I think if you are a beginner you should trade only one currency pair because if it is once more trade Vecs the chance that you will lose everything, should choose a few that suits you and to audit his moves because if you look at more couples at a time so you start lakes and you can not really trade a pair of the trade would prefer less than more pairs of
really the best thing for traders to focus only in pairs not trade many pairs so he will be uncertain about entering and usd/chf ... eur/usd ... so good pairs for new traders
i think if you start to trade on demo account , you will find yourself attracted to specific pair of currency ,and in this case you will start to follow and watch this pair untill you begin to make demo trades on it , after this you will find that you are experienced with it and it`s prices and general trend
obstacles news that affect this pair of currency and may you discover a strategy on this pair
My advice for starters, one currency pair is enough to practice trading. If you think you are already capable enough to handle many pairs then go ahead. I knew some successful traders who can trade 10 or more currency pair at a time. I currently focus on one pair, much better because I got to study the pair's movement closely.
My life sucks....how about yours...?
What difference does it trade against the live demo? There must be a difference if this issue will not arise. I suggest to those who are new to forex, open an account cents. 100 USD fuel and try to start the trade.
In my personal opinion...Originally Posted by standgunz
Depositing $100 in Instaforex Micro Cent Account is more than enough for a beginner...
For me the first target for a beginner is to not get margin call then try to make consistent small profit...
A focus on a particular currency pair is something that is important...
but if there is a profit opportunity of the other currency pairs, why not?
It's hard to remain silent without doing anything when we know that we are experiencing a loss in a particular currency pair, then let the profit opportunities other currency pairs evaporated...
dude...each pair has their own charateristic...and each pairs has their own movement of the price...so beware when u are trade with more than 2 pair...it need a lot of energy and concentrate... dude
I also believe on concentrating on 1-2 pairs because its confusing to open many trades with different currencies. I tried and now i prefer to trade on two pairs only. And its best for me
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True, focus on one pair is enough to help you generate a profit. For me, when we trade many pairs will only cause us to lose focus and cause huge losses. It is better to trade in a pair only.
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