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

I usually like sticking to the major pairs. I might start with 1-2 exotic ones too, but as of now am only on the majors.

 

So you are in the same place as me at the moment. Been trading majors and now looking to go exotic. Let me know how your experience with the other pairs goes.

 

I still think USD, EUR, GBP are some of the best pairs to trade, nothing else compares.

 

I am trading on multiple pair, just to test the correlation between pair to hedge and observe to anomaly floating profit loss like as in eurjpy with eurusd, gbpjpy with gbpusd, usdcad with audusd

 

I am of the view that limiting yourself to a few currency pairs is a negative factor. Only in the beginning it’s better to focus on 1 or 2 pairs but eventually one got to expand what they trade in.

 

Diversification can also be in the way of different markets. I am using many different accounts for my different investment types. Like for CFDs I have my trading account with Octafx, got some investment in digital currency with etoro and for currency trading I’ve been using fxview and xtb.

 

Honestly I am not much for hedging as I feel volatility is what makes the markets tick, no?

 

Agree with you. How many pairs are you trading currently?

 

I just for testing correlation currency between currency pair, which there positive correlation and negative correlation, let say eurjpy vs eurusd, usually has positive correlation, although not always

 

I disagree. You will lose track if you concentrate on many different pairs. Fundamental analysis is not possible this way.