momo3HC
Sergeant Major
- Messages
- 567
Good advice. Focus is essential.There are patterns that are clear to see on a daily basis if you study one pair. No need to jump between pairs as many do.
Good advice. Focus is essential.There are patterns that are clear to see on a daily basis if you study one pair. No need to jump between pairs as many do.
I am from this type of traders!!! I always explore the correlation and mutual influence of the particular currency pairs and it brings me not only a real satisfaction, but also it helps me to understand the regularities happened from time to time to the market.Focus on one pair is indeed good for understanding the character pair, but sometimes traders learn the correlation between pairs, this also gives valuable lesson if every pair has uniqueness correlation
Sure. I wonder why there are some rookies who take several pairs into consideration and tracking right away. probably, they don't know that such actions and moves will never lead them to something outstanding and never help them to reach the success. Multitasking is a perspective strategy and skill, nevertheless it's not for newcomers at all. Even professional traders stay off the idea of trading several pairs simultaneously, because there is nothing good in it.Certainly most major pairs are interconnected and influence each other to some extent, and it's good to understand that. However, exploring several pairs at the same time is only really advisable to experienced traders.