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Trading as part time job is extremely sensible, particularly after you haven't mastered the art of trading for consistent profits. it'll not be ideal to go away your day job. Also, after you trade half time and conjointly work, you'll invariably have funds to replenish your account with in case you face a really dangerous trading time that provides you huge losses.
For me I have started to follow 2 - 3 pairs when I trade and I perform my trades in different pairs based on the market conditions and the price levels of those pairs but I use the same trading strategy and perform my trades in the same ways really !!!
the biggest benefits i think is that it is a money making machine,which can make a lot of money in some minute. also,forex trading can give us opportunity to be a full time trader,where we can earn money in home,college or at the workplace.
Many pairs Forex and strategies this help me to earn some profit.attack of price changes minutes hours and daily i trading according to my technical analysis for Forex trading and broker house business.
For me i trade on just 5 pairs, EUR.USD, USD/JPY, XAU/USD, NZD/USD and GBP/USD . and i only use one strategy and always try to scalp the markets, its very profitables really...
Comparing forex with a normal job is absolutely different if you are good in trading forex you can make more than what you expect at the end of the month and a normal job might not give you what forex trading will give you, forex trade is an opportunity for people who has practically deal with trading process and see that it is more of benefit to them than a normal job.
Before i approved abounding pairs but as a aftereffect i apply beneath but now alone three pairs i concnetrating and aftereffect is acceptable and thats pairs are EUR/USD,GBP/USD AND AUD/USD . anyhow abounding of my firend recommanded me to barter gold and argent but still i dont barter a individual barter in both pairs.
This is a very good point of discussion and at the start of my trading i am just using one pair and one strategy.I previously tried to use too many strategies and too many pairs as well as the crude oil and the result was not good for me and the reason was that i was not able to concentrate on either on the thing so at the start it is my advice to all the new traders that please try to concentrate on only one pair at a time.
jab sey main nain is business man trading start ki hai tu main nain abi tak on average takreeban 3 sey 6 pairs main trade kar raha hota hun aur jo main nain is sey sekha hai wo yeh hai k kabi bi itni zyada trades aik sath na lagin agr aap waki main profit kamana chatey hain tu
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Originally Posted by soumen
if you are the one who experienced in forex should use more than one pair at one time but if you are newbies has little knowledge you should concentrate in one pair then u should go ahead