Despite similarity instruments other than forex has some subtle differences in price characteristics as well as specific irregularities which we can capitalize on, though it requires lots of research
Usually I like to trade in major pair like EURUSD, GBPUSD, sometimes EURJPY, in metal commodity I like trade on XAUUSD and XAGUSD, not yet trying another CFD products.
I have diversification in my mind to divide risk. Currently, I am just into forex trading and studying other assets to see which one would be a better option for me.
It’s good to diversify your money over time. But if you are just starting out, you better stick to one asset. Forex trading is a good one to start with.
Focus on one trading pair indeed make it easier to control the risk, a trader who like to work use averaging trading, only choose one pair to focusing trading strategy
Gold and major currency pairs are my most favourite. I have been hearing quite a lot about cryptocurrencies these days and so, think they will make a good addition to my portfolio.
gold is okay but this pair has much volatile speed which is really challenging to predict the real faction of this market with certainly.
I have always traded crypto along side forex, just those two. Though I took a break from crypto for a while due to personal reasons, but recently rekindled my interest when I saw that my broker forexchief allow crypto trade, especially the digital currency and USD pairs I prefer including BTC, ETH and Litecoin with good rates.