Trade few pairs
Nov 06, 2020 at 13:06
Vues 490
12 Replies
Nov 06, 2020 at 13:06
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 232
Nov 08, 2020 at 19:08
I also don't like to trade i many pairs. I like few pairs from this market. I always try to trade those pairs.
Membre depuis Jul 23, 2020
posts 869
Nov 15, 2020 at 13:29
EbonyJones posted:Yes. Mastering only one or two pair is enough to become successful in the market. New traders often trade with many pair and end up learning nothing.
I also don't like to trade i many pairs. I like few pairs from this market. I always try to trade those pairs.
Membre depuis Oct 09, 2020
posts 36
Nov 20, 2020 at 11:27
I am also more of a safe player, trade pairs with positive correlation. USD/CAD is my fav, also USD/JPY at times, but that’s about it. Tried going exotic on the different currency options on fxview once but turned out to be a bad move, resumed trading the 2 majors. Doing the same on my new pepperstone account as well.
Membre depuis Jul 23, 2020
posts 759
Nov 20, 2020 at 17:16
Andronn posted:That’s true. Traders also need to know about correlation which is important to choose best suitable pair according to your trading strategy.
There are many strategies that allow you to trade simultaneously for different currency pairs. Some of them force the trader to trade in two or three pairs of currencies at once.
Membre depuis Jul 19, 2020
posts 318
Nov 21, 2020 at 18:12
Yes. If you are new in this market, you should trade only selective pairs.
Membre depuis Nov 03, 2020
posts 65
Nov 22, 2020 at 07:58
I do not take many currency pairs into trading, despite the fact that the Amarkets broker offers more than 250 financial instruments, I determine those with which I am most profitable.
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