This was exactly the same concept as picking a single timeframe. It just simplified my trading concentrating only on a single pair. When you’re a professional trader making tons of profit you can trade as many pairs as you want. However as you’re learning it’s best to concentrate on one pair. Here’s why:
- Each Pair is Unique: Trading a single pair allows you to learn how that pair breaths. You will know a lot about a single pair instead of knowing a little about 5 pairs.
- Speeds up Learning: Trading a single pair with a single time frame gives you only 1 chart to look at. This allows you to concentrate all your analysis on a single pair.
The idea behind picking a single pair to trade is a simple one. It is all about simplifying trading so you can learn to become a consistently profitable trader.
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