How Many Currency Pairs Should You Trade? (Podcast Episode 4)

Поділитися
Вставка
  • Опубліковано 30 вер 2024

КОМЕНТАРІ • 220

  • @Pakalo97
    @Pakalo97 5 років тому +73

    Gold🔑🔑 since I first watched big banks video I’ve been more profitable in 2 weeks then I have 8 months in trading. Thank you brother.

  • @chrislarman1270
    @chrislarman1270 5 років тому +136

    Man I wish I found you a couple years ago, you keep it real and I have a lot of respect for you. This Forex world is full of sharks trying to manipulate people. This is a breath of fresh air and does so much for my trading psychology. Thanks VP

    • @youmbss
      @youmbss 4 роки тому +1

      Hey man, how far are you with your trading ? recently started

    • @ebi1217
      @ebi1217 3 роки тому +2

      @@youmbss maybe before 4years

  • @SirrahLore5
    @SirrahLore5 5 років тому +49

    Even if you had nothing of value to add, you are by far, the clearest speaker I have heard! Now add that to the most valuable infomation presented and its off the charts!

  • @RobertLoyale
    @RobertLoyale 4 роки тому +16

    2 months into trading...about 2 weeks ago, I told myself, I will never scalp again. Now I’m doing 4hr trades. So this 27 pairs on the 1 Day chart has gotten my attention.

  • @dmtr5554
    @dmtr5554 3 роки тому +2

    Me: He will propably say one or two
    nonsenseforex: 27!
    me: WHAAT THEE FFFFFFFFUUUU... 😂

  • @xayer98
    @xayer98 4 роки тому +11

    I JUST finished Baby Pips and I'm here and so so excited to start after I've gotten through your 201 "course." I still haven't technically started so I'm trying to start RIGHT 😎😎😎

    • @ZTheMoki
      @ZTheMoki 3 роки тому +3

      How's it goin

    • @neomotsamai9290
      @neomotsamai9290 25 днів тому

      I'm In The 8th Grade Right Now. Love And Respect From #SouthAfrica 🇿🇦

  • @fy8moto261
    @fy8moto261 5 років тому +11

    The Steve Jobs of Forex, Less is More! Loving all your videos and I’m soaking them all up! 100% confident that you are going to teach me the skills to develop into a successful Forex Trader. Thank you

  • @rahulchahal5360
    @rahulchahal5360 5 років тому +21

    Love your honest, informative, professional education.

  • @Deshawn1313
    @Deshawn1313 Рік тому +2

    Telling new traders to trade 27 pairs? Lol UA-cam

  • @janine8010
    @janine8010 4 роки тому +9

    Back when I played Poker professionally, I was multitabling up to 12 tables. Couldn't play more only because my monitor wasn't big enough.

  • @raigenesalter1875
    @raigenesalter1875 4 роки тому +5

    Thanks for spending your time helping to educate new traders. Such valuable content! It's very much appreciated sir!

  • @shednotes3016
    @shednotes3016 5 років тому +5

    I have deleted ALL before this discovery. This is THE only advice I follow. My L I F E has enhanced for the better......BIG TIME! T h a n k you.

  • @macksontemmie7272
    @macksontemmie7272 4 роки тому +4

    I "m so blessed to have come across your channel when i am just starting out in forex. your video is so impactful. i'm glued to this channel. Thanks for creating this channel and more importantly making all this information available completely free. God bless you so greatly sir.

  • @ArunJacob914
    @ArunJacob914 Рік тому +1

    Big mouth bluffing with no track record 😄

  • @jlrespicio
    @jlrespicio 4 роки тому +12

    "Currency pairs do not have their own unique movement"

  • @craigchook309
    @craigchook309 5 років тому +5

    Keep it rolling man! Excellent work! No ads. No nonsense
    To the point
    Cheers

  • @duartealexandre8712
    @duartealexandre8712 5 років тому +4

    I can't simply be watching your amazing videos while reaping the awesome content you put up, without EVER saying a huge THANK YOU for doing what you're doing for us. I'm not a new Forex trader, but I already had the opportunity of Wrecking a trading account because of that non-applicable information that's usually posted everywhere on the internet. Thank you once more.

