How many trades should I have simultaneously open?

[andi_kow]

How many trades should I have simultaneously open?

this is based on your risk management

 

[Yorz_Kaiser]

For small accounts I recommend a maximum of three operations to avoid a lot of leverage

 

[mlawson71]

Most newbie traders have difficulty overseeing more than three trades at the same time to begin with.

 

[Daantje Pieters]

If I manage risk and trade, I can trade a lot in one day, but first I have to trade by maintaining money management and risk management. If money management and risk management are right, I can trade a lot with good analysis. And you have to maintain discipline and plan in every trade.

 

[mlawson71]

So how many traders do you tend to keep open at the same time?

 

[Chuks]

How many trades should I have simultaneously open?

Four to five pairs is recommended

 

[mlawson71]

Five currency pairs? Some people have multiple positions opened for the same currency pair.

 

[Alexhunter]

If your a beginner stick with one to understand more about live trades and later you can have three open because that is the average number of trades open by most traders.

 

[jjmajj]

It all depends on the size of your account and the type of entry you are making,
do not get saturated with so much information

 

[Daantje Pieters]

I think it is better to open any trade to maintain money management. If you can't maintain money management and risk management, you can never trade extra. This can lead to investment losses. There is a lot of research in trading that should be done in trading. It is possible to make a lot of profit in trading by acquiring education.

 

[Pauly72]

2-3 trades open at the one time keep your bank safe

 

[Juan.Anto]

It totally depends on your trading experience on how many brokers you can handle simultaneously. If you are a beginner, stick with open because having too many open can make you lose focus on the trades with higher profits.

 

[Daantje Pieters]

In order to trade, you need to have an idea about many strategies. If a trader does not have an idea about the trading strategy, he will never be able to make a profit. First, a trader has to develop a strategy. If the strategy can be developed, it will be much easier to make a profit.

 

[Sicario]

Shouldnt open to many trades you will blow your account, one trade per day

 

[mlawson71]

I think one trade per day is a bit too arbitrary, but one really should not over trade.

 

[taichiken]

I think no matter, how many, the main idea is how many pairs you can handle and evaluate the progress of the pairs.

 

[Matthias]

How many trades should I have simultaneously open?

Depends

 

[Daantje Pieters]

The better my experience, the more profit I can make. If I have a good trading idea, I can make a profit by trading a lot in one day. This requires patience and a plan with which I can make a profit. As a trader, I need to have an idea about many strategies.

 

[mlawson71]

Personally, I think a few strategies are enough but one needs to know and understand them very well.

 

[ang]

focus mainly on one pair but you can have a few open just look at the charts so you dont miss anything going on,on the charts

I agree. I think people tend to overtrade, overleverage, and then boom.