Topic: Single pair trading or double pair? (Read 449 times)
Thank you all for your comments and contributions, I guess I will have to stick to the single pair trading am used to and build my knowledge and skills before moving In to add another trading pair.
It depends on your acquired knowledge over time as you can decide to trade in both ways to make quick profits, single pair is only advised for newbies who have not to build adequate trading capacity and are easily carried away by emotions.
That will be up to you because that will depend on your skills.
If the market moves are not fast, two pairs will be good as you can monitor those pairs together.
But if the market moves fast and one coin shows good progress for up and down of the price, I think one pair is enough because if you try with the second pair, you can feel difficult to monitor the movements.
Unless you have high skills, you do not have to use two pairs at the same time because that will need more focus to analyze the movement.
Skills and experience would really vary because this would really be your foundation when it comes to trading and of course with having sufficient capital because double pairing is something needing with capital alsoIf the market moves are not fast, two pairs will be good as you can monitor those pairs together.
But if the market moves fast and one coin shows good progress for up and down of the price, I think one pair is enough because if you try with the second pair, you can feel difficult to monitor the movements.
Unless you have high skills, you do not have to use two pairs at the same time because that will need more focus to analyze the movement.
and handling out two at once is not really just the same when you are handling one plus this current condition or characteristics of the market where everything is unpredictable then its really important
that you should really know on what you are doing.
Its up on op's choice because its his money and as long he do able to handle those things up then its his choice.
If he can handling one pair without a problem, then he can try to analyze more to find which pair that looks good for him and start the next pair.
If that will not be a problem, he can carry on with that and continue to trade while he needs to see how good the result is after two weeks.
Maybe in this situation, he can try with two pairs as the market moves good but be careful because the market is still unpredictable.
That will be up to you because that will depend on your skills.
If the market moves are not fast, two pairs will be good as you can monitor those pairs together.
But if the market moves fast and one coin shows good progress for up and down of the price, I think one pair is enough because if you try with the second pair, you can feel difficult to monitor the movements.
Unless you have high skills, you do not have to use two pairs at the same time because that will need more focus to analyze the movement.
Skills and experience would really vary because this would really be your foundation when it comes to trading and of course with having sufficient capital because double pairing is something needing with capital alsoIf the market moves are not fast, two pairs will be good as you can monitor those pairs together.
But if the market moves fast and one coin shows good progress for up and down of the price, I think one pair is enough because if you try with the second pair, you can feel difficult to monitor the movements.
Unless you have high skills, you do not have to use two pairs at the same time because that will need more focus to analyze the movement.
and handling out two at once is not really just the same when you are handling one plus this current condition or characteristics of the market where everything is unpredictable then its really important
that you should really know on what you are doing.
Its up on op's choice because its his money and as long he do able to handle those things up then its his choice.
Trading requires some level of technicalities and if you have not mastered a pair, it will be dangerous to dive in for double pair unless you do that on an exchange that allows the stop loose features in that way even if you are not active on a pair you don’t have to border about losing as your trade will get executed once it reached the limit you have set.
That will be up to you because that will depend on your skills.
If the market moves are not fast, two pairs will be good as you can monitor those pairs together.
But if the market moves fast and one coin shows good progress for up and down of the price, I think one pair is enough because if you try with the second pair, you can feel difficult to monitor the movements.
Unless you have high skills, you do not have to use two pairs at the same time because that will need more focus to analyze the movement.
If the market moves are not fast, two pairs will be good as you can monitor those pairs together.
But if the market moves fast and one coin shows good progress for up and down of the price, I think one pair is enough because if you try with the second pair, you can feel difficult to monitor the movements.
Unless you have high skills, you do not have to use two pairs at the same time because that will need more focus to analyze the movement.
Well, based on my experienced and what I am doing now is that I do both single and double pair due to it gave profit to me actually and it depend in the scenario in the market whenever I decide to do it. But of course if you have a better idea aside from this matter you can tell us here or share anyway.
So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.
Do I need your sincere advice?
Do I need your sincere advice?