  • @alialaadily5074
    @alialaadily5074 5 років тому +5

    Why I didn't watched your channel before I blown my account 🤔🤔🤔

  • @reasonforge9997
    @reasonforge9997 3 роки тому +1

    By my count there are 28 pairs for the 8 currencies. (8 x 7)/2...oh you don't trade eurchf...ok now it adds up

  • @benedictisaiaschan2630
    @benedictisaiaschan2630 5 років тому +7

    You're the best! Please keep on inspiring us sir!

  • @woodwardcw
    @woodwardcw 5 років тому +7

    Your channel is gold!

  • @Numbugg101
    @Numbugg101 3 місяці тому +1

    Hey VP, finished babypips with plenty of notes✔️ Very familiar with your approach and want to replicate as accurately as possible.
    I want to use Oanda but my daily close is GMT+2 = Midnight UK.
    I kinda know my answer , do I start my trade at 23:40 if so....why do you Insist everyone should get as close to your daily time frame around the world? 13:40 PST better for world trading?
    Second Question (I know you hate) does Oanda have 2hr ahead start on where the actual fx market will go for their UK customers? Possible manipulation? As the daily close should be 22:00.
    Just want to trade at the correct time of day as you suggest but am I over thinking.
    Many Thanks.....your work is outstanding 👏

    • @NoNonsenseForex
      @NoNonsenseForex  3 місяці тому

      A future pod episode will answer this thoroughly

    • @Numbugg101
      @Numbugg101 3 місяці тому

      OK, I will keep following the process. Thanks 👍

  • @franceldessou863
    @franceldessou863 4 роки тому +3

    you're just amazing, thank you very much for all you give💗

  • @NOL1FEK1NG
    @NOL1FEK1NG 5 років тому +5

    Boom! Whatelse is there to say

  • @danstone3673
    @danstone3673 5 років тому +2

    I listed to this podcast a few weeks ago and just "rediscovered" it while going through the list on the site. It dredged up a few past conversations, specifically with a nod to the statements that VP said. "Imma gonna trade one pair until I get good." Or, "This pair sucks ass...I'm gonna hold off for a bit and come back to it when looks better". I heard these all the time. But, I think the one I hear the most is about only trading the "majors". You know, the ones that the BIG BANKS like to diddle with and crush your grove. I'll admit, I followed the crowd and had those 8 pairs as one of my profiles. Who doesn't like to hang with the popular kids, right? At some point, I started a love affair with the EURJPY, the GBPJPY and the GBPCHF awhile back and was very pleasantly surprised to learn that they were favorite children in these hallowed halls. Did well with those...better than I had with the majors in fact. I also use to subscribe to that nonsense about trading "exotics". OMG, no! The spread, the volatility, the insanity! Actually, not really. In fact, if you just zoom out on the chart, they usually paint a prettier picture...mostly because nobody really tools around with them and most news just gets somewhat of a "meh" reaction. Gotta stop listening to morons. Frankly, I'm thrilled to have 28 pairs (the EURCHF is back in town, I believe) to fawn over and there may be a couple more on the horizon soon. PLENTY to keep an ambitious guy or gal busy for, oh say...30 minutes a day. Don't be a derp and leave opportunity knocking at the door all pissed off. Go get it.

  • @sytekd00d
    @sytekd00d 5 років тому +4

    The church of VP! I have been converted, I finally see the light...

  • @richcook109
    @richcook109 4 роки тому +2

    Hi VP! Thanks for your awesome content, I’m totally new to investing and was going to get into intraday trading on the stock market but you’ve sold me on fx. I haven’t learnt any old bad habits, so starting with your methodology I know I’ll enjoy the journey a lot more
    Thanks heaps
    Rich
    U.K

  • @richietruman5877
    @richietruman5877 5 років тому +2

    Actually I start with 30. After I cut to 27.
    I work with 27. And later y see some of them are the same. Moving the same way. So y start to eliminate my doubles.
    Finally y work with 18.
    All different. After 1 year study them.
    Ohhhhh !!!! The best spreads.
    Great channel. GOLD.
    Thank you very much for all this videos.

