thread: Trading 9 pair every day

Bah humbug!

9 orders a day? Can you concentrate on this many orders every day? Have you determined that the correlations with these currencies along with other pairs? Can you have stop-losses and risk management parameters set?

Please! Safeguard your money and respect risk along with the market.

If I could propose, start with 1 currency pair and the moment you master it, work your way to additional pairs.

I am a currency day-trader and stock swing trader and I can testify to the truth that if I trade a lot of markets or split my interests, I always get crushed. . .bad. I've learned to stick with EUR/USD and maybe a stock ETF.

USDYEN
USDCAD

hi
USDCad hit the first tp. So I move the sl on the entrance of the 3 orders.
I remove the reverse orders.
Good fortune

HI
GBPYEN struck the initial tp. So I am going to transfer the sl on the entrance point for 3 other orders.

Sweet, if you can manage all of them and have the resources to handle drawdowns on many (or even all) of these, why don't you? I take it you are most likely getting assistance from robots or ea(s). Clearly you can pair a few correlated pairs to hedge the drawdowns, but you are also hedging your profits.

Either way you cut it, it comes right down to using a fantastic system (or systems) in position and your direction of them. You have to have the ability to accommodate as well.

Good luck.

Thanks for your comment
but there is no any hedging system. We set the orders for ching the trend, but if the market goes oppose of what we believing, in the place which the primary orders ceased out, the reverse orders will make up the losses. You can have great result in a long-term
only stop and reverse
I will tell the principles of this technique of trading after possible

I have also decided to monitor 15 pairs and exchange them when ever chance arises based on pure price action.

But I have opted to exchange on a weekly and monthly basis- 1 trade per week per pair to prevent overtrading.

You are right, but we do it for years,and we exchange this manner, and we have weekly and monthly transactions egies.
I had good result with this system of trading, so I am convinced it may be usefull for other people too.

I also have decided to monitor 15 pairs and exchange them when ever chance arises predied on pure price action.

But I have decided to exchange on a weekly and yearly basis- 1 transaction per week per pair to prevent overtrading.

USDYEN
USDCAD

because you can see there's no time and we left supporting the market so to start with, let me place all positions and we could have talk about it
GBPYEN
EURYEN

CHFUSD

AUDUSD
NZDUSD