Just a quick question regarding the maximum amount of pairs open at any one time.
So at the minute I have 5 different pairs open, and I am trying to follow the LogikFX guidelines of having a maximum of 5 pairs open at any one time.
My question is, if I want to open a trade on a new pair, how do I decide which pair to close, if any?
I have certain pairs doing very well and some pairs not as well but appear to be in a good position ready to move in the direction I want them to, with the majority of the Fundamental Analysis still in favour of my trades with the exception of one or two, in which the COTA is less favourable than others. So I could do with some advice!
I have one trade which is now running risk free, meaning I only have 4 pairs now that have potential become a loss. Could this be the only exception to add another pair into the portfolio?