Currency pairs - Page 2
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Thread: Currency pairs

  1. #11
    Join Date
    Mar 2017
    Posts
    10
    I am trading these pairs, AUD/JPY, AUD/USD, GBP/USD, EUR/JPY, EUR/AUD, EUR/USD. EUR/CAD . you can find out candlestick signals and pretty good volatile

  2. #12
    scmonds Guest
    Quote Originally Posted by dianajs View Post
    How do you manage to keep track of them all? I admit I lose track if I have more than five positions open.
    years of practise.....lol... serioulsy its not difficult

  3. #13
    Join Date
    Sep 2010
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    Trades are like buses, there is always another one around the corner
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    2,294
    Quote Originally Posted by scmonds View Post
    years of practise.....lol... serioulsy its not difficult
    Perhaps you can share your experience with others here, explaining how you do it...with all your experience. That is the idea of this forum, after all?

  4. #14
    scmonds Guest
    Quote Originally Posted by Jezzode View Post
    Perhaps you can share your experience with others here, explaining how you do it...with all your experience. That is the idea of this forum, after all?
    i am sure with all your experience you could put your 2 cents in as well,
    but in the mean time

    how to follow multiple open orders,

    1- get professionally trained in "order flow management"
    2- get professionally trained in "time management"
    3- get professionally trained in "project management"
    *the above should take you 6 years full time if your good longer if not
    5- then open your own business and run that for a minimum of 5 years
    6-bringing us roughly too 11 years to complete, if your fast.
    7- after you have completed the above successfully you would have gained the experience and knowledge you require to track multiple open orders.

    simple once you have done the above...lol

  5. #15
    Join Date
    Sep 2010
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    Trades are like buses, there is always another one around the corner
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    2,294
    Wow - you sound over qualified for this sir

  6. #16
    Join Date
    Sep 2016
    Location
    Berlin
    Posts
    139
    I can get how an own business is connected to the 26 pairs

  7. #17
    Join Date
    Sep 2010
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    Trades are like buses, there is always another one around the corner
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    2,294
    I suppose it's a good analogy, useful too with transferable skills; but not essential for success in respect to that it must be done. At the end of the day everything here is open to interpretation, and it's the qualuty of the interpreting that makes the difference.

  8. #18
    Join Date
    Mar 2017
    Posts
    12
    Generally speaking, some pairs can be better than others. For Example , EUR/USD is pretty volatile and prone to random spikes , at least in my experience . USD/CAD , on the other hand , moves pretty smoothly. That said , it also depend on your strategy and what that strategy requires to be successful.

  9. #19
    Well, I have updated my trading skill gradually and frankly when I opened my demo then I added only EUR/USD and GBP/USD trading pair, but right now I am active on Forex, CFDs, Indices and Metals! I have added new trading instruments in my live trading chart gradually in order to my trading performance! Whatever, I seem novice traders need to work with limited number of trading instrument!

  10. #20
    Join Date
    Nov 2015
    Location
    Barbados
    Posts
    10
    It very much depends on your timeframe and your trading strategy. You'll find more opportunities in the short term and so if you're an intraday trader you can focus on fewer pairs (possibly even one). Interday you can afford to take on more positions and the opportunities will be fewer.

    In terms of your strategy you should do your backtesting and determine what kind of pairs your strategy works on and try not to take on too many correlated positions. I look at 4-5 pairs and only open or close trades around the New York close (5pm EST, I've been working on this since the spreads are very high at this time)

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