Single pair trading or double pair?

[TheUltraElite]

So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.

With time a trader is able to identify more than one trading pair to be profitable. So it is defenitely recommended, but do not over do it. Dont end up having to analyze more than what you can digest. Sick to some pairs that you have found to be profitable over the years and keep a lookout for the trends.

This is possible after having gained some experience over years. If you are newbie, you might want to real time trade your previous pair while paper trading the possible next pair. Then you can be satisfied whether your assumption was right or wrong.

Make sure that the first pair you started with is still within your predictable limits. Dont attempt to use a new pair just to cover up losses made in another pair.

Do I need your sincere advice?

Actually you dont. What you do is your own decision.

[Zilon]

Try to do both of it and see how effective you are with either of it. We're not the same as we trade and results really vary as per trader. You have to look it at your own experience which is more profitable to you. So if you're good with the first pair and it's profitable then try to stay there for a week or so and then if it's no longer profitable, change your strategy and do the other. In the end of it, it's still how you trade, how you analyze and decide per trade you do.

Double pair (twin trade) can be very tempting atimes and it invariably stresses the account size. For me it would be better he masters single trading get comfortable with it then advance to double trade and if @op decides to double trade then he should scalp with the second trade to avoid bearing losses bigger than his account size

[RILWAN]

Double pair (twin trade) can be very tempting times and it invariably stresses the account size. For me it would be better he masters single trading get comfortable with it then advance to double trade and if @op decides to double trade then he should scalp with the second trade to avoid bearing losses bigger than his account size

I guess both single trading pair and double trading pair are in the same category but with different perspectives that made them relatively different in operations, I will build my trading skills more using a single pair and thereafter increase to double pair trading as time goes on.

[Mamun74]

You can do both but i suggest you, You can start with single pair trading and double pair with similar time.  Trading is a Risk but i think it can get profit short time. When you start trading then you must need to patience and control your emotion. You build you trading skill.You need to good trading activities.

[Mahanton]

So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.

Do I need your sincere advice?

You are the ones you could answer it on yourself because you do have the money and you do have the control.Find out which method or path that it seems to be profitable for you.
You wouldnt know unless you try because things that do works on others doesnt mean that it would also work on you thats why the best thing to be done is to test out for yourself
but if im on such situation where i do have lots of capital or bigger then i would go for couple of pairs.

[RokokGudangGaram]

This is just my suggestion and my personal opinion, don't go with one trade with large capital it can easily ruin your fund. There was some things written on the books that I have read before that every trade you are doing should not exceed 10% of your total capital, for example you have a total of $100 then whenever you open a trade you should only use a maximum of $10 per trade.

[crwth]

I think that would depend on your strategy and your approach towards trading. Whether a single pair, double pair, or multiple pairs for your strategy. If you can monitor more coins on the specific strategy, then it's best to have numerous pairs. You should do that by that is to decide your trading limit and hope that it goes your way.

You can imagine it this way. If you have a $1000 balance and have double pairs, you could either split that $1000 on the specific pairs, whether you will use the $500 or split it to multiple trading opportunities by averaging your entry point.

Having multiple pairs could give you more trading opportunities, and that would be awesome if you could trade it all. That's what I do with my spot account and continuously change it 24/7 with my Gunbot. It makes it easy to deal with multiple pairs, and the averaging entry point is automatic if you set it to your strategy.

[RILWAN]

So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.

Do I need your sincere advice?

If you're already profitable on the single pair I don't see why you should want to seek more capital and sink it there just to expand into more pairs. Why not you allow the account grow slowly but steadily. That way you also get to build your confidence level and have a full mastery of your trading system and plan. No trader is profitable just because they trade many assets or instruments. No, it doesn't work that way. In fact, it misleads and distracts traders who do so, except they already had a firm grip on the system they've. There are traders who only trade Bitcoin and are profitable doing that.

This strategy is what am using right now and to some extent, it producing positive result as my profit margin have increase significantly and all signal working in collaboration.

[AakZaki]

Trading requires capital management. don't put everything in one basket. You may need several other altcoins to trade, but if you only focus on one coin it's fine as long as your management and strategy are right. do not use all the capital, use it wisely so that when the price continues to fall you have a reserve of funds to buy at a low price.

[gabbie2010]

Of course it would be better if you trade your capital in different pairs. It would be better to trade in different coins. However, it will be a little difficult in the beginning. Because it is difficult for a beginner to keep an eye on different pairs of different coins. But over time, that is likely to change.

