Not a good idea to follow many pairs

Jan 24, 2021 at 13:12
Przeglądane 1,500
24 Replies
Uczestnik z Oct 07, 2020   104 postów
Feb 08, 2021 at 04:47
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 think one should concentrate on working with major pairs while trading so that you have enough knowledge and news in hand while placing the trades.
Uczestnik z Jun 30, 2020   90 postów
Feb 08, 2021 at 06:28
Many people take a lot of currency pairs for trading, and then they begin to complain that they cannot earn money, because you cannot concentrate on a certain moment of trading and are scattered over many moments.
Uczestnik z Jan 22, 2021   125 postów
Feb 08, 2021 at 12:02
Do not flow into the opinions of others. If you are an experienced trader and think that you can work on increasing pairs for trading, go for that. I would suggest that try to manage each trade with clarity, most of the time traders get lost which position to open or close. Be careful about that.
Uczestnik z Jan 21, 2021   48 postów
Feb 09, 2021 at 10:02
Typically, it is best to start off with one pair or two pairs, until you are more comfortable with forex trading . Later, you can trade on multiple pairs which suits you most but avoid trading more than 5-8 pairs, too many things can become a headache.
Uczestnik z Dec 28, 2020   187 postów
Feb 11, 2021 at 09:40
Obviously it is not a good idea to follow too many pairs, focus on 2-3 pairs so that you can make a good strategy focusing on these pairs only.
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