Wednesday, 7th November 2018

It's an exotic week trading Exotic currency pairs!

What an excellent trading session, I have already hit my target for the week and plenty more Pips banked.

Took all my trades during the Tokyo session and closed just after mid day and before New York market open.

A great trending market this morning on a number of pairs with full of opportunities for anyone to make plenty of Pips.

Today, I would like to discuss the importance of trading multiple pairs. I have received countless emails from traders

and they all generally mention about perfecting the art of one currency pair?!

Now, I have discussed this on more than one occassion but I would like to write about it again for new subscribers.

Firstly, there is no such thing as specialising on a single currency pair especially for a Retail Trader with a small trading account. You as a retail trader do not have access to market data, mainly the order book nor do we have fundamental knowledge or expertise to become a specilist, so let's leave that for the banks.

Put that aside, I do not understand why traders limit their potential of making a profit by sticking to just one pair which may not move in your anticipated direction. Trading multiple currency pairs gives you an edge to end your day with a profit.


Had I been trading just one currency pair, my results would be determined by that single pair alone and therefore I would be limiting my profit potential for the day, week, month, year and so on!

Take a look at my trades for today, Wednesday:

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