What's the result? You should give your time making a result. Trading on single pair or not, both have the ability to give you profit. Just continue trading for long and see what's the effective thing to do. The result will not be seen in just a few trades. You need lots of trials and tests.
Continue trading and build your own trading experience. It will help you to decide later on.
So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.
Do I need your sincere advice?
I can tell you that was okay but I can't tell you if that really works on you. I think you should have to try it, in fact, you can stop it if you never see good results. It is all about self-assessment and nothing who could do that but it was you. Do I need your sincere advice?
I use 2-3 trading pairs very often, most on stablecoins pairs. Well, of course, I'd never say it all in profiting as we know that losses might be happening but if we don't get hard to manage our trades, it means it was really good to go. You'll certainly have to try it.
So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.
Do I need your sincere advice?
Have you been profitable by trading this way? If so it seems to you that a great deal of the time you are not doing much and as such you are missing some profitable opportunities? If this is the case then I think you are justified in trying to expand yourself and trade more pairs, but do so slowly, there is not need to try to trade so many markets at once especially since you do not know what is that like, so adding one pair to your current workload seems like the right thing to do.Do I need your sincere advice?
effort because handling out lots of pairs does basically means that you would need too watch up lots of trading charts on it which means if you are really having some extra time or going full time
then you could handle it but if not then 1 or 2 pairs would be enough or does really depend on your preference and capital of course.
So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.
Do I need your sincere advice?
Have you been profitable by trading this way? If so it seems to you that a great deal of the time you are not doing much and as such you are missing some profitable opportunities? If this is the case then I think you are justified in trying to expand yourself and trade more pairs, but do so slowly, there is not need to try to trade so many markets at once especially since you do not know what is that like, so adding one pair to your current workload seems like the right thing to do. Do I need your sincere advice?
Like in forex markets, you have to sell one option for another one unless you wanna hedge pairs in order to protect future volatility effects. If you think one coin will perform better against another coin choosing that pair for trading is smart idea but some pairs are more volatile than others. Having a inner feeling will tell you which option will suit your trading style.
I think multiplying the nets would be more profitable. If you want to catch fish isn't it better with many nets and different places?
Because if you focus on 1 coin and the market is in the red, you have no chance to cover losses. But if you have a lot of different coins you still have a chance to cover other losses.
Because if you focus on 1 coin and the market is in the red, you have no chance to cover losses. But if you have a lot of different coins you still have a chance to cover other losses.
My advice to most newbies traders is to take things easy and take the time to develop and grow in the strategy before diving into more complex trading methods, double pair trading is one of the most complex trading methods and one need to master the timing and ride with the hype of the market otherwise you lose your trading capital.
So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.
Do I need your sincere advice?
if you want to ride for the hype only then probably its a good idea to have another pair so that you ride immediately and can obtain quick profits. If not and you want to trade for long term then rely to one pair which for you can guarantee a good return after all, such bitcoin or ethereum because these two is already proven and tested so you should focus on it. Don't rely with new project remember that, unless if you know it will last and make good results, because if not it's a big mistake to rely in it. So think about it always. Do I need your sincere advice?
Of course it would be better if you trade your capital in different pairs. It would be better to trade in different coins. However, it will be a little difficult in the beginning. Because it is difficult for a beginner to keep an eye on different pairs of different coins. But over time, that is likely to change.
Trading in different pairs may increase your profits quickly, but that is also subject to high risk. As a new beginner, I think it’s better to stick to a pair for some time before jumping to another. If you have already skilled yourself in that pair, you can then move to add another coin. This way you will not be taken off the guide.
Trading requires capital management. don't put everything in one basket. You may need several other altcoins to trade, but if you only focus on one coin it's fine as long as your management and strategy are right. do not use all the capital, use it wisely so that when the price continues to fall you have a reserve of funds to buy at a low price.
So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.
Do I need your sincere advice?
