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Anyone who trades more than 15 currency pairs at a time?
Medlem sedan Dec 11, 2015
1487 inlägg
Apr 27, 2016 at 09:29
Medlem sedan Dec 11, 2015
1487 inlägg
idimitrov posted:
what's the point of trading so many currency pairs ?
More currency pairs means more opportunities to trade, if you can deal with the multitasking.
Medlem sedan Feb 22, 2011
4862 inlägg
Apr 28, 2016 at 16:27
Medlem sedan Feb 22, 2011
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mlawson71 posted:idimitrov posted:
what's the point of trading so many currency pairs ?
More currency pairs means more opportunities to trade, if you can deal with the multitasking.
EA can deal with it
Medlem sedan Dec 11, 2015
1487 inlägg
Apr 29, 2016 at 09:21
Medlem sedan Dec 11, 2015
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togr posted:mlawson71 posted:idimitrov posted:
what's the point of trading so many currency pairs ?
More currency pairs means more opportunities to trade, if you can deal with the multitasking.
EA can deal with it
True. It's just that I don't feel very comfortable using EAs.
Medlem sedan Feb 22, 2011
4862 inlägg
Apr 29, 2016 at 10:22
Medlem sedan Feb 22, 2011
4862 inlägg
mlawson71 posted:idimitrov posted:
what's the point of trading so many currency pairs ?
More currency pairs means more opportunities to trade, if you can deal with the multitasking.
It is great as profit counts in time while DD does not appear at same time on different pairs.
Medlem sedan Dec 11, 2015
1487 inlägg
May 10, 2016 at 09:29
Medlem sedan Dec 11, 2015
1487 inlägg
togr posted:mlawson71 posted:idimitrov posted:
what's the point of trading so many currency pairs ?
More currency pairs means more opportunities to trade, if you can deal with the multitasking.
It is great as profit counts in time while DD does not appear at same time on different pairs.
Sorry, what does 'DD' stand for?
Medlem sedan May 11, 2011
235 inlägg
May 10, 2016 at 13:53
Medlem sedan May 11, 2011
235 inlägg
@mlawson71 Draw down, I believe.
I used to trade many pairs (20+), down to 6 now due to spreads. The more exotic / crossed the pair, usually the higher the spread (broker dependent)... more opportunities to trade also can mean more trades open, so keep an eye on that... more trades = more swap & more margin... I'm taking it slow these days, mostly closing out orders instead of opening new ones... my margin level was getting far too low :-|
I have come to realize that there is no true multi-pair hedge, I have had ALL my open trades move against me at the same time with multi-pairs open... and that gets scary very quickly.
For every loss there should be at least an equal and opposite profit.
Medlem sedan May 11, 2013
45 inlägg
May 10, 2016 at 13:59
Medlem sedan May 11, 2013
45 inlägg
That is nothing to do with how many pairs you are open. Obviously you only trade the pairs/setups that look the best and comply with your risk reward ratio. Do you calculate your risk per trade before you place it according to your account balance? and I dont mean saying I want to risk 30 pips or whatever on the trade because every pair is different. You should be saying I will risk 0.5% or 1% on each trade. Use the free calculator here on myfxbook if you need it. Enter you account balance of say $10k, enter how much risk you want so say 1% and size of your stop loss on the trade say 50 pips, and it will tell you the position size to use so all you can lose is the 1% you set and never hit large drawdown. make sure you have a risk reward of a minimum of 2:1, higher if you can find it
GiftedFx
Medlem sedan May 11, 2011
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May 10, 2016 at 14:28
(redigerad May 10, 2016 at 14:29)
Medlem sedan May 11, 2011
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@chrish9070 'That is nothing to do with how many pairs you are open.' - Was that directed at my post? If so, please elaborate, I don't see how your reply on MM has anything to do with what I explained. Your risk increases proportionally to the amount of trades you open (if you use your method - 'each trade'), the correct, advised method is actually max 2% equity (not balance) for beginners and max 5% for experienced traders on ALL open positions, though I know of a few experienced traders that are pushing 10%. So it would make sense that if you found 10 trading opportunities on 20 pairs vs. 5 on 10 pairs, you effectively have increased your risk by 100% without the need to calculate anything based on your method.
Regardless, my point was that you open yourself up to entering more trades the more pairs you watch, thereby increasing your risk and lowering available margins... no use in seeing an explosive setup on a pair you know is going to make great moves and you have over extended your margins.
