Trade few pairs

UweMoench

Uczestnik z Jul 19, 2020 749 postów

Nov 06, 2020 at 13:06

Uczestnik z Jul 19, 2020 749 postów

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.

Andronn

Uczestnik z Jun 30, 2020 89 postów

Nov 08, 2020 at 14:19

Uczestnik z Jun 30, 2020 89 postów

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.

EbonyJones

Uczestnik z Jul 20, 2020 172 postów

Nov 08, 2020 at 19:08

Uczestnik z Jul 20, 2020 172 postów

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

AliaDare

Uczestnik z Jul 19, 2020 742 postów

Nov 08, 2020 at 22:39

Uczestnik z Jul 19, 2020 742 postów

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.

LyudmilLukanov

Uczestnik z Jul 23, 2020 816 postów

Nov 15, 2020 at 13:29

Uczestnik z Jul 23, 2020 816 postów

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.

Starcliff

Uczestnik z Nov 16, 2020 52 postów

Nov 16, 2020 at 05:53

Uczestnik z Nov 16, 2020 52 postów

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

SofieAndreasen

Uczestnik z Jul 23, 2020 696 postów

Nov 20, 2020 at 17:16

Uczestnik z Jul 23, 2020 696 postów

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.

Samuelkoi

Uczestnik z Sep 25, 2019 23 postów

Nov 21, 2020 at 16:20

Uczestnik z Sep 25, 2019 23 postów

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

GeorgeBischof

Uczestnik z Jul 19, 2020 283 postów

Nov 21, 2020 at 18:12

Uczestnik z Jul 19, 2020 283 postów

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

AliaDare

Uczestnik z Jul 19, 2020 742 postów

Nov 22, 2020 at 01:15

Uczestnik z Jul 19, 2020 742 postów

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

Cordawield

Uczestnik z Nov 03, 2020 63 postów

Nov 22, 2020 at 07:58

Uczestnik z Nov 03, 2020 63 postów

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.

Bunaya

Uczestnik z Nov 05, 2020 49 postów

Nov 23, 2020 at 06:42

Uczestnik z Nov 05, 2020 49 postów

From the provided more than 250 sets of financial instruments, the broker Amarkets, you can choose exactly those that you like the most and with which you can successfully trade

EURUSD	1.17788	GBPUSD	1.36532	AUDUSD	0.65507
USDJPY	144.479	USDCAD	1.36033	USDCHF	0.79342

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