If you're already profitable on the single pair I don't see why you should want to seek more capital and sink it there just to expand into more pairs. Why not you allow the account grow slowly but steadily. That way you also get to build your confidence level and have a full mastery of your trading system and plan. No trader is profitable just because they trade many assets or instruments. No, it doesn't work that way. In fact, it misleads and distracts traders who do so, except they already had a firm grip on the system they've. There are traders who only trade Bitcoin and are profitable doing that.Do I need your sincere advice?
I think that would depend on your strategy and your approach towards trading. Whether a single pair, double pair, or multiple pairs for your strategy. If you can monitor more coins on the specific strategy, then it's best to have numerous pairs. You should do that by that is to decide your trading limit and hope that it goes your way.
You can imagine it this way. If you have a $1000 balance and have double pairs, you could either split that $1000 on the specific pairs, whether you will use the $500 or split it to multiple trading opportunities by averaging your entry point.
Having multiple pairs could give you more trading opportunities, and that would be awesome if you could trade it all. That's what I do with my spot account and continuously change it 24/7 with my Gunbot. It makes it easy to deal with multiple pairs, and the averaging entry point is automatic if you set it to your strategy.
You can imagine it this way. If you have a $1000 balance and have double pairs, you could either split that $1000 on the specific pairs, whether you will use the $500 or split it to multiple trading opportunities by averaging your entry point.
Having multiple pairs could give you more trading opportunities, and that would be awesome if you could trade it all. That's what I do with my spot account and continuously change it 24/7 with my Gunbot. It makes it easy to deal with multiple pairs, and the averaging entry point is automatic if you set it to your strategy.
This is just my suggestion and my personal opinion, don't go with one trade with large capital it can easily ruin your fund. There was some things written on the books that I have read before that every trade you are doing should not exceed 10% of your total capital, for example you have a total of $100 then whenever you open a trade you should only use a maximum of $10 per trade.
So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.
Do I need your sincere advice?
You are the ones you could answer it on yourself because you do have the money and you do have the control.Find out which method or path that it seems to be profitable for you.Do I need your sincere advice?
You wouldnt know unless you try because things that do works on others doesnt mean that it would also work on you thats why the best thing to be done is to test out for yourself
but if im on such situation where i do have lots of capital or bigger then i would go for couple of pairs.
You can do both but i suggest you, You can start with single pair trading and double pair with similar time. Trading is a Risk but i think it can get profit short time. When you start trading then you must need to patience and control your emotion. You build you trading skill.You need to good trading activities.
Double pair (twin trade) can be very tempting times and it invariably stresses the account size. For me it would be better he masters single trading get comfortable with it then advance to double trade and if @op decides to double trade then he should scalp with the second trade to avoid bearing losses bigger than his account size
I guess both single trading pair and double trading pair are in the same category but with different perspectives that made them relatively different in operations, I will build my trading skills more using a single pair and thereafter increase to double pair trading as time goes on. Try to do both of it and see how effective you are with either of it. We're not the same as we trade and results really vary as per trader. You have to look it at your own experience which is more profitable to you. So if you're good with the first pair and it's profitable then try to stay there for a week or so and then if it's no longer profitable, change your strategy and do the other. In the end of it, it's still how you trade, how you analyze and decide per trade you do.
Double pair (twin trade) can be very tempting atimes and it invariably stresses the account size. For me it would be better he masters single trading get comfortable with it then advance to double trade and if @op decides to double trade then he should scalp with the second trade to avoid bearing losses bigger than his account size 
So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.
With time a trader is able to identify more than one trading pair to be profitable. So it is defenitely recommended, but do not over do it. Dont end up having to analyze more than what you can digest. Sick to some pairs that you have found to be profitable over the years and keep a lookout for the trends.This is possible after having gained some experience over years. If you are newbie, you might want to real time trade your previous pair while paper trading the possible next pair. Then you can be satisfied whether your assumption was right or wrong.
Make sure that the first pair you started with is still within your predictable limits. Dont attempt to use a new pair just to cover up losses made in another pair.
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Do I need your sincere advice?
Actually you dont. What you do is your own decision. 
