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Truly most traders don't get success in forex. The reason is their trading decisions are not based on sound research and learning. They think forex is a cash machine. You trade and procure immense cash. They don't consider it as a business.

I don't like to follow too many pairs. For my trading I just trade EURUSD and GBPUSD pairs. I comprehend these two pairs more as I have done good research on them. To me it is a smart thought to trade a couple of pairs. I figure each trader should begin with a single pair.

There are lot of successful traders who only follow technical analysis. They only avoid big news events. But economic data and fundamental analysis are different. So it's not necessary that you have to combine technical and fundamental analysis.