One of the easiest ways to keep trading simple is to trade only a single currency pair at a time. Trading one pair helps because it allows us to concentrate all our efforts on learning that pair, therefore allowing us to understand how it moves.
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One of the easiest ways to keep trading simple is to trade only a single currency pair at a time. Trading one pair helps because it allows us to concentrate all our efforts on learning that pair, therefore allowing us to understand how it moves.
yeah..u r right..so i also suggest for concentratin on one pair..rather than taking risk with experiement other less knowledged pair..and we should use our own strategy then rely on other;s experience
Well i`m just following one startegy and one pair because i think that it`s good for novice trader to pick one pair and aik strategy and phir us mein specilixation ki jaye isi se hum forex main successful ho sekete hian
Mainly i use two pairs which is profitable for me.I use Euro/Usd and Gbp/Usd.This pairs are so reliable to trade.You can trade in this pairs very comfortably which is so important for a trader .My stetigy is news.I trade from news.
I use the euro and the dollar in my dealings and transactions with Forex. That pair is m choise.
For the strategies I were trying any strategies to collect my experience.
usually i trade with the major pairs of the forex....like eur usd ,gbp usd,,and now a days experiment on gold in demo account.....they are much volatile so helpfull for scalping.
I just trade in EUR/USD and GBP/USD in my trading activity, because this two pair are the most pair traded by another trader in this world, beside thats a lot of experienced trader make an analysis about this pair so i can follow their trading analysis.
I most like the eur / jpy and gbp / usd, cause of the daily movement of that pair is so great ... but sometimes also on the eur/usd or aud/usd, depending on the signal from my strategy...and I only use the price movement (price action) in the area of supply and demand to enter the market ..:)
so far I only use the main pair in the trade. I use a pair eur / usd and usd / jpy in every trade. I use this pair could easily make a profit, because this pair is relatively stable, and I was able to take advantage of small spreads can make a profit
Most of the time i trade AUD/USD but sometime i traded EURO/USD, GBP/USD. And i also flow gold market because very recent i also trade with gold. I used fibonacci retracement, fibonacci fan, Elliot wave theory, for my trading analysis.