, 2020   posts 399
Feb 05, 2021 at 17:32
UweMoench posted:
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.

I did that at the start i used to do some many pairs now i have 3
Miembro desde Jul 19, 2020   posts 788
Feb 05, 2021 at 17:55
If your trading knowledge is good, then working together with many pairs is not a problem.
Miembro desde May 15, 2020   posts 23
Feb 06, 2021 at 07:05
I prefer focusing on some pairs, rather than dividing the concentration too much. Its better to keep the number low, but the strategies and plans should be top class in my opinion.
Miembro desde Jan 13, 2021   posts 29
Feb 07, 2021 at 22:50
I use 5 pairs but they to trade only 3 at a time
Conectarse / Inscribirse to comment
You must be connected to Myfxbook in order to leave a comment
*El uso comercial y el spam no serán tolerados y pueden resultar en el cierre de la cuenta.
Consejo: Al publicar una imagen o una URL de YouTube, ésta se integrará automáticamente en su mensaje!
Consejo: Escriba el signo @ para completar automáticamente un nombre de usuario que participa en esta discusión.