Of course it would be better if you trade your capital in different pairs. It would be better to trade in different coins. However, it will be a little difficult in the beginning. Because it is difficult for a beginner to keep an eye on different pairs of different coins. But over time, that is likely to change.
Trading in different pairs may increase your profits quickly, but that is also subject to high risk. As a new beginner, I think it’s better to stick to a pair for some time before jumping to another. If you have already skilled yourself in that pair, you can then move to add another coin. This way you will not be taken off the guide. 
For me it is depends on what trading activity i do. In future i am fixed on single pair trading because i need to focus to see market movement, but in spot i prefer to do 2 trading pair and prepare rest of my capital as back up. With that i think i have more options to do if market suddenly dumped and i still have back up capital to buy more or maybe buy another coins that i think will help to recover my losses and will be good if get profit after my losses recovered.
I think both can be profitable if you want to get profit, and one more thing you can use the single pair trading it will not double your tracking I think so, and if you are using double pair trading it can be used to track easily and available for most of the trader, that's why I prefer you to use double pair trading.
Both single and double trading pairs are profiting but again the level of the trader mastery matters, if you do have not to master trading in single pair before jumping to a double pair it will lead to losing because you have not built knowledge or skills. 
So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.
Do I need your sincere advice?
If you're already profitable on the single pair I don't see why you should want to seek more capital and sink it there just to expand into more pairs. Why not you allow the account grow slowly but steadily. That way you also get to build your confidence level and have a full mastery of your trading system and plan. No trader is profitable just because they trade many assets or instruments. No, it doesn't work that way. In fact, it misleads and distracts traders who do so, except they already had a firm grip on the system they've. There are traders who only trade Bitcoin and are profitable doing that. Do I need your sincere advice?
Of course it would be better if you trade your capital in different pairs. It would be better to trade in different coins. However, it will be a little difficult in the beginning. Because it is difficult for a beginner to keep an eye on different pairs of different coins. But over time, that is likely to change.
From the perspective of diversification, trading at multiple pairs may seem like a good idea but considering about the management skills and technical analysis then you should not go for trading at multiple pairs until you are good at all the required skills including risk management and time management.In my opinion, trading at multiple pairs must need lots of experience and this is why it cannot be suitable for naive traders. Only for pro traders it might be suitable because they know how to manage multiple trading pairs more effectively and profitably.
Of course it would be better if you trade your capital in different pairs. It would be better to trade in different coins. However, it will be a little difficult in the beginning. Because it is difficult for a beginner to keep an eye on different pairs of different coins. But over time, that is likely to change.
I think both can be profitable if you want to get profit, and one more thing you can use the single pair trading it will not double your tracking i think so, and if you are using double pair trading it can be used to track easily and available for most of the trader, that's why i prefer you to use double pair trading.
So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.
Do I need your sincere advice?
First, congrats for starting your trading journey. Second, if you feel comfortable you can start with a second pair but just know that it will double your tracking since you'll need to follow to markets. Third, why would you expand to gain more experience or to make profit because if the first pair is giving you a nice turn over you could just increase the amount you trade? These are just questions to hopefully help you position you better. Do I need your sincere advice?
There is not right or wrong answer, ultimately is up to you and your comfort and understanding as well as time. So just do what you feel is right for you.
If it's a start then single pair would be a lot better option! Get to know the pair, try to make a profit, if it's going good for you try to make it a routine... After that, it will be easier to add another pair and do the same thing as you did with the first!
This is working for some people, some don't have luck... but I guess everyone should be free to try to find a way to make a profit in long run!
You are right am mastering the single pair trading but have spent little time but have made good profits. I will go with your advice to stay on the single pair for some tie before I add another pair to avoid pressure.This is working for some people, some don't have luck... but I guess everyone should be free to try to find a way to make a profit in long run!
you need to consider the following:
1 - BTC - USD is a pair where you just need to focus on it without anything external
2 - But Altcoins - USD are pairs where you need to focus also on the price of btcoin against USD and also on the price of altcoin against bitcoin.
So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.
Do I need your sincere advice?
