Which currency are you trading? - EUR/USD/AUD/JPY?

[Johannab]

Use it if you know how to. Better using it than wasting hours analyzing the best trade openings and patterns.

 

[Cesiuko]

You are right, you have to work with the fact that at least more or less, you know, there is also the possibility of making unnecessary losses.

 

[markteshorn]

I believe using as many instruments as possible and the ones that are offered by the brokers. This I say after losing heaps thanks to the cloudy judgment that led me away from the exit strategy.

 

[outhoe]

Heard about autochartist? That’s the chart pattern software I use for scanning trading instruments and recognizing the trade set-ups depending on the S&R levels.

 

[Evrardmakon]

Use it if you know how to. Better using it than wasting hours analyzing the best trade openings and patterns.

Is it restricted to any currency pair among the majors, minors, or exotics? Let’s not forget the commodities and indices.

 

[outhoe]

I believe using as many instruments as possible and the ones that are offered by the brokers. This I say after losing heaps thanks to the cloudy judgment that led me away from the exit strategy.

It does for majors and minors of course if it helps in chart pattern recognition for exotics. That’s my latest interest area these days and finding it quite simple because of the audio and visual alert. Anyways, I’m not sure about commodities and indices.

 

[rihana]

I tried a number of times trying to judge the candlestick patterns but have miserably failed. I’ve spent agonizing hours analyzing the charts patterns and trends.

 

[shriekpurser]

You are right, you have to work with the fact that at least more or less, you know, there is also the possibility of making unnecessary losses.

I would say there’s no chance that losses can be escaped, even a 40% win rate is good

 

[LoganSilver]

Been a fan of GBPUSD for long, but now both economies are becoming so unpredictable that I am looking at other currency options. Wondering what other traders are trading these days?

I trade all major pairs. If there is an opportunity with high probability behind it, ill act on it no matter the pair.

 

[JimmyChoo]

trading on major pairs is very common and safe than others but we the traders sometimes have to trade on others pair to increase trading performance very rapidly.