Does the method have to change depending on the currency pair?
A frequently asked question
“What is the recommended currency pair?”
First and foremost, it is undeniable that currency pairs with low spreads are advantageous for us traders.
Therefore, if answering this question, it would be currency pairs with low spreads such as EURUSD or USDJPY.
However,
does that mean the method must differ by currency pair??
The answer to that question is NO.
As I have written before, a truly effective method can be applied broadly, whether it’s minor pairs, exotic pairs, gold or silver, or stocks.
It should be widely applicable.
For example, it can be used for USDJPY, but not for the deadly Pon-specified currency?
There is no such thing as that.
Longtime readers may know that I have, on my blog and Twitter, released early information on exotic pairs, gold, silver, stocks, and even cryptocurrencies, and have had success.
Of course, I used the same method for all of them.
In conclusion, what I want to say is that, when creating a method,
stop trying to attribute the reasons for misses to individual currency pairs, and instead create something that works across all currency pairs.
End
“What is the recommended currency pair?”
First and foremost, it is undeniable that currency pairs with low spreads are advantageous for us traders.
Therefore, if answering this question, it would be currency pairs with low spreads such as EURUSD or USDJPY.
However,
does that mean the method must differ by currency pair??
The answer to that question is NO.
As I have written before, a truly effective method can be applied broadly, whether it’s minor pairs, exotic pairs, gold or silver, or stocks.
It should be widely applicable.
For example, it can be used for USDJPY, but not for the deadly Pon-specified currency?
There is no such thing as that.
Longtime readers may know that I have, on my blog and Twitter, released early information on exotic pairs, gold, silver, stocks, and even cryptocurrencies, and have had success.
Of course, I used the same method for all of them.
In conclusion, what I want to say is that, when creating a method,
stop trying to attribute the reasons for misses to individual currency pairs, and instead create something that works across all currency pairs.
End
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