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.
LeviSievwright5
Membre depuis Jul 20, 2020
posts 298
Jan 24 2021 at 14:50
I think it is possible to do a lot of work pair if you can use trading knowledge properly and maintain discipline with patience.
LyudmilLukanov
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.
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.
SofieAndreasen
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.
Absolutely. Focus on 1, 2 or 3 pairs or if there are more they must be corelated.
It is not easy to track all or many of the pairs. Better to stick with 2-3, or even 1 pair is fine.
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.
If one can handle so many pairs that's up to him. However, in my view, trading with 2-3 pairs are enough.
forextrader777
Membre depuis Jan 16, 2021
posts 133
Jan 29 2021 at 12:03
I also think that trading too many pairs can be a bit complicated. Personally I prefer EUR/USD and USD/JPY.
LeonRocky3
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
I use 4 pairs for trading. I am very satisfied with trading in these 4 pairs.
Chelsea Blacks
(blackChelsea)
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.
It is wrong to trade a large number of currency pairs because there is no way to focus and control everything.
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...
lovefortrading
(perryjohn765)
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
Adamgylicrist
Membre depuis Oct 19, 2020
posts 38
Feb 04 2021 at 10:33
LyudmilLukanov posted:Well, that’s also a different way of looking at it. I generally keep experimenting with the pairs and I don’t just stick to one or two. There are so many good pairs you can work with and make amazing returns from as well.
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.
Gareylinn509
Membre depuis Nov 07, 2020
posts 34
Feb 04 2021 at 13:05
Yes!! I only trade EUR/USD and USD/JPY. The returns on these are good at times and I find them to be quite profitable. There is a lot of work that goes into the technical analysis but overall these are my go-to pairs.