Trade few 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.

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.

I also don't like to trade i many pairs. I like few pairs from this market. I always try to trade those pairs.

My trading mindset with you is the same. I also think it is better to trade with Few Pairs. It has a good understanding of the pair.

EbonyJones posted:
I also don't like to trade i many pairs. I like few pairs from this market. I always try to trade those pairs.

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.

Personally, I choose the number of pairs of my mood for trading, and here's my strategy, and I like that with a broker Amarkets where you can choose the one you need with more than 250 financial instruments

Andronn posted:
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.

That’s true. Traders also need to know about correlation which is important to choose best suitable pair according to your trading strategy.

It is better to start trading on those pairs that are easiest to analyze based on news releases. It is also important to have a haven pair that can be traded during times of increased volatility. Also, you can use correlating pairs

Yes. If you are new in this market, you should trade only selective pairs.

The lower the trading pair, the more you have an idea about the market. I think it is better to trade in low pairs.

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.