FXOpen Trader Posted August 16, 2021 Share Posted August 16, 2021 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. Quote Link to comment Share on other sites More sharing options...
Günter Posted August 26, 2021 Share Posted August 26, 2021 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. Quote Link to comment Share on other sites More sharing options...
AndrewJ Posted September 3, 2021 Share Posted September 3, 2021 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. Quote Link to comment Share on other sites More sharing options...
e_abrams Posted September 3, 2021 Share Posted September 3, 2021 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. Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted September 27, 2021 Share Posted September 27, 2021 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. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted October 2, 2021 Share Posted October 2, 2021 From my own experience, I can say that beginners can sometimes even make better decisions in trading. Quote Link to comment Share on other sites More sharing options...
Andrae Posted March 4, 2022 Share Posted March 4, 2022 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. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted March 4, 2022 Share Posted March 4, 2022 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. Quote Link to comment Share on other sites More sharing options...
Dora Wi Posted March 5, 2022 Share Posted March 5, 2022 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. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted March 6, 2022 Share Posted March 6, 2022 When I started working with a broker from ExpertOption, I initially used a demo account. It has become the right choice for learning. Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted March 13, 2022 Share Posted March 13, 2022 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 Quote Link to comment Share on other sites More sharing options...
Vaabum Posted April 4, 2022 Share Posted April 4, 2022 I think it's better to trade with experience. This option is more beneficial for the trader, as for me. Quote Link to comment Share on other sites More sharing options...
bigxy Posted April 4, 2022 Share Posted April 4, 2022 Experience comes up with the time spent in learning necessary skills in my opinion. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted April 5, 2022 Share Posted April 5, 2022 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. Quote Link to comment Share on other sites More sharing options...
bigxy Posted April 6, 2022 Share Posted April 6, 2022 Demo accounts can be helpful in learning forex trading and processes more easier than any other learning resources in my opinion. Quote Link to comment Share on other sites More sharing options...
ThomasFernandez Posted April 7, 2022 Share Posted April 7, 2022 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. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted April 8, 2022 Share Posted April 8, 2022 Why doesn't anyone think that newbies often lose money rather than make money? Quote Link to comment Share on other sites More sharing options...
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