Currency pairs
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Thread: Currency pairs

  1. #1
    Join Date
    Mar 2017
    Posts
    35

    Default Currency pairs

    Hello, Forex pros and newbies. Have a questions about currencies.
    Do you trade with several currency pairs or concentrate on one or couple ones?

  2. #2
    Join Date
    Dec 2015
    Posts
    381
    I usually focus on two, maximum three currency pairs at a time, though the exact currency pairs occasionally change. I don't watch less because some of them aren't suitable, at least to me, to trade at all times, and I don't watch more because I would miss things if I were to watch too many pairs at the same time.

  3. #3
    Join Date
    Sep 2008
    Posts
    40
    i cover 26 pairs, at any one time through out the week. i can have anywhere from 1 to 26 orders open

  4. #4
    Join Date
    Apr 2017
    Posts
    3
    i prefer trading in major pairs like EURUSD and USDJPY but mostly restricted to 4-5 pairs at a point.

  5. #5
    Join Date
    Oct 2016
    Location
    Devon, UK
    Posts
    320
    I only trade multi-day and through orders placed after the London close. This means I can view the charts of multiple pairs and always find an opportunity each evening, though I stick with the major pairs as the £ per pip cost to the stop-loss is then affordable. Many long-term trends in forex have evaporated in recent months so recently I find sometimes I am in a longer term (5-15 days?) position in a pair but also taking a shorter term (2-4 days?) trade in the same pair in the opposite direction as price bounces around.

    Once the trade is open, I use orders to exit so I'm not tied to the screen.

  6. #6
    Join Date
    Dec 2015
    Posts
    381
    Quote Originally Posted by scmonds View Post
    i cover 26 pairs, at any one time through out the week. i can have anywhere from 1 to 26 orders open
    How do you manage to keep track of them all? I admit I lose track if I have more than five positions open.

  7. #7
    Join Date
    Sep 2016
    Location
    Berlin
    Posts
    83
    Quote Originally Posted by scmonds View Post
    i cover 26 pairs, at any one time through out the week. i can have anywhere from 1 to 26 orders open
    Don't you use any fundamental analysis while trading them? Or... do you use technical only?

  8. #8
    Join Date
    Apr 2017
    Posts
    1
    As I`m new in all of this, I would appreciate any kind of help What are the best currencie pairs to trade, by your opinion? And why do you prefer that currencie pairs?

  9. #9
    Join Date
    Dec 2006
    Location
    Wichita Falls, TX
    Posts
    2,904
    Quote Originally Posted by scmonds View Post
    i cover 26 pairs, at any one time through out the week. i can have anywhere from 1 to 26 orders open
    You can have 26 open orders!?

    How do you account for overlapping positions and their implications for your total risk? For example, if you get simultaneous signals to go long EUR/USD and short USD/JPY, you ended up double short USD. Or if you were long EUR/USD and long USD/JPY you'd effectively be long EUR/JPY with perhaps a small residual USD exposure left over.

  10. #10
    Join Date
    Jan 2015
    Location
    Bangladesh
    Posts
    6
    I mostly trade USDJPY, AUDUSD and EURNZD-great liquidity and spreads on them, but sometimes news can lead to me opening trades on USDINR or AUDJPY-when I can be confident enough

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