I’ve been day trading with 5 currency pairs for a while now and am considering shifting to short-term swing trading (holding positions from 7 hours to 4 or 5 days). I heard that you should only trade a maximum of 5 pairs, but is this true for swing trading too?
Since opportunities come around less frequently in swing trading compared to day trading, would it make sense to trade more pairs to increase my chances of finding good setups? Or should I stick with fewer pairs to keep things manageable?
In my experience transitioning from day trading to short-term swing trading, I’ve found that focusing on a smaller number of currency pairs—around 5—is generally beneficial. Swing trading involves holding positions for several days, so having a concentrated watchlist helps in better analysis and monitoring of the market trends. While you might be tempted to trade more pairs to increase your opportunities, spreading yourself too thin can lead to missed signals and lower quality trade setups. Sticking to a few well-chosen pairs allows for deeper understanding and more effective decision-making, making your trading strategy more manageable and potentially more profitable.
