Not a good idea to follow many pairs
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.
Membre depuis Jul 20, 2020
posts 298
Jan 24, 2021 at 14:50
(édité 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.
Membre depuis 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.
Membre depuis Jul 23, 2020
posts 759
Jan 25, 2021 at 18:44
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
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.
Membre depuis Jan 13, 2021
posts 29
Jan 29, 2021 at 23:19
I have 5 pairs but trade no more than 3 at a time
Membre depuis Jan 22, 2021
posts 125
Feb 01, 2021 at 12:22
forextrader777 posted:Yes I agree to you, for the beginners 2-3 major pairs would be fine.
I also think that trading too many pairs can be a bit complicated. Personally I prefer EUR/USD and USD/JPY.
Membre depuis 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
Membre depuis Oct 26, 2020
posts 37
Feb 05, 2021 at 10:13
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
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.
Membre depuis 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
