How Many Pairs Do You Trade?

#41
Aug 25, 2015 10:52pm Aug 25, 2015 10:52pm

GlodexFX
| Joined Jun 2015 | Status: Trader | 4 Posts

Quoting roughtrader

Disliked

it makes no sense to only trade one pair, that would be leaving a lot of money on the table, what I do is I trade a weak currency against a strong one. I feel the odds are more in my favour that way

Ignored

Is it just by your username that you are quite a risky trader or do you find trading a weak currency better? I imagine you do this with the more stronger currencies too, but how do you know which weak currency might do better than the next weak currency? They're relatively unstable compared to stronger currencies so how do you choose?

#42
Aug 26, 2015 5:49am Aug 26, 2015 5:49am

PipTraderz
| Additional Username | Joined Aug 2015 | 40 Posts

Quoting GlodexFX

Disliked

{quote} Is it just by your username that you are quite a risky trader or do you find trading a weak currency better? I imagine you do this with the more stronger currencies too, but how do you know which weak currency might do better than the next weak currency? They're relatively unstable compared to stronger currencies so how do you choose?

Ignored

Ultimately when we are trading we have to understand the basic nature of the markets and we may try hard but our ability to get income from trades may not get us success.

And this is one of the prime reasons why we have to now think of trading with less currency pairs and increase our Focus on them

Trading in Forex since 8 years

#43
Aug 26, 2015 6:57am Aug 26, 2015 6:57am

caomisa2
| Membership Revoked | Joined Sep 2014 | 61 Posts

trading on multiple pairs create more opportunities which also mean more risk on the table. Also you need to watch out your mental capital along with financial one. cheers

#44
Oct 29, 2015 10:02am Oct 29, 2015 10:02am