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The number of pairs trading in the broker does vary, but certainly more choices pair so many opportunities that we can get to be able to make trades with optimum. The brokers that I use now is Armada Markets, you can trade 62 currency pairs, spot gold and silver.
And what about your broker?
I don't know for sure. But for trading, i usually use 4 pairs. And i also try to maximize forex forecast to help me analyze market movement. If we want to get more maximal result, market must be understood.
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Brokers these days are offering different pairs for trading and also they are having variety of products in order to attract the clients, I'm using FBS and they are offering number of Pairs so that traders with the company feels comfortable and have different options to trade. personally i trade in GBP/USD and EUR/USD.
Any pairs we use for trading, we just have to understand market to make us be more know when the right moment to make order. We can try to maximize market news, forex forecast like i get in TenkoFx to help us making decision when trading.Quote:
Originally Posted by Rahul247
Yeah, I also agree with the fact that it depends upon the traders who are trading the market and their requirements what they wanna do in the market or the brokers with which they are trading, as a trader you don"t need too many things and only want to concentrate on one thing so that you can get maximum out of it.
It’s so great to have choice when it comes to trading as at the moment I am trading with OctaFX broker and they have over 50 currency pairs to select from and the best part is even not much investment is required to start 5 USD is more than good enough. I mostly trade on EUR/USD; it’s a pair that I have to pay only 0.2 pips spread for so really thanks to them I am able to trade without any trouble.
Yeah mate you are right it’s fantastic to trade on so many pairs but you forget that they also have got commodities and even indices so when you include that it goes even higher than 50 so this really is something that makes OctaFX so different and better than any other broker. Also, what makes me so excited working with them is their policy where I am able to trade with any technique including scalping, hedging or even news trading.Quote:
Originally Posted by Ray Ramalho
It's good to have many options in the Market but I think you only need to consider 1 or 2 pairs for better results, FBS Markets have many pairs but I only trade couple of them.
I thing so. We can have some position but we must understand that forex trading is not easy as we thing. Trader can start trading with demo account first to make us be more understand about forex. And i think, we also must maximize forex analytic when trading tooQuote:
Originally Posted by Rahul247
I agree with you on this fact and i think Brokers are cutting pairs after the SNB debacle, so good to have a good broker with good offering. My broker is FBS Markets.
I only see EUR/USD, I believe we should only concentrate on pair we feel comfortable with and that’s the pair I just mention, it’s always great to be working with many pairs for obvious reasons and I also get that with my broker OctaFX, but as I mention I am happy with EUR/USD and till I get this pair to work with I am always satisfied and most satisfying thing for me their low spread of 0.2 pips, it’s extra ordinary to get such a low spread to trade with.
Im thinking to trade with xglobal markets, does any1 here use them?
Hello Ericc5,Quote:
Originally Posted by Ericc5
I am an official representative of XGLOBAL Markets and represent our firm on social media channels.
Please let me know if you have any questions and I will openly answer them here on the forum.
Best regards,
Daniel Rees - XGLOBAL Markets official representative
thanks for replyingQuote:
Originally Posted by DanXGLOBAL
My Broker FBS Markets has many choices for the traders and they offer a lot to all their clients but for me I always like to trade 1 or 2 pairs like EURUSD and USDJPY.
thanks, xglobal markets does look interesting thoughQuote:
Originally Posted by Rahul247
It’s pretty tough to tell exact figure since this is something I don’t think too many people notice prior of selecting broker, it is always their reputation and reliability that’s look upon and that is where I found OctaFX pretty special especially given that they are regulated and well trusted while have plenty of pairs which at least goes above 50 figure, but again can’t say for certain given I usually prefer to trade on few pairs mainly major ones.
so far I know, my broker offers more than 70 currency pairs, however, I still trade with the most popular 8 Pairs (like; EURUSD, GBPUSD, GBPJPY and few more) along with GOLD as commodity. I'm trading with CMTrading and i am much happy with them because this is the only broker that helped me learning some strategies with depth research and that makes me capable of making money from the market.
I use EURUSD most of the times, but my Broker FBS Markets have many option for the clients to trade as many Pairs as they can