Diversification is always been recommended because you could really have chance on recovering losses from the other side if one of your coins turns out to be negative or bad.Do I need your sincere advice?
When it comes to versatility then this kind of method or path would be much considerable.You can handle many pairs as you do like as long you do know on how to control
up your finances or able to handle those coins but if you dont like on having lots and much prefer on focusing on one pair then stick with it.Its a trial and error because
what matter most here is about profitability and sustainability.
I think you need to take time to study yourself before deciding whether you will be going for a single pair or double pairs. Trading can be interesting when you are either trading single or double pairs with profitable strategy. If you are trading sigle oair and making a good profits then it wilk be fine for you to extend yiur knowledge to double pairs so you can make more profits from it.
Trading multiple pairs can be stressful at times especially when the pairs are much. You can start with trading 2 or 3 pairs then as time goes on you can extend it to as much as possible you can hold. Also have it at the back of mind that trading multiple pairs will need more time to analyze the market if you are a market analyst. Trade with caution and don't force it.
Trading multiple pairs can be stressful at times especially when the pairs are much. You can start with trading 2 or 3 pairs then as time goes on you can extend it to as much as possible you can hold. Also have it at the back of mind that trading multiple pairs will need more time to analyze the market if you are a market analyst. Trade with caution and don't force it.
So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.
Do I need your sincere advice?
Do you mean one pair at a time or do you mean just one pair? Because as far as I know, it's impossible to find good trade opportunities in just 1 trade pair every day, especially when the market is going sideways in that pair and there is no good trend, it's a saying that you should try to master a few coins and trade only in that but just 1 pair to trade is really difficult, I suggest you should keep handy at least 3-4 pairs, slowly try to master each of them and try to visualize patters, this will help you in remembering patterns and recognizing them whenever they happen next, but yes whichever thing gives you consistent capital should be done, don't just run behind multiple pairs because everyone does it, if single pair trading is profitable for you and is meeting your goals, I see no reason going for multiple pair trading. Do I need your sincere advice?
So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.
Do I need your sincere advice?
Vote for trade on double pairs, or maybe more. Because if we put all in one pair and then we lose, we can't do anything with it except hold or maybe back up in same coin. But if we put it into pair, if one lose, the other still have chance to help gain profit. At least we still have choice although there are a chance that can be worse if both coins that we already bought dumped in same time. Do I need your sincere advice?
If you are just a beginner then it is highly recommended to trade only with one pair. Along with your experience you may extend your trading by choosing another set of pairs to find more opportunities to make more profits. For all the beginners, focusing on only one trading pair will help in many ways to minimize the losses.
Yes, trading with multiple pairs must be suitable only for professional traders and the beginners should be getting into trading only with one pair until they are getting familiar with market fluctuations and mental pressures of trading. If people are going for multiple trading pairs out of greediness then they will learn their own lessons over the time.If it's a start then single pair would be a lot better option! Get to know the pair, try to make a profit, if it's going good for you try to make it a routine... After that, it will be easier to add another pair and do the same thing as you did with the first!
But most traders are considering that technical part of every trading pair is same then why not they go for trading multiple pairs from the beginning itself. In my opinion they are all wrong because even technical part is same for most of the trading pairs but the fundamental is completely different and we must take time to learn fundamentals more thoroughly so that he could handle any trading pair profitably while trading with them. If it's a start then single pair would be a lot better option! Get to know the pair, try to make a profit, if it's going good for you try to make it a routine... After that, it will be easier to add another pair and do the same thing as you did with the first!
This is working for some people, some don't have luck... but I guess everyone should be free to try to find a way to make a profit in long run!
You are right am mastering the single pair trading but have spent little time but have made good profits. I will go with your advice to stay on the single pair for some tie before I add another pair to avoid pressure. This is working for some people, some don't have luck... but I guess everyone should be free to try to find a way to make a profit in long run!
I think that the trading volume of which pair is higher, that pair should be traded first. After that you can trade in another pair by looking at the market condition. However, I think that its better to trade in different pairs of different coins other than the different pairs of same coin. Because if the price of a coin drops, all pairs are dropped.
