For the time being, I am concentrating on only forex. But I have plans of diversifying in the future.
I am a believer in fund diversification. I don’t think that it is good to put all your eggs in a single basket in any sphere of life. Trading is the same and so, I trade forex, indices, cryptos, and commodities.
I concentrate on forex as far as my trading is concerned. I play safe with a micro account supporting negative balance protection and use a stop-loss for every trade. However, I have invested a low amount in crypto as well to diversify my portfolio.
i think instead of demo account micro account is more appropriate to increase live trading knowledge and experience.
It’s never a single asset that I trade because portfolio diversification is an important part of my trading plan. From the very beginning, I added risk management and money management to my trading plan and have been following them since then. It’s going great for me so far.
i have been focusing on forex especially on volatile currency pairs. However, I also trade commodity such as gold because it diversity and it being a safe heaven against inflation.
Portfolio diversification is the key to staying longer and earning well. But it is not at all a good idea to start all of these at once! Forex is a nice option to start with and you can diversify later when you have gained experience to decide what to do next!
Same here! I trade two major pairs: EUR/USD and USD/JPY. Trading 2-3 currency pairs has been very beneficial to me. And Gold is evergreen.