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Can I follow all of a persons trades not just one pair?

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May 25, 2012 02:26 pm
CFXsignals User

Posts: 359
Member since: 21/05/2012

Actually thats quite a big weakness of the autotrading system.  Although some traders fall in love with a pair, occasionally there are profitable opportunities in other pairs.  For instance, you could be long term position trading one pair trading it 1x a month, and scalping the eurusd everyday, yet both give similar returns.

Jun 08, 2012 01:53 pm
nikotien User

Posts: 26
Member since: 22/04/2012

Can I follow all of a persons trades not just one pair?

in my opinion, we could have followed the trade of another person as a reference. but we should be able to focus with a pair that we will use to trade. we will be able to learn the skills of our trade and we will very likely be able to develop our own trading.

Jun 08, 2012 02:22 pm
newentry User

Posts: 29
Member since: 16/08/2011

Originally posted by Champ

This option is not available yet.

But it is very easy to do so. Usually signal providers trade few currency pairs. You can check it on their pie chart in performance section. Then you can simply choose the signal provider by selecting those currency pairs one by one.

 



i see that you can make simple for your trading and i like it, you have already used the best strategies till you can make it easy

yes and i agree with you, we have to make it simple and easy and then we will get the understanding from it with correctly..

Jun 09, 2012 03:49 pm
CFXsignals User

Posts: 359
Member since: 21/05/2012

Some traders effectively hedge their positions - eg: long in eurusd, short on gbpusd (hedging the usd) - and strategies that employ this sort of tactic will not be emulated if you just follow one pair.  There are providers of course that focus exclusively on one pair I suppose and there is no disadvantage for those following them.

Jun 10, 2012 02:29 pm
Jogi User

Posts: 685
Member since: 06/06/2011

Originally posted by CFXsignals

Some traders effectively hedge their positions - eg: long in eurusd, short on gbpusd (hedging the usd) - and strategies that employ this sort of tactic will not be emulated if you just follow one pair.  There are providers of course that focus exclusively on one pair I suppose and there is no disadvantage for those following them.



Usualy trading style is mentioned in performance details of a trader (under performance chart). But I think before selecting a signal provider, traders should ask all questions that they have in their minds. It will clear many doubts.

http://www.fxstat.com/widget/link?t=wide&c=1&s=26883&o1=growth&o2=drawdown&o3=monthly&o4=equity

Jun 11, 2012 09:08 am
CFXsignals User

Posts: 359
Member since: 21/05/2012

True, but most traders need to adapt to conditions - what works in one month does not work in another.  If you trade only one pair with one strategy prepare to endure some bad periods.

Jun 12, 2012 01:53 am

Posts: 66
Member since: 08/06/2012

Most of signal providers trade limited pairs that why this is happening but you can overcome this when you follow more than one signal provide for example at one pair you choose to follow signal provider a and for other pair you can choose to follow signal provider b, in this way you can enhance you dealing pairs.

Game is not over Till it's Over

Jun 12, 2012 04:15 pm
CFXsignals User

Posts: 359
Member since: 21/05/2012

I don't see the point of that because that would be making your trading decisions based on someone else - surely the best way is an option to follow all trades no matter what the pair.

Jun 16, 2012 03:01 am

Posts: 66
Member since: 08/06/2012

i think this is not a good idea to follow a trader all trades. For this purpose we must make a analysis to find out in which pairs trader is as his best and perfoming outstanding than we choose the pair and if we want to trade with more than we mist consider more than one providers.

Game is not over Till it's Over

Jul 06, 2012 12:33 pm

Posts: 194
Member since: 26/04/2012

If you want you can trade with different pair and can able to increase your profit and even i am just learning more about forex trading by practicing in demo account so that i can be in good profit.

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