If it's a start then single pair would be a lot better option! Get to know the pair, try to make a profit, if it's going good for you try to make it a routine... After that, it will be easier to add another pair and do the same thing as you did with the first!
This is working for some people, some don't have luck... but I guess everyone should be free to try to find a way to make a profit in long run!
This is working for some people, some don't have luck... but I guess everyone should be free to try to find a way to make a profit in long run!
So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.
As per the principles of risk management, you must go for multiple trading pairs so that you will be dividing your risks among many trading pairs which will be maximizing your chances to make profits when one or more pairs are not moving as per your analysis. At the same time, trading at multiple pairs will be possible only if you are good in technical analysis. Otherwise it will trigger to more losses due to poor management while trading.If you are just a beginner then it is highly recommended to trade only with one pair. Along with your experience you may extend your trading by choosing another set of pairs to find more opportunities to make more profits. For all the beginners, focusing on only one trading pair will help in many ways to minimize the losses.
So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.
Do I need your sincere advice?
it would be best to use two different coins or trading pairs provided that you can manage them all. But if you find it hard, never think to pursue it as that might be the reason you lose all your money. That is why some just stick to using single pair as they could be easy for them to handle.Do I need your sincere advice?
Moreover, people can do some experiments, you can do as well. It is all about making trials just to know if you can really afford to do multiple tasks at a time and to know as well if it helps to improve your profit. Anyways, we will know it once you've been done but for now, it was all just a presumptions of what will happen.
I don't believe coins move in the same direction as you advice op above and even if coins move in the same direction which bis unlikely the percentage increase in one coins is quite different from the other coins. OP, I don't think you really need anyone advice because you know what to do. Am sure no one advice you as at the you started single per trading and you are doing well.
If you trade with good coins, you should have known that good coins move in the same direction, though the percentage rise may not be the same, how can it even be the same, it is not possible. But about this, if you are a good trader, you will understand how just only one coin is enough to open a position. If someone knows that he wants to go for multiple coins, I will advice the person to be a swing trader or the person should just hold when the market is dumped already, but for just day trading and scalping, single coin is better while also not dealing with shit coins, because shit coins can be a way to lose.
I will advice you to go for single pair first,I noticed the coins prices go in the same direction which will make the result to also likely similar, but having too much coins can be somehow, why not just study one coin very well like bitcoin and use it to trade. I only prefer just one coin because I noticed they all move together in one direction, I mean all the coins, I will advice you to go for only single coin pair.
Making use of many coin pairs is almost giving me the result I have when using single coin pair, I have tried this before and I noticed no reason why I need to try multiple coin pairs which do not give me the convenience I want by not focusing on just only a single coin. For people that want to go for multiple coin pair, they can too, but before trading any coin, the candle stick TA has to be analysed for each and every coin before opening position. 
I will advice you to go for single pair first,I noticed the coins prices go in the same direction which will make the result to also likely similar, but having too much coins can be somehow, why not just study one coin very well like bitcoin and use it to trade. I only prefer just one coin because I noticed they all move together in one direction, I mean all the coins, I will advice you to go for only single coin pair.
Good point. A single pair trading, maybe with a good amount is one thing but then, should you have the intention of doubling it, its not exactly a bad thing. As maybe you opened your first position with a small amount just to test your analysis, you could actually open a second position to ensure higher benefits from the same trade.Having several pairs is likely the same thing but, it is risky when it comes to changes that might occur suddenly on a pair that could result ina fall or rise and one cannot be all two vigilant on all counts. Hence, it become of importance to be vigilant and should you feel that, your not just enough on it in handling it, you stick to the single pair. Plus, you might end up risking more capital than you would have wished to.
So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.
Do I need your sincere advice?
Trading a single pair would help you reduce risk. Buy with more capital you can trade a second pair but be careful you don't stress out the account more than it can accommodate. The more pairs you trade the higher the profit and in same manner the higher the loss. I would prefer you take your time to experiment on it with good analysis but ensure you use tighter stop loss now you are about test running this Do I need your sincere advice?
