Most Forex Traders Trade the EUR/USD

The problem is that they trade it every day when more than likely there is not a trade there!! This is CON number 1

The other problem is that when they trade the EUR/USD they are not really trading, they are scalping. Scalping is not trading, it is scalping, trading involves carefull planning and executing your trading plan. This is CON number 2. Traders honestly believe they are trading correctly when they scalp so its really not their fault. Scalping is a defense mechanism for lack of knowledge and information. Most scalpers are on a suicide mission trading without a stop loss anyway. Trading involves planning your entries and using proper money management, EUR/USD scalping is not trading and its certainly not forex trading.

There are three photos on the right side of this hub. The top photos shows the correct pair to trade and is clearly pointing to a sell on the GBP/CHF, but the EUR/USD trader is still trading the EUR/USD. This is CON number 3. The market is moving in a completely different group of pairs but since the EUR/USD trader only trades the EUR/USD he or she misses a 200 pip ride on another pair due to the rigidness of only being a EUR/USD trader and ignorance again. Another forex trader with blinders on.

Some forex traders use technical indicators, technical indicators dont work on currency pairs. They really dont work on the stock market and they dont work on the spot forex and they never did. If you are trading the EUR/USD with technical indicators you will fail. This is CON number 4.

Some EUR/USD traders expert advisors. Expert advisors dont work either because they are all based on technical indicators. This is CON number 5.

The only way for a EUR/USD trader to have any chance to be successful to buy this pair is when the EUR is consistently rising across all EUR pairs or the USD is consistently falling across all USD pairs.The only other way for a EUR/USD trader to have any chance to be successful to sell it is when the EUR is consistently falling across all EUR pairs or if the USD is consistently rising across all USD pairs. But traders once again are ignorant of this. Forex traders treat the EUR/USD as if it is one trading instrument, it is not..... it is composed of two separate currencies that each nave their own behavior and these two behaviors must be taken into consideration. This is CON number 6.

Take a look at the second of the three photos on the right side of this hub near the top. Take a look at this visual map here, in less than 1 minute you can decide to not trade the EUR/USD because the EUR is mixed. In this case a EUR/USD trader would not take any action. This is CON number 7. EUR/USD traders dont know when NOT to trade!!

There are approximately 15 pairs you could easily trade on the spot forex, take the EUR/JPY for example, it has a low spread, it is volatile. How awful would it be for a EUR/USD trader to take their blinders off and move to another pair that might move 200 pips in one cycle in the London US session. Forcing trades into the EUR/USD every day for no valid reason is CON number 8.

Now look at the last photo on the bottom of the three photos above on this hub. This visual map clearly indicates for a trader to buy the EUR/JPY, a EUR/USD trader could sell the EUR/USD and get stopped out, or actually buy the EUR/USD and get lucky to some extent because the EUR is strong across the board and make some pips but not even know why they profited because they are ignorant of this fact. Ignorance of the condition of the forex market when you enter a trade is the road to failure and is CON number 9.

If you need a set of simple tools and a visual map to verify your trade entries into the EUR/USD along with 15 to 20 pairs not just one pair check out The Forex Heatmap (tm).

Trading many currency pairs is possible and tapping the full pip potential of many forex pairs is certainly possible with tools like this at Forexearlywarning.

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