Not a good idea to follow many pairs

Jan 24, 2021 at 13:12
Przeglądane 1,509
24 Replies
Uczestnik z Jul 19, 2020   751 postów
Jan 24, 2021 at 13:12
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.
Uczestnik z Jul 20, 2020   298 postów
Jan 24, 2021 at 14:50 (edytowane Jan 24, 2021 at 14:51)
I think it is possible to do a lot of work pair if you can use trading knowledge properly and maintain discipline with patience.
Uczestnik z Jul 23, 2020   869 postów
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.
Uczestnik z Aug 07, 2020   75 postów
Jan 25, 2021 at 10:12
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.
Uczestnik z Jul 23, 2020   759 postów
Jan 25, 2021 at 18:44
UweMoench posted:
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.
Those two are also my favorite pairs. I also trade with other major pairs.
Uczestnik z Oct 20, 2018   300 postów
Jan 26, 2021 at 20:36
Absolutely. Focus on 1, 2 or 3 pairs or if there are more they must be corelated.
momchil_slavov@
Uczestnik z Dec 11, 2020   110 postów
Jan 28, 2021 at 07:19
It is not easy to track all or many of the pairs. Better to stick with 2-3, or even 1 pair is fine.
Uczestnik z Nov 08, 2019   26 postów
Jan 28, 2021 at 07:46
UweMoench posted:
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.
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.
Uczestnik z Jan 07, 2021   23 postów
Jan 28, 2021 at 07:57
If one can handle so many pairs that's up to him. However, in my view, trading with 2-3 pairs are enough.
Uczestnik z Jan 13, 2021   29 postów
Jan 29, 2021 at 23:19
I have 5 pairs but trade no more than 3 at a time
Uczestnik z Jul 19, 2020   788 postów
Jan 29, 2021 at 23:55
I use 4 pairs for trading. I am very satisfied with trading in these 4 pairs.
Uczestnik z Jan 22, 2021   125 postów
Feb 01, 2021 at 12:22
forextrader777 posted:
I also think that trading too many pairs can be a bit complicated. Personally I prefer EUR/USD and USD/JPY.
Yes I agree to you, for the beginners 2-3 major pairs would be fine.
Uczestnik z Nov 05, 2020   54 postów
Feb 01, 2021 at 12:44
It is wrong to trade a large number of currency pairs because there is no way to focus and control everything.
Uczestnik z Jun 25, 2019   9 postów
Feb 02, 2021 at 07:16
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...
Uczestnik z Sep 12, 2017   238 postów
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
Uczestnik z Nov 06, 2020   24 postów
Feb 04, 2021 at 13:28
I mostly go with some major pairs. USD/JPY, USD/CHF, AUD/USD and NZD/USD are some of the primary currency pairs I like to trade. For platforms, I prefer MT4 and MT5 that I’m using with XM, Fxview.
Uczestnik z Jul 20, 2020   399 postów
Feb 05, 2021 at 17:32
UweMoench posted:
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.

I did that at the start i used to do some many pairs now i have 3
Uczestnik z Jul 19, 2020   788 postów
Feb 05, 2021 at 17:55
If your trading knowledge is good, then working together with many pairs is not a problem.
Uczestnik z May 15, 2020   23 postów
Feb 06, 2021 at 07:05
I prefer focusing on some pairs, rather than dividing the concentration too much. Its better to keep the number low, but the strategies and plans should be top class in my opinion.
Uczestnik z Jan 13, 2021   29 postów
Feb 07, 2021 at 22:50
I use 5 pairs but they to trade only 3 at a time
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