I use many pairs, every pair that I found that is volatile, I use it. and I use a lot of strategies too, because I'm still looking for a strategy that will give me a stable profit.
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I use many pairs, every pair that I found that is volatile, I use it. and I use a lot of strategies too, because I'm still looking for a strategy that will give me a stable profit.
I do trade in GBP/USD and EUR/USD only. In few months i will also start Gold trading. But Gold requires more investment and knowledge. So hopefully i will start it in june.
I use Moving averages ,MACD and RSI.
I am trade only Gold and Eurusd.Both pairs has very movementable and teaches and learning is very good from those pairs.I am use 5 min and 1 hour charts and Sthochastic indicator(5,3,3) for trading.
you have chosen real good pairs. i will say that out of them eur/usd has a lot of movement and usd/jpy is a bit easy to pull some profit's coz i also stick to them. and yeah sl is the very most important thing to stay safe and play smart.
better way to trade is with minimum risk and maximum profit ..we should not take more risk with view to getting more money..so better to make good strategy and right entry point for best result
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
being married to one pair is better than running after many but then it is also good to be versatile and follow 2 pairs as 1 pair sometimes may not move but the other moves and gives better trades at timesQuote:
Originally Posted by shinde
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.
yeah that is good.just trading one or two pairs is enough.we have to keep it simple and trade with profit.
following too many strategies and pair will land us in confusion.
i trade only with 2pairs.EURJPY and GBPUSD.
I am a Swing Trader and often use 1h and 4h charts.
I use lot of combination of indicators like RSI,Bollinger bands,SAR,MACD etc.