Regardless, my point was that you open yourself up to entering more trades the more pairs you watch, thereby increasing your risk and lowering available margins... no use in seeing an explosive setup on a pair you know is going to make great moves and you have over extended your margins.
For every loss there should be at least an equal and opposite profit.
Medlem sedan May 11, 2013
45 inlägg
May 10, 2016 at 14:31
Medlem sedan May 11, 2013
45 inlägg
You clearly arent a real trader if you are having problems with your 'margin'. That simply wont happen if you have your risk set properly to 0.5% to 1% per trade like any professional will do who manages funds and money. I know that because that is what I do for a living
GiftedFx
Medlem sedan May 11, 2011
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May 10, 2016 at 14:38
Medlem sedan May 11, 2011
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I do know real traders (and you are correct, I'm not a trader by profession - 99% of the people here aren't), and they undoubtedly say that it is in fact % equity on ALL positions, not per trade as so many online pundits have 'incorrectly' stated... which would make me suspicious of your claim to be a 'real' trader. I'm not here to argue with you, I'm simply explaining my experience and factual information as a 6 year retail Forex trader... as are most of us.
For every loss there should be at least an equal and opposite profit.
Medlem sedan May 11, 2011
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May 10, 2016 at 15:03
Medlem sedan May 11, 2011
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The 'real' traders I know don't trade through retail brokerages, they work at brokerages (still using Pepperstone?)... and your site is offline btw. may want to look into that. 🙄😁
For every loss there should be at least an equal and opposite profit.
Medlem sedan May 11, 2013
45 inlägg
May 10, 2016 at 15:23
Medlem sedan May 11, 2013
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They work for brokers that tells you all you need to know! My personal accounts are via Pepperstone and Ic markets. The fund accounts are traded via IC markets and deutsche bank And yes I know about the website, its been offline for a short time now due to my hosting company having some kind of error. And as for risk thats exactly what I said, you calculate risk per trade and you also have a maximum overall risk at anyone time.
GiftedFx
Medlem sedan Dec 11, 2015
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May 12, 2016 at 09:58
Medlem sedan Dec 11, 2015
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In my opinion, a 'real' trader is anyone who makes a profit consistently, regardless of where they do it.
Medlem sedan Feb 22, 2011
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May 12, 2016 at 13:28
Medlem sedan Feb 22, 2011
4862 inlägg
chrish9070 posted:
You clearly arent a real trader if you are having problems with your 'margin'. That simply wont happen if you have your risk set properly to 0.5% to 1% per trade like any professional will do who manages funds and money. I know that because that is what I do for a living
If you trade as professional why dont you share such great results?
This user doesn't share any systems currently.
Medlem sedan Jul 20, 2020
341 inlägg
Dec 18, 2020 at 13:14
Medlem sedan Jul 20, 2020
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I never try this. I always trade with 3 or 4 pairs at a time.
Jan 09, 2021 at 18:10
Medlem sedan Nov 02, 2020
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When choosing a currency pair, be sure to analyze its intraday activity. Some of them are traded only at specific times of the day.
Medlem sedan Feb 13, 2017
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Jan 09, 2021 at 20:30
Medlem sedan Feb 13, 2017
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Trading more than 15 currency pairs means, You probably do not have enough accuracy, and you want to enter a trade in any case.
But if you mean, monitoring more than 15 currency pairs To choose the best one atm, This is a calculated and accurate method
But if you mean, monitoring more than 15 currency pairs To choose the best one atm, This is a calculated and accurate method
Medlem sedan Dec 22, 2020
3 inlägg
Jan 15, 2021 at 06:29
Medlem sedan Dec 22, 2020
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A real trader is the one who knows how to control emotions and make profitable trades in any kind of market situation. Being consistent is the real thing, not making big profits once and then losing every time.
Feb 01, 2021 at 11:05
Medlem sedan Oct 07, 2019
39 inlägg
I only trade with 2-3 pairs at a time. 15 currency pairs are too much.
Medlem sedan Nov 19, 2020
104 inlägg
Feb 02, 2021 at 11:32
Medlem sedan Nov 19, 2020
104 inlägg
Bro, 15+ is like way too much according to me. It better to stick to lower number of pairs, and give better attention to those rather than segregate it over so many pairs and fail. But yes, if you think you can manage it well, go ahead.
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