Disliked{quote} That’s the real point mate; thanks for your valuable hint. Besides, major Forex pairs are reliable to use.Ignored
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How many strategies are u using and how many pairs do u trade? 0 replies
How many parameters are too many? 0 replies
How many Pairs Should a Trader focus on 31 replies
Pairs of Currency Pairs 4 replies
How many pairs is considered too many? 8 replies
Disliked{quote} That’s the real point mate; thanks for your valuable hint. Besides, major Forex pairs are reliable to use.Ignored
DislikedIt's not a case of how many you should trade but rather a case of identifying and pairing strongest against weakest. You can get away with the majors and a few others and have ample opportunity to make money. Don't focus on exotics while learning and don't limit yourself to one or two pairs because it won't work in the long run. You will see other pairs moving and this will shift your focus and you will end up running around like a headless chickenIgnored
Dislikedtrade as much as you can handle, just don't go full force without backup.Ignored
Disliked{quote} Unlikely...stay away from weird pairs with wide spreads...especially if you are new...also a much higher chance of getting screwed by market makers and huge gaps over the weekend etc...I say stick with EUR/USD, USD/JPY...If you want a faster pair try GBP/JPY or GBP/USD...Keep it simple...I don't even recommend USD/CAD to start with but you probably wont listenIgnored
DislikedI will suggest for single currency pair focus for every trader because it is difficult to handle more then 2 trade at the same time.Ignored
Disliked{quote} I will listen. I am trying to learn as much as possible before I make any move into forex. I have experience trading stocks, but am completely new to forex. I am going through the babypips course now and I also plan on practicing with a demo account before doing anything. Obviously I'd liked to learn as much as possible from joining this forum too. I still don't even have a complete grasp on the "spread", Leverage, and margins. as I mentioned before, I am REALLY new.Ignored
DislikedMany traders can manage more than one currency pairs for trading but if you are pro trader then focusing on single one pair is better for you.Ignored
Dislikedany major pair is safe for any kinds of traders particularly for beginners, newcomers should use it first in demo then in a cent account.Ignored