Quote:
Originally Posted by pipraider
Sounds like a pretty cool idea but the only downfall is that it maybe time consuming to focus on that many. Its best to specialize, why spread yourself thin allover the market and be average instead of being great in one currency pair unless you have extensive knowledge of the currency market you will have trouble doing this.
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Hi,
Thanks for your reply.
The reason for checking 16 currency pairs is that you can always find at least one good and clear signal in one of them but when you get stuck to one currency pair, you have to wait for a long time to see a good signal sometimes. This is dangerous because it will make you tired and then you force yourself to enter to a trade while still there is no good signal.
When you wait for a long time, emotions start working and realizing you that you should buy or sell now and it is the time that your stop loss will be hit.
With 16 currency pairs, you only enter with the BEST and most CLEAR signal. When you don't find any signal in 10 of them, you are hopeful that you will find a good signal in the 6 others.
Best regards,
Vahid