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
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
alexforex007 posted: 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.
You are right, to open positions on all pairs at a time is not advice-able