Do not trade many pairs at the same time

[SuperCrypto 7193]

In my opinion, the more you focus on lower pairs, the better your performance, especially as a beginner trader, your focus on specific pairs will give you the ability to save their movements more accurately which makes your task in predicting price movement easier.
What do you think traders, do you have a lot of trading pairs or do you prefer to focus on specific pairs of trading?

[rekter 8129]

I trade the best charts i can find and honestly i don't have time to watch too many at once, some of them move slower so my swing trades trades are on hold, i don't want to cut my losses yet and i have to use others to make money so i don't use my time for just hodling.

 

I am not sure why would i even want to trade too many pairs at the same time. It's just time consuming even to find them. I rather stick with few good ones.

[SuperCrypto 7193]

14 hours ago, rekter said:

I trade the best charts i can find and honestly i don't have time to watch too many at once, some of them move slower so my swing trades trades are on hold, i don't want to cut my losses yet and i have to use others to make money so i don't use my time for just hodling.

 

I am not sure why would i even want to trade too many pairs at the same time. It's just time consuming even to find them. I rather stick with few good ones.

It is normal for a trader to search for better pairs, but in the end his choice may be based on a specific number of pairs that are suitable for trading depending on current market conditions.

[SuperCrypto 7193]

3 hours ago, Atif71 said:

Well I prefer to focus on specific pairs for trading because if you start trading in many pairs you cannot understand market conditions very well and you cannot focus on your trading in my opinion always prefer to invest in those pairs which have good trading volume improve your trading skills and make good analysis on different pairs

This is a good strategy. When you continue trading against Bitcoin, for example, you understand very well the market conditions in terms of bitcoin, and your experience of how to deal with bitcoin pairs increases and you keep the highs and lows of the currencies you are trading on because you focus in this direction.

[BTC Future 3946]

Trading too many pairs can be an obstacle into a succesful strategy. I would advice up to maximum of two three trades especially for not experienced traders. Even experienced ones will find it hard to process more than three.

[Shahud 1319]

trading with multiples pairs at the same time looks vvery difficult to manage specailly for the non experienced person .i just want to suggest to trade with maximum of two trade pairs at a time so that it gonna work and we don't end up with loss

[SuperCrypto 7193]

16 hours ago, vincedig said:

yes dear same time investing on the many pairs to invest it is more difficult work to manage and not pay attention to all pairs. i am fully agree with you create best post and share good stratgies. trading is more risky business there is a huge loss if trade show bit clear less.

Therefore, choosing the right currency pair for trading on the currency market, noting that the major currency pairs have a greater trading volume in the currency market compared to those unfamiliar pairs.

[bachnhuc8273 231]

my bro, you cannot focus on your trading in my notion hardly ever finance to depute in those pairs which have goodness trading volume improve your trading skills and make good Analysis on different pairs

[SuperCrypto 7193]

17 hours ago, Master of Btc said:

no for me i see 5 pairs in the same time and whene i open i trad i open it for i good one and if there is more then 1 pair i will open it too 

It is important to understand how currency pairs work. Many of these currency pairs are interconnected in their price movement so that they may not be exactly the same, as they move in the same general direction.

[SuperCrypto 7193]

On 4/29/2020 at 3:13 PM, Tawhid03 said:

Yes we need too focus on the best lowest crypto for tread.There are many coin now in market.But some time we do not find the right pair.I think focus on the low rate crypto is good.

Some well-known exchanges completely avoid using paper money by only offering pairs in cryptocurrencies. The most common cryptocurrency pairs are Bitcoin / Litecoin or Litecoin / Bitcoin and Ethereum / Bitcoin or Bitcoin / Ethereum. However, there are a lot of cryptocurrency exchanges that allow trading in US dollars and after getting profit you can close the deal and start another deal.

[Jeet Narayan 1940]

Actually I'm focus on specific pairs of trading because this reduces the risk and makes it easier to trade. I trade following my strategy and I never trade in multiple pairs. In specific pairs easy to realize when to buy and sell.

[Maroua 1159]

I was in Forex. I always watched the price of the dollar pair. This was my only interest, because I don't know anything about other currencies, perhaps because I got used to a lot of these currencies, but now I am interested in bitcoin.

[George10 9932]

I'm not yet a trader but I'm studying these things and in my opinion I think it's better to trade one pair at a time first as a beginner because it will be easy to handle or monitor than choosing many pairs that might end up confusing you.

[Honny143 13612]

Well bro iam not good trader and still learning in trading, but i think trade in so many pairs is not good strategy, because we cannot consantrat in all pairs, so trade in only good volume and profitable coin its good strategy.

[CryptoMaxim 3829]

It depends on what style to trade. If you place orders for a long time, you can trade several pairs. And if you trade by scalping several pairs is impractical.

[Red-Jones 1150]

I prefer to trade with just one pair, I prefer to trade with the pair: ETH-USDT, for the following reasons:

 

1 - when the person trades with a pair, the person has more time to do research on the altcoin they are trading

 

2- it is easier to follow the news and has little pump and dump

[Jessica Karren 1242]

I mostly trade with two or three trading pairs, if you have experience then it's not difficult for you to handle these pairs. Once you have an idea of how these pairs functions then you can add in more or create your own currency pairs

[SuperCrypto 7193]

14 hours ago, Anwyll Axel said:

Exactly it's become hard for anyone especially for newbies to keep an eye on many trading pairs according to the movement of market. So it's better to just master in one or two trading pairs only and make your trading easier.

You must choose the trading pair that you want to focus on according to the direction of the market, in the case of Bitcoin falling all currencies fall against it and in this case I am heading to trade in these currencies against the dollar to achieve profits.

[magd 5231]

This theory is not comprehensive and cannot be considered correct at all times, my friend, because this depends on the type of pairs that we will be trading in addition to the period. The appropriate time must be chosen. I agree with you with only one point, which is that it is not necessary to increase the exchange of pairs of new unknown symbols.

[Sugibengi 390]

On 4/24/2020 at 4:58 PM, SuperCrypto said:

In my opinion, the more you focus on lower pairs, the better your performance, especially as a beginner trader, your focus on specific pairs will give you the ability to save their movements more accurately which makes your task in predicting price movement easier.
What do you think traders, do you have a lot of trading pairs or do you prefer to focus on specific pairs of trading?

I focus more on certain trading pairs, because if I use a lot of pairs it will only make me unfocused, and my trade will suffer losses. Choosing coins to trade is very important, because trading success is in the type of coins I trade.

[Whited35 15285]

The best suggestions for every successful traders can be, adjust certain trading pairs which you can actively track to get benefits. Choosing so many trading pairs may create confusion and also you may not find enough time to track the real time market trends to get benefits. 

[Sanghar 1]

As yes It can be very difficult to do business with multiple pairs at the same time, especially for the inexperienced. I want to trade with a maximum of two trading pairs at once so that it doesn't work and we end up with a huge loss

[Demotach 45]

I personally focus on a few and do not regret it, yes a lot of time, yes it is difficult, but it brings profit and I am satisfied.

[Guada 43]

indeed because you could lose track of what orders you have.

[Tunuu 2235]

Yes mate we have to trade different pairs because if we invest all the money in the same pair we will get loss if that pair pair will fail. Beginners should be careful about this because they can loss money if they not be careful.