Do you prefer trading only Forex or indices and other instruments too ?

waynejackson said:
I am a forex trader but these days I’m also getting my hands on to crypto trading. Taking it slow as it’s extremely volatile and unpredictable. Honestly I find it more difficult than forex.
Will try some less risk averse assets as well but haven’t really decided about it yet.
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crypto is a very risky issue even though there is good risk management ,
 
I am a believer in fund diversification. I don’t think that it is good to put all your eggs in a single basket in any sphere of life. Trading is the same and so, I trade forex, indices, cryptos, and commodities.
 
I concentrate on forex as far as my trading is concerned. I play safe with a micro account supporting negative balance protection and use a stop-loss for every trade. However, I have invested a low amount in crypto as well to diversify my portfolio.
 
It’s never a single asset that I trade because portfolio diversification is an important part of my trading plan. From the very beginning, I added risk management and money management to my trading plan and have been following them since then. It’s going great for me so far.
 
Portfolio diversification is the key to staying longer and earning well.
But it is not at all a good idea to start all of these at once! Forex is a nice option to start with and you can diversify later when you have gained experience to decide what to do next!
 
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