Trading All Currency pairs
Sep 30, 2014 at 20:44
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8 Replies
Sep 30, 2014 at 20:44
Some Forex traders often says that its better to concentrate to one or two specific pairs, but from my own 5 years experience, I look at almost all currency pairs and choose some trades to place, I think its better for me, perhaps because I am more of a swing trader, but it may not be favorable to intraday traders.
Share your opinions
Share your opinions
love pips
Oct 06, 2014 at 15:09
kanon103 posted:
considering spreads.i like majors are better
EURUSD only cost 0.5 spreads for my broker
What type of trader are you?, perhaps scalper or day trader i guess, that's only when its not advice-able, it also depend on the broker
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Oct 06, 2014 at 15:11
TLCLife posted:
I wouldn't trade on all trade pairs, every pair has different spreads, conditions and it must be researched separately. So it's up to you if you wanna do all that work.
It is true that every pair has different spread, but concerning trading conditions, their are trading strategies that works for almost all pairs, unless few non volatile and rough pair like eur/chf, and few others
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Oct 07, 2014 at 07:21
ophili posted:kanon103 posted:
considering spreads.i like majors are better
EURUSD only cost 0.5 spreads for my broker
What type of trader are you?, perhaps scalper or day trader i guess, that's only when its not advice-able, it also depend on the broker
yes im day trader and my strategy is close baskets so spread does matter to me.
i do 3000+ trades a month so if you do the math. you will see how much extra your paying for spread. if the differences is 1 pips thats 3000 USD paid to broker.
but that is kinda off the topic. what i trying to say is. if you can make money on EURUSD with lower spread. why would you trade on EURXXX with higher spread? i mean unless you have reason for it.
i do trade EURAUD or EURNZD sometimes but the most i interesting to trade on still EURUSD.
but everyone has their trading style. if you can make pips from all pairs , why would you care about what people says?
Member Since Oct 11, 2013
775 posts
Oct 07, 2014 at 23:29
I think that one could analyze all currency pairs, but to open positions on all currency pairs is rather difficult not to say that you need a very large account to do that. very time consuming.
Oct 10, 2014 at 15:58
alexforex007 posted:
I think that one could analyze all currency pairs, but to open positions on all currency pairs is rather difficult not to say that you need a very large account to do that. very time consuming.
You are right, to open positions on all pairs at a time is not advice-able
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