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Trade in more than one currency pair.
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  1. #1
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    Trade in more than one currency pair.

    I learned to focus with one trading pair in my first year of trading then I still do that in my 2nd year of trading even 3rd year. In addition, now I add one more trading pair to trade with and now I have my favorite currency pair to trade with, when the other one is not giving me better trading opportunity than the other one I use. How many trading currencies do you use?
    Last edited by PCMNewsdesk; 03-26-2015 at 08:50 AM.

  2. #2
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    Sorry! I do not agree with your opinion. Because, I do not prefer to depend on only one trading currency pair. It’s much boring and waste of time. Interestingly, my trading strategy works for all major currency pair even Gold. This is way; my live trading life is much flexible and profitable.

  3. #3
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    Quote Originally Posted by Steve nison View Post
    I learned to focus with one trading pair in my first year of trading then I still do that in my 2nd year of trading even 3rd year. In addition, now I add one more trading pair to trade with and now I have my favorite currency pair to trade with, when the other one is not giving me better trading opportunity than the other one I use. How many trading currencies do you use?
    To be honest, in my early stage I thought it’s very easy way of money making! Even, initially I bought others trading systems for live trading! Yes, I lost my 1st 3 accounts by following this wrong way of trading! Trading is one of the most challenging profession & knowledge is the key point here! In addition, it’s a long journey, till now I am working on the fundamental analysis but I am happy on my technical trading skill.

  4. #4
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    Personally, although I know that lot of people recommend to start with only one pair, If you are anything like me, having just one pair to watch and being eager to trade, can make you take trades that you shouldn't. I started with three pairs EUR USD, GBD USD and USD JPY. But I had quite a much time to read the news and watch the charts, so might not suite for everyone.
    Last edited by Steve nison; 05-14-2018 at 06:07 PM. Reason: Ad

  5. #5
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    Quote Originally Posted by Noin1976 View Post
    Personally, although I know that lot of people recommend to start with only one pair, If you are anything like me, having just one pair to watch and being eager to trade, can make you take trades that you shouldn't. I started with three pairs EUR USD, GBD USD and USD JPY. But I had quite a much time to read the news and watch the charts, so might not suite for everyone.
    It can happen many times that we are using a trading system that is not reliable so we should not do this
    FXOpen - one of the most successful and fastest-growing Forex brokers.
    UK & AU regulated. ECN, STP, Crypto, Micro, PAMM accounts.

 

 

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