Less is more in forex trading so if you will start with one pair, then you can easily concentrate on many factors and you can easily learn that pair's reaction to certain news effect. Then you can get benefit from its moves.
But from my experience its really hard for concentrate to always monitor the news that will releaased , surely there are times when we miss the existance of news impact . cause learn of fundamental aspect really not easy as reading in many articles and in fact so many surpise moment that was unpredictable from that impact of news
That's my idea, for many traders, fundamental trading is too difficult and will take too much time, I think technical trading is more suitable for private traders and fundamental for professional managers.I also love technical trading, its very easy than fundamental trading. Learning fundamental is not easy, you practically need to READ a lot of stuff and need to keep the data released of any certain currency to predict is movement.
I'm new to forex, only thing I have ever done is copied trades & used Zulutrade for the past couple of months. I have also watched some training vids on candlestick patterns trying to learn about those in an attempt to teach myself technical analysis.
Now my question is based on trying to learn fundamental analysis after watching Jarrat Davis's free training vids & other research online. I was going to learn all about technical analysis & base my trading on that but now I'm not so sure. Problem I have is I don't watch the news or have any understanding of the world economy, hence the reason I was going to base my trading on technicals.
Now to start learning fundamentals is it best to chose a currency pair & focus on news about that one pair so I'm not trying to take in too much info & get confused & overwhelmed?