Trading in different pairs may increase your profits quickly, but that is also subject to high risk. As a new beginner, I think it’s better to stick to a pair for some time before jumping to another. If you have already skilled yourself in that pair, you can then move to add another coin. This way you will not be taken off the guide.

Though cryptocurrencies price usually move in the same direction based on the market sentiment of bitcoin, however trading with two pairs will enable him to have options due to varying Price Action of each of the pairs thus trading opportunity will differ from pair to pair, sticking with one pair means fewer trading opportunity thus small profits whereas trading two pairs will enable him to earn more profits provided that he will be consistent in making profits.

[Ararbermas]

So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.

Do I need your sincere advice?

if you want to ride for the hype only then probably its a good idea to have another pair so that you ride immediately and can obtain quick profits. If not and you want to trade for long term then rely to one pair which for you can guarantee a good return after all, such bitcoin or ethereum because these two is already proven and tested so you should focus on it. Don't rely with new project remember that, unless if you know it will last and make good results, because if not it's a big mistake to rely in it. So think about it always.

[BIN-BIN]

My advice to most newbies traders is to take things easy and take the time to develop and grow in the strategy before diving into more complex trading methods, double pair trading is one of the most complex trading methods and one need to master the timing and ride with the hype of the market otherwise you lose your trading capital.

[huu78]

I think multiplying the nets would be more profitable. If you want to catch fish isn't it better with many nets and different places?
Because if you focus on 1 coin and the market is in the red, you have no chance to cover losses. But if you have a lot of different coins you still have a chance to cover other losses.

[seleme]

Like in forex markets, you have to sell one option for another one unless you wanna hedge pairs in order to protect future volatility effects. If you think one coin will perform better against another coin choosing that pair for trading is smart idea but some pairs are more volatile than others. Having a inner feeling will tell you which option will suit your trading style.

[Silberman]

So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.

Do I need your sincere advice?

Have you been profitable by trading this way? If so it seems to you that a great deal of the time you are not doing much and as such you are missing some profitable opportunities? If this is the case then I think you are justified in trying to expand yourself and trade more pairs, but do so slowly, there is not need to try to trade so many markets at once especially since you do not know what is that like, so adding one pair to your current workload seems like the right thing to do.

[Lanatsa]

So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.

Do I need your sincere advice?

Have you been profitable by trading this way? If so it seems to you that a great deal of the time you are not doing much and as such you are missing some profitable opportunities? If this is the case then I think you are justified in trying to expand yourself and trade more pairs, but do so slowly, there is not need to try to trade so many markets at once especially since you do not know what is that like, so adding one pair to your current workload seems like the right thing to do.

Doesn't matter on what way as long you do make profits then that what matter the most.You could deal with lots of pairs as long you do able to handle it out but of course it would really be needing some

effort because handling out lots of pairs does basically means that you would need too watch up lots of trading charts on it which means if you are really having some extra time or going full time

then you could handle it but if not then 1 or 2 pairs would be enough or does really depend on your preference and capital of course.

[Vaculin]

So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.

Do I need your sincere advice?

I can tell you that was okay but I can't tell you if that really works on you. I think you should have to try it, in fact, you can stop it if you never see good results. It is all about self-assessment and nothing who could do that but it was you.

I use 2-3 trading pairs very often, most on stablecoins pairs. Well, of course, I'd never say it all in profiting as we know that losses might be happening but if we don't get hard to manage our trades, it means it was really good to go. You'll certainly have to try it.

[chaser15]

So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.

Do I need your sincere advice?

What's the result? You should give your time making a result. Trading on single pair or not, both have the ability to give you profit. Just continue trading for long and see what's the effective thing to do. The result will not be seen in just a few trades. You need lots of trials and tests.

Continue trading and build your own trading experience. It will help you to decide later on.

[martina14]

Well, based on my experienced and what I am doing now is that I do both single and double pair due to it gave profit to me actually and it depend in the scenario in the market whenever I decide to do it. But of course if you have a better idea aside from this matter you can tell us here or share anyway.

[traderethereum]

That will be up to you because that will depend on your skills.
If the market moves are not fast, two pairs will be good as you can monitor those pairs together.
But if the market moves fast and one coin shows good progress for up and down of the price, I think one pair is enough because if you try with the second pair, you can feel difficult to monitor the movements.
Unless you have high skills, you do not have to use two pairs at the same time because that will need more focus to analyze the movement.