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#1
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I agree with you. To be a professional Forex trader, we should use all trading currencies. Never depend on only a few trading pairs, and never make your trading life too restricted. I like to trade all major currencies because of the low trading spreads. Besides, I am also interested in trading gold and silver. By the way, I get enough trading facilities according to this topic from the TradingBanks’ trading broker. Because I can trade more than 200 trading instruments with low trading spreads here, I am getting trading opportunities in all trading currencies and metals. Indices and CFDs So, easily, I can select a good entry point from the huge collection.
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#2
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Trading multiple pairs can offer diversification and potentially more trading opportunities. However, it also requires careful monitoring of each pair's unique behavior and can increase complexity. Starting with a few pairs you're comfortable with, understanding their movements, and gradually expanding can be a balanced approach. Remember, quality over quantity matters – focus on pairs that align with your trading strategy and offer the best potential setups.
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