Trading All Currency pairs

Some Forex traders often says that its better to concentrate to one or two specific pairs, but from my own 5 years experience, I look at almost all currency pairs and choose some trades to place, I think its better for me, perhaps because I am more of a swing trader, but it may not be favorable to intraday traders.
Share your opinions

considering spreads.i like majors are better
EURUSD only cost 0.5 spreads for my broker

I wouldn't trade on all trade pairs, every pair has different spreads, conditions and it must be researched separately. So it's up to you if you wanna do all that work.

😉 good,logic and more win chance sry for my english

kanon103 posted:
considering spreads.i like majors are better
EURUSD only cost 0.5 spreads for my broker

What type of trader are you?, perhaps scalper or day trader i guess, that's only when its not advice-able, it also depend on the broker

TLCLife posted:
I wouldn't trade on all trade pairs, every pair has different spreads, conditions and it must be researched separately. So it's up to you if you wanna do all that work.

It is true that every pair has different spread, but concerning trading conditions, their are trading strategies that works for almost all pairs, unless few non volatile and rough pair like eur/chf, and few others

ophili posted:

kanon103 posted:
considering spreads.i like majors are better
EURUSD only cost 0.5 spreads for my broker

What type of trader are you?, perhaps scalper or day trader i guess, that's only when its not advice-able, it also depend on the broker

yes im day trader and my strategy is close baskets so spread does matter to me.

i do 3000+ trades a month so if you do the math. you will see how much extra your paying for spread. if the differences is 1 pips thats 3000 USD paid to broker.

but that is kinda off the topic. what i trying to say is. if you can make money on EURUSD with lower spread. why would you trade on EURXXX with higher spread? i mean unless you have reason for it.

i do trade EURAUD or EURNZD sometimes but the most i interesting to trade on still EURUSD.

but everyone has their trading style. if you can make pips from all pairs , why would you care about what people says?

I think that one could analyze all currency pairs, but to open positions on all currency pairs is rather difficult not to say that you need a very large account to do that. very time consuming.