This is a very common Forex question is that how many pairs one should trade & there is a lot of argument on the question. Some will tell that try one pair only as you can learn it very well & you can be pro at one not all in same time. On the other side people say that there is a lot of pairs & lot of opportunity, if you do not see all the pairs you are not going to get the best trades.
Both are right on their view. Now what a new trader should do. My suggestion is that yes you start with one pair, specially more liquid pair so that you can learn the details of the trading. Then you move to another pair & another & find the best pair that suits your trading style. Keep a close eye on your favourite pairs but do not close your eyes on other totally. Have a look on other pairs time by time. Best to make your own ranking of the pairs.
Both are right on their view. Now what a new trader should do. My suggestion is that yes you start with one pair, specially more liquid pair so that you can learn the details of the trading. Then you move to another pair & another & find the best pair that suits your trading style. Keep a close eye on your favourite pairs but do not close your eyes on other totally. Have a look on other pairs time by time. Best to make your own ranking of the pairs.
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