Successful trader for needed many many practice needed and very needed about the forex trading.I think that if your this subject wish so your developed possible.
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It is always better to chose just one pair of currency if we are a newbie to forex and we can avoid the confusion and its always better to be careful in investment in forex because forex is a very complex business and its risky factor is very high . its always better to start with a high investment .
Either we have one pair or currency then, we should have reliable online resources that will give us good details about that pair. And I think also that slowly try to learn those pairs related that the currency we are trading. There's a lot of popular forex news sites that we can get the latest news like bloomberg or NFP.
That's true. Although right now I'm trading eight different pairs. I started with one pair only. eur/usd. I told myself when I'm starting. If I'm not making money in one pair how can I earn in multiple pairs? that's why I only trade one pair. But once I make money. I add second pair and its usd/cad and add one more each time I make a good monthly trade and since I'm trading for 11 months now I have reach a point that I'm trading eight pairs at the same time right now.It actually even helps when you are concentrating on one currency pair because you are able to put your efforts and research towards that currency. For expert traders this might not be a problem but for beginners it would be rather advisable to start with one currency pair.