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Author Topic: Single pair trading or double pair?  (Read 390 times)
Tessnik
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October 01, 2021, 07:24:05 PM
 #61

Trading requires some level of technicalities and if you have not mastered a pair, it will be dangerous to dive in for double pair unless you do that on an exchange that allows the stop loose features in that way even if you are not active on a pair you don’t have to border about losing as your trade will get executed once it reached the limit you have set.
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October 01, 2021, 08:54:33 PM
 #62

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.
Skills and experience would really vary because this would really be your foundation when it comes to trading and of course with having sufficient capital because double pairing is something needing with capital also

and handling out two at once is not really just the same when you are handling one plus this current condition or characteristics of the market where everything is unpredictable then its really important
that you should really know on what you are doing.

Its up on op's choice because its his money and as long he do able to handle those things up then its his choice.

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October 02, 2021, 01:30:37 AM
 #63

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.
Skills and experience would really vary because this would really be your foundation when it comes to trading and of course with having sufficient capital because double pairing is something needing with capital also

and handling out two at once is not really just the same when you are handling one plus this current condition or characteristics of the market where everything is unpredictable then its really important
that you should really know on what you are doing.

Its up on op's choice because its his money and as long he do able to handle those things up then its his choice.
We better suggest he do one pair to see how good his skills in trading are for a week.
If he can handling one pair without a problem, then he can try to analyze more to find which pair that looks good for him and start the next pair.
If that will not be a problem, he can carry on with that and continue to trade while he needs to see how good the result is after two weeks.
Maybe in this situation, he can try with two pairs as the market moves good but be careful because the market is still unpredictable.

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October 02, 2021, 09:20:06 PM
 #64

It depends on your acquired knowledge over time as you can decide to trade in both ways to make quick profits, single pair is only advised for newbies who have not to build adequate trading capacity and are easily carried away by emotions.

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RILWAN (OP)
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October 03, 2021, 01:45:17 PM
 #65

Thank you all for your comments and contributions, I guess I will have to stick to the single pair trading am used to and build my knowledge and skills before moving In to add another trading pair.

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