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Posted

One pair is good to learn and one pair to excel and becoming a profitable trader of future. Otherwise jack of all trades are usually masters of none.

  • 11 months later...
Posted

When I was a beginner, I also could not decide how many currency pairs I should choose for trading, because the Amarkets broker has more than 250 instruments for trading and experienced managers advised me to take 2 - 3.

Posted

Yes and no. If there are obvious potential then no reason why not to trade on different pairs. However, it is important not to force yourself into trading through options not known. My preference is with FreshForex broker, as they have over 130 instruments to pick from with tight spread, so that is where I can choose according to my comfort.
 

  • 3 months later...
Posted

You should understand that only a beginner can trade "like a beginner". The more experience a trader has, the more the trader's working style will differ.

Posted

As a beginner, I suggest trying most major pairs in the demo account to find the best suitable one.

The EURUSD is mostly used; it is also better to have an alternate pair, So it's better to trade with as many possible currency pairs.

  • 2 weeks later...
Posted

learn the pair and stick to it, no one will stop you from trading all pairs, but for gods sake why would anyone do that, for starters just do eurusd and usdgbp there is more than enough room to learn those and get good at trading them. 

  • 2 weeks later...
Posted

If you are using a demo account, there is no harm in trying various currency pairs because it is risk-free if its live account using various pairs could lead to higher loss.

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