Since you start trading not long, I will advise you to keep trading in the single pair to avoid complications and getting overwhelmed by the market activities of several coins in your portfolio. It is easier for newbies to make a profit trading just one coin, I will suggest you study the market price movement of a single coin once you master it you can now trade with big capital to maximize big profits rather than getting involved in double pair and losing your capital at the end.
More the versatile portfolio lower is the risk of loosing all at once! In trading be cautious as to not put all in one place. Because at that time you will have only one door to exit from and you may not save your asset within the room because the whole room will be going down all at once.
It's logical that if you put your investment in more than two pairs (not just two), you create more options and virtual backups for your trade. Meaning, if one trade fails and if you loose money then you can at least try to "Break even" your trade from the rest portfolio making it way easier to make a come back.
It's logical that if you put your investment in more than two pairs (not just two), you create more options and virtual backups for your trade. Meaning, if one trade fails and if you loose money then you can at least try to "Break even" your trade from the rest portfolio making it way easier to make a come back.
I don't believe coins move in the same direction as you advice op above and even if coins move in the same direction which bis unlikely the percentage increase in one coins is quite different from the other coins. OP, I don't think you really need anyone advice because you know what to do. Am sure no one advice you as at the you started single per trading and you are doing well.
If you trade with good coins, you should have known that good coins move in the same direction, though the percentage rise may not be the same, how can it even be the same, it is not possible. But about this, if you are a good trader, you will understand how just only one coin is enough to open a position. If someone knows that he wants to go for multiple coins, I will advice the person to be a swing trader or the person should just hold when the market is dumped already, but for just day trading and scalping, single coin is better while also not dealing with shit coins, because shit coins can be a way to lose. 
I prefer to use single pairs if the other coins do not have good moves. But if the other coins have good moves, maybe I will consider using double pairs, but that will need you to focus more on watching the price moves, which is not easy. If I use a single pair, I will not go with a large capital but split it into several parts so the other parts will be for a backup just in case the price drops.
Searching for the other pairs will tempt you to raise more profit but trust me, that will be difficult as you do not have much time doing a fast analysis for the other coins and if you miss something, you will not getting a profit. But that will be up to you
Searching for the other pairs will tempt you to raise more profit but trust me, that will be difficult as you do not have much time doing a fast analysis for the other coins and if you miss something, you will not getting a profit. But that will be up to you
I'd go for a single pair for now, and try to research and study about another pair while checking out the results of your first pair. If it turns out pretty good, then continue doing so while trying to venture into the second pair, but if not, I'd suggest trying to check out what's wrong with what you're doing in you're current pair and try to remedy it first. It's could be rather difficult to handle two pairs if you're pretty new to trading, so I'd suggest getting yourself familiarized with handling one before doing another. It's a matter of analyzing the market which could take long or short depending on the amount of effort and understanding you have.
How you analyze the market is a must here.
Although finding good trading pairs is also good especially since the trading volume is high. Trading on multiple trading pairs is okay for me, the best way to start is start scanning different pairs starting from the highest trading volume, you can see the trading volume on particular exchanges, you can sort them by trading volume.
Although finding good trading pairs is also good especially since the trading volume is high. Trading on multiple trading pairs is okay for me, the best way to start is start scanning different pairs starting from the highest trading volume, you can see the trading volume on particular exchanges, you can sort them by trading volume.
Single pair is having less stress compared to double pair, during the fluctuating moments of your coins I think it was so hard to determine which asset will gain successfully. My advice for you is to focus first for something capable of sustainable profit, and do it optimally so you'll able to catch a better output. Have an averaging when buying and selling in order to protect your buffer capital.
i would suggest the same. if the OP is getting good results using single pair in his trading activities, just practice it and get his profits as much as he can. because moving to double or many pairs will likely get his life more complicated and may not catch up that easily. and if not getting the results he wanted, he will be disappointed. so don't push yourself too much. you will know when you are ready to add more trading pairs.
