Is it advisable to trade on all currency pair as a newbie?

[FXOpen Trader]

On 8/12/2021 at 3:02 PM, Harvey said:

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.

We can easily learn trading in the Forex markets with the help of the Demo Trading accounts.

[Günter]

Newbies willing to make money from the market should not trade more than three pairs. There are always classic pairs, and we should stick to them like eur/usd or eur/yen.

Because they are popular in demand and also have lower spreads and better movement to earn profits.

[AndrewJ]

As a newbie, trading on all currency pairs is a good choice for finding a suitable pair and familiarising yourself with the market's time frame. I suggest trying those pairs in a demo account to avoid major losses.

[e_abrams]

Nobody can trade on all currency pairs and be successful. Pick a few of the more popular ones and try them out, then narrow them down to one or two at a time.

[FXOpen Trader]

On 9/3/2021 at 9:26 PM, e_abrams said:

Nobody can trade on all currency pairs and be successful. Pick a few of the more popular ones and try them out, then narrow them down to one or two at a time.

When we are getting more income from our trades we will be able to get the required profits from doing our trades.

[Vaabum]

From my own experience, I can say that beginners can sometimes even make better decisions in trading.

[Andrae]

If you are using a demo account to trade all currency pairs, then it is good because every trader has their own trading currency pair suitable for them.

[Vaabum]

Is it worth it to work with all pairs at once? You need to understand that it is difficult for a beginner to cover everything at once.

[Dora Wi]

It is advisable to start out using only one currency pair so that you can get to know that pair as well as possible - you need to have knowledge about the economies behind them and find the right news sources to follow.

[Vaabum]

When I started working with a broker from ExpertOption, I initially used a demo account. It has become the right choice for learning.

[FXOpen Trader]

On 3/6/2022 at 8:34 PM, Vaabum said:

When I started working with a broker from ExpertOption, I initially used a demo account. It has become the right choice for learning.

I have been doing my Forex Trading from the last 10 Years with FXOpen Markets and they have very secure and fast Trading MT4 Terminal

[Vaabum]

I think it's better to trade with experience. This option is more beneficial for the trader, as for me.

[bigxy]

Experience comes up with the time spent in learning necessary skills in my opinion.

[Vaabum]

15 hours ago, bigxy said:

Experience comes up with the time spent in learning necessary skills in my opinion.

Absolutely true, but at the same time - it is better to first gain experience, and then work. When I started working with a broker from ExpertOption, I used a demo account for this.

[bigxy]

Demo accounts can be helpful in learning forex trading and processes more easier than any other learning resources in my opinion.

[ThomasFernandez]

Trading on all pairs as a newbie does give exposure to the currency pairs and how each currency pair market works, so newbies can find their suitable pair to trade, and I suggest trading with multiple pairs on a demo account to avoid higher losses.

[Vaabum]

Why doesn't anyone think that newbies often lose money rather than make money?