    • @NobbirAhmed19
      @NobbirAhmed19 5 років тому +1

      Richie Truman Which 18 pairs? possible to share?

  • @jumavincent7269
    @jumavincent7269 4 роки тому +2

    Thank you. You made me get out of trading one pair(GBP/USD) currency with so much relief.

  • @MrGogs90
    @MrGogs90 4 роки тому +9

    Big Banks video brought me here and i knew it i want to watch every second of content this man makes! WELL DONE!

  • @Canopusparadise
    @Canopusparadise 2 роки тому +1

    loved the answer, Daily timeframe was a awesome answer from Episode3, keep the awesome work going ❤❤

  • @SSEnrich
    @SSEnrich 3 роки тому +1

    I want to trade as many as possible. All 28 or what the number is. However I have given GBPNZD the boot. Too wide spread at 22:00 UTC. Increased from 5 pips or so to around 25. An open trade will stop me out 9 out of 10 times then.

  • @bottle1211
    @bottle1211 4 роки тому +1

    Finally the comment section has been turned on. For better or for worse. Anyways, FX technical analysis playlist complete. Money management playlist complete. Life changing shit. Now for the Forex Q&A podcast playlist. I have a feeling there is where a lot of nuggets and gems will waiting for me. Good times. Thanks VP!

  • @vernonsenior8730
    @vernonsenior8730 3 роки тому +1

    what can i use to scan all the 27 pairs help please

  • @poloparachutes9983
    @poloparachutes9983 3 роки тому +1

    Following your guide after studying pipsology, watch 3-13, loved episode 3: trade on the daily. And this one, trade 27 pairs

  • @kiangrady245
    @kiangrady245 4 роки тому +1

    Ive always heard that we should trade multiple time frames is this wrong??

  • @LucElCoyoteDelisle
    @LucElCoyoteDelisle 3 місяці тому

    cool...where i found a brooker that offer all 27 pairs? i have access to only 14. hummm.....thanks...

  • @familyaccount2467
    @familyaccount2467 4 роки тому +1

    I have questions concerning babypips the educational platform that you have recommended. Now I'm 44 lessons in and I've noticed that the times they keep on reapeating information are getting quite obnoxiously ridiculous. And as you have suggested the best forex broker for non-us citizens, Blueberry markets. Is it a (DD) or an (NDD). I am assuming the former but haven't found anything online and I could use a final word on this.

    • @NoNonsenseForex
      @NoNonsenseForex  4 роки тому

      It's a podcast ep you just haven't gotten to yet.

  • @tonygordon4065
    @tonygordon4065 5 років тому +2

    Hey guys. Whats up? My name is Tony and I am a novice at all of this. I have been listening to VP for couple days now. The information has been so so informative and delivered in away for me to understand I am very excited about what VP is doing and look forward to putting this into action. Lets do this.

    • @PassportG
      @PassportG 5 років тому

      Tony you're in a good place bro

  • @TradeWith_KC
    @TradeWith_KC 3 місяці тому

    I'm here just to read the comment. People give their opinion so fast, they probably didn't watch the whole thing. 27 pairs is nothing if you trade NNFX's way. Keep watching and you'll get all your answers.

  • @KenalLouis
    @KenalLouis 5 років тому +3

    Thank you VP for the No nonsense answer and clarity! It makes sense and hearing this is confirmation.