Single pair is having less stress compared to double pair, during the fluctuating moments of your coins I think it was so hard to determine which asset will gain successfully. My advice for you is to focus first for something capable of sustainable profit, and do it optimally so you'll able to catch a better output. Have an averaging when buying and selling in order to protect your buffer capital.
You must have more options to choose when you trade, you can analyze many and if you decide to just focus on one, that’s also possible. If I’m too busy to monitor the market, I just trade on one coin but I never put my money all in because I know the risk of it and it can burn my money if I made a mistake. Trading is not that complicated if you know what to do, set up everything now and trade positively.
Indeed, there's no complications but you must also consider the volatility of the market which put your funds into danger of losing in the long run. We need to watch over the different scenario that might have to exist, and let avoid and minimize all those negative chances. Don't be upset when we commit some mistakes, everything was a part of your growth in trading cryptocurrency.
I will advice you to go for single pair first,I noticed the coins prices go in the same direction which will make the result to also likely similar, but having too much coins can be somehow, why not just study one coin very well like bitcoin and use it to trade. I only prefer just one coin because I noticed they all move together in one direction, I mean all the coins, I will advice you to go for only single coin pair.
I don't believe coins move in the same direction as you advice op above and even if coins move in the same direction which bis unlikely the percentage increase in one coins is quite different from the other coins. OP, I don't think you really need anyone advice because you know what to do. Am sure no one advice you as at the you started single per trading and you are doing well. 
So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.
Do I need your sincere advice?
Do I need your sincere advice?
If I can help you, then I first need to understand your dilemma. I checked Google to see what's the difference between a single pair and double pair. From what I know, you only need to have a base currency in other to trade for another eg: BTC/USDT. If anyone has a better idea, I'd appreciate it. By the way, if you're worried about pumping money in, I suggest putting it linearly and not immediately.
So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.
Do I need your sincere advice?
Do I need your sincere advice?
Personally, based on my experience, I do single trades with large cash, but how can I control loss? It's fundamental analysis, and I don't take that lightly since it's always my backbone if my position doesn't go as anticipated.
Another tip is to trade when bitcoin is stable, you don't want to increase your trade risk when bitcoin has no direction. Also, make sure your entry is always on or after support and your exit is always on or before resistance.
Try to do both of it and see how effective you are with either of it. We're not the same as we trade and results really vary as per trader. You have to look it at your own experience which is more profitable to you. So if you're good with the first pair and it's profitable then try to stay there for a week or so and then if it's no longer profitable, change your strategy and do the other. In the end of it, it's still how you trade, how you analyze and decide per trade you do.
You must have more options to choose when you trade, you can analyze many and if you decide to just focus on one, that’s also possible. If I’m too busy to monitor the market, I just trade on one coin but I never put my money all in because I know the risk of it and it can burn my money if I made a mistake. Trading is not that complicated if you know what to do, set up everything now and trade positively.
I will advice you to go for single pair first,I noticed the coins prices go in the same direction which will make the result to also likely similar, but having too much coins can be somehow, why not just study one coin very well like bitcoin and use it to trade. I only prefer just one coin because I noticed they all move together in one direction, I mean all the coins, I will advice you to go for only single coin pair.
You can do both considering you analyze the market very well since you are trading I assume you are knowledgeable enough so there’s no reason to limit yourself.
Though in trading, we don’t always go all in so better to still diversify and appreciate every small wins because in long term, if you did this consistently you can still be profitable. Its ok to win small consistently, just be patience because that small profit will become big once you use it again to reinvest.
Though in trading, we don’t always go all in so better to still diversify and appreciate every small wins because in long term, if you did this consistently you can still be profitable. Its ok to win small consistently, just be patience because that small profit will become big once you use it again to reinvest.
So I started my trading journey some time ago with a single pair but am considering expanding trading capacity and capital so am wondering, should I continue trading on a single pair but with large capital, or I should trade on double pairs.
Do I need your sincere advice?
Do I need your sincere advice?
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