  • @LaRasCraft
    @LaRasCraft 4 роки тому +1

    Glad to find your channel as a super newbie. I don’t have to worry about all the other stuffs any more. No nonsense at all. Thanks 😊

  • @lesterkong6439
    @lesterkong6439 5 років тому +2

    Not sure if VP will read this but I used to trade only 8 major pairs even when I switched to the Daily for good.
    It's because I had thought that it would be easier for me to manage only 8 concurrent trades at one time so I chose the most popular and liquid pairs I could discern.
    VP's advice to trade all 27 pairs of the majors made me realise one thing and it has to do with not being too fixated on only a few trades. Of course, you should definitely pay very close attention to your trades; I'm not saying it made me less detail-oriented.
    Trading as many as 27 pairs made me look at this as a commodity business and took even more of my EMOTIONS out of the whole thing. It made me look at it with a broader, wider view and manage my trades better, and not be fixated on the dollars and earnings.
    VP, if you do read this, thanks forever from KL, Malaysia. Drinks on me if you stop by.

  • @charlielee9012
    @charlielee9012 4 роки тому +1

    Ok, I’m sorry for asking this seemingly silly question, but can someone pls tell me which are the 28 pairs?? I know 8 of them were mentioned in the video, what are the remaining 20?

    • @SelfMotivated14
      @SelfMotivated14 2 роки тому

      Those 8 major currencies that he mentioned has their own pairs, all of those pairs together becomes the 28 minus 1. For instance; the GBP major currency has different pairs, such as: GBPUSD, GBPJPY and so on. All of those 8 have their own pairs. I hope you understand. Shalom!

  • @martinmilev611
    @martinmilev611 13 днів тому +1

    28

  • @FawadZakai
    @FawadZakai 5 років тому +1

    I'm a beginner Forex Trader and have a $600 balance in my Forex Account. How much lot size I need to start with for to trade 27 pairs?

  • @IndyMark007
    @IndyMark007 5 років тому +6

    Found one of your videos about a week ago. Life changing moment right there. Binged almost all and have already been implementing. Thank you so so much!!
    Also, your voice sounds so much like Ryan Renolds that I'd swear you are him incognito!

  • @jamessharpe1717
    @jamessharpe1717 4 роки тому +2

    "You are that girl" 😂😂😂😂😂

  • @resvelpagara5760
    @resvelpagara5760 4 роки тому +1

    I've been following your teachings and hope to apply and see results from what I have learned here. Kudos to you.

  • @Songsilike-4U
    @Songsilike-4U 5 років тому +2

    You are the BEST forget the rest

  • @soufianecharif7714
    @soufianecharif7714 6 років тому +2

    nice video! im checking it every day!!

  • @UKm45
    @UKm45 Рік тому

    So what are the 27 pairs you trade exactly please?

  • @abdalrahmanayman7069
    @abdalrahmanayman7069 2 роки тому

    revise 2..
    No doubt.. oraganized mind here guys...
    blesses bro... 🙌🏻
    um in advanced level more and more...
    still thankfull... 🤗

  • @Ana-et4lh
    @Ana-et4lh 3 роки тому

    Can you explain how you manage trade...in sense when you move SL, or when you taking partials...etc...how you manage SL and TP, like do you move take partials after 1,5 R and move SL to BE or....so thats my question...thanks....

  • @daniellive590
    @daniellive590 3 роки тому

    The main reason of trading 28 currency pair is diversification which leads to low maximal drawdown compared trading one pair.
    And, it will only work under the condition that each pair system that you trade has positive outcome.
    Example, say you trade
    AUD/USD. One year return: $1000 but with $500 max drawdown. ProfitFactor 2:1
    GBP/JPY. One year return: $500 but with $500 max drawdown. ProfitFactor 1:1
    Both pairs are less likely to hit the maximal drawdown period at the same time $500 + $500, but you will have $1500 profit after one year.
    Thus, creating a portfolio of
    One year return: $1500 but with $1000(assumption, the worst case) max drawdown. ProfitFactor 1.5:1
    That is an assumption for the worst case, meaning you are expecting 2 pairs to have the maximal drawdown at the same time, which definitely even harder to happen if you are trading 28 pairs. Thus you will have a higher ProfitFactor than just > 1.5:1
    Another advantage is that trading 28 pairs is that in the occasion of your trading system fail/edge is lost, you wont lose for all pairs immediately, you can check each pair trading system and choose to discontinue it/fix it
    Then why trade one pair system? Higher profits.
    If you are super confident and market loves you and always move in your favour, then trade one pair.
    You are much better to trade one pair as you know it will always generates a Profit Factor of 2:1 which better than the example given above.
    Danger is that the equity curve is more rough and if your edge is lost, you lose the whole trading.

  • @fmbugua288
    @fmbugua288 4 роки тому

    Hi, PV how do I uploand Ichimoku Baseline AKA confirmation line ONLY on my MT5/MT4 platform on my android phone?

  • @alexlazarev8240
    @alexlazarev8240 5 років тому +1

    Dude you are awesome! Thanks for all the free knowledge

  • @mikeinostuart4925
    @mikeinostuart4925 3 роки тому

    what about over leveraging ?isn't trading the same currency dangerous ? Example eur/usd & eur/aud

  • @sparcx86channel42
    @sparcx86channel42 4 роки тому

    EURCHF sucks these days, omg I check this guy everyday and everyday it still don't give me any chance.

  • @conzilefritz587
    @conzilefritz587 2 роки тому

    Good day VP. In your countries time you look at your pairs at 2pm, I am from South Africa, so which time is best to look at the markets in our time?

  • @bhp000
    @bhp000 3 роки тому

    Yes indeed. And all of these UA-cam traders talking about stick to one. And don’t “Pair Hop” lol

  • @marytonipescador7655
    @marytonipescador7655 4 роки тому

    I have a question though... Can anytime help me.... How many open trades or maximum open trades should I do?

  • @teet2790
    @teet2790 3 роки тому

    Why do you check what to trade near the end of the day at 2pm? Am I missing something? why not the beginning? Let's say u put a trade in a 2:10 do you ever hold for 24 hours?

  • @theother7912
    @theother7912 5 років тому

    I love reading the comments from the stupid people...asking stupid and already answered questions to a man giving free f*cking gold nuggets of knowledge....you can lead a horse to water. Love you VP and I’m only on day 3 of listening to you.

  • @catdadxx
    @catdadxx 4 роки тому

    G'day Vp, I hope that you are well.
    My name is Vikrant, a new Forex trading learner from Melbourne. I have been watching your UA-cam channel videos and they are so much knowledgeable and inspire me a lot. I am trying to understand the psychology how banks trade and take money from majority of traders.
    I am following client positioning tool from IG market sentiments and also keep watching SSI indicator at busy times of market for different currencies.
    But my question is that how many often banks go along the majority of sentiments?
    Do they go against sentiments every time or do they, sometimes, show mercy on the retail traders and let them make money by going their side?
    Kindly Thank you

  • @pharoahscurse
    @pharoahscurse 2 місяці тому

    Still Gold!

  • @EngrNikko
    @EngrNikko 4 роки тому

    Hi VP, its been great since i started following your channel. I just have one question, Why are you not recommending to trade the EURCHF even though both euro and swiss are included in the 8 major currencies? cant send question in your website because it said my IP belongs to a high spam risk network.

  • @armintataro3939
    @armintataro3939 4 роки тому

    Atlast a comment section on a podcast. My kryptonite right now is the GBP. Every trade is a lost :(

  • @robroddy4071
    @robroddy4071 4 роки тому

    Best forex channel! I’m a stock dividends growth investor and trade forex as a side thing and I’m following your plan thanks for the content it’s awesome !!

  • @repletewealth5752
    @repletewealth5752 3 роки тому

    Wow , wish I found this channel earlier in my trading struggles. Starting my education from Forex 201 again. Thanks VP!

  • @evanescence9041
    @evanescence9041 4 роки тому

    10:00 what a fucking example
    i'll never forget this

  • @Chadwanabe
    @Chadwanabe 4 роки тому

    Can anyone tell me if there is a maximum number of trades i should be in? Thanks in advance

  • @grant-rightanderson7981
    @grant-rightanderson7981 5 років тому +1

    Gold gold gold 🌞

  • @jaenulton9953
    @jaenulton9953 3 роки тому

    Great audio and the show is still going on! Thank you for having not given up on podcasting like so many before you. You have a new subscriber!

  • @standbymatt
    @standbymatt 3 роки тому

    LOL @ "take that stupid mentality out of your head "

  • @ivantafra
    @ivantafra 5 років тому

    I will start slowly, but safety! Thank you for this amazing channel, decide to watch every video with take notes. I am in high school, so I decide to learn trading from you, because I have 3 hours every day of deep work about trading. Spend this time on your channel is great opportunity too seriously understand where am I going ( Now, starting learn from babypips, but most from your channel) Appreciate you my dear friend!

  • @kellymanon6791
    @kellymanon6791 3 роки тому

    never traded. but I want to start on the right foot. I want to do this for a living.

  • @Getbusy_
    @Getbusy_ 5 років тому

    Since, USD pairs are hard for new traders, should we trade cross pairs along with major currencies only?

  • @Bijelocrvena
    @Bijelocrvena 5 років тому

    only a week after starting to follow you my last 4 trades have had a ROI of 2-3% each ...
    even one that I sold of 50% went on to earn 1.5% before the TS kicked in and I dont even have the entire algo yet

  • @reginalddevera4533
    @reginalddevera4533 4 роки тому

    Thanks GOD to this nononsense.com site, God Bless You Sir VP!

  • @marvinevans243
    @marvinevans243 3 роки тому

    what about currency correlation?

  • @KontingBagsick
    @KontingBagsick 4 роки тому

    VP is my $avior.. thanks for showing me the light.. lol

  • @mistersmith8962
    @mistersmith8962 5 років тому

    once bought 12 pr. on the same day....but I was making a pie ; ) -THANKS FOR THE VIDEOS!

  • @jumavincent7269
    @jumavincent7269 4 роки тому

    Exept EUR/CHF!! Point taken

  • @kellymanon6791
    @kellymanon6791 3 роки тому

    i am doing Babypips like you said

  • @hackerhacker2991
    @hackerhacker2991 3 роки тому

    Algorithm is building up

  • @getthebag9446
    @getthebag9446 2 роки тому

    I have been trading for a year now, trading everyday studying every video and strategy, i have tried everything but your strategy is something i never tried and im already backtesting it. Thank you for your work you give me hope lol

    • @jubertvos3126
      @jubertvos3126 2 роки тому

      how is it going with your trading now, did this help you become more profitable ?

  • @alzachary789
    @alzachary789 3 роки тому

    love the twist! Thank you VP.

  • @prpainting1358
    @prpainting1358 4 роки тому

    Brilliant so glad I found this channell

  • @Io-wk5rg
    @Io-wk5rg 5 років тому

    Thanks for your’s commitment VP

  • @sufiansaid2854
    @sufiansaid2854 6 років тому +1

    love this.

  • @ismailbousekraoui2974
    @ismailbousekraoui2974 4 роки тому

    THUMPS UP FOR ALL VIDEOS I SEE SO FAR XD

  • @floridahummer
    @floridahummer 4 роки тому

    In other words, no bull, love it.

  • @dotamovie1033
    @dotamovie1033 4 роки тому

    another video is down.

  • @Murph1989sean
    @Murph1989sean 5 років тому

    Beginning here, using test accounts for everything still

  • @Steger13
    @Steger13 4 роки тому

    Great vdo. Thanks!

  • @mehdimirzaei3112
    @mehdimirzaei3112 5 років тому

    Vp you are the best. Keep up good job. We all appreciate your help.

  • @shivashiva-kg9ku
    @shivashiva-kg9ku 5 років тому

    wisdom talks , but how to avoid over leverage ? can you illustrate the correlation between the 27 pairs plz ?

  • @lew9572
    @lew9572 4 роки тому

    I don't know how to trade the daily. Is that traded as a swing trade mostly, or, as a day trade?

  • @sweetadenmost5468
    @sweetadenmost5468 4 роки тому

    Meta4 dont have all