Is it best to start with just one currency pair to learn fundamentals?

[EuroTrader]

Following news is necessary so you'd be aware when there'll be great volatility and what kind of news is the type that affects the market the most, like anything to do with FED or the ECB. From then on I'd say that trading news is something that people should try when they've gained some (or a lot) of experience.

If we want to take the best advantage in our trading then we have to make use of the news and see how we are going to improve upon our trading in general

 

[downtrend]

It is a very good method to trade on one pair or at least 2 pairs in order to understand them well. Every pair has some ATR and other characteristics that can be mastered and traded easily.

 

[nahiyar]

Yes trading in too many pairs diverts your attention. Just focus on one or 2 pairs to see their fundamental and daily routine .In this way you can understand its movement and fine details that will help in doing good trading.

 

[mlawson71]

Whatever you're learning, it's always a good idea to start small and then branch out. That applies to learning both technical and fundamental analysis. It's really just common sense - too much information at once can be confusing, so it's best to avoid that. After all, you need to not just to remember this information, you need to analize and understand it too.

 

[EURUSD]

Fundamental news smetime influenced on many pair, if we focus and concentration when news high impact released and giving high impact, hence we can check some pair move with spike movement and rapidly

 

[EuroTrader]

Fundamental news smetime influenced on many pair, if we focus and concentration when news high impact released and giving high impact, hence we can check some pair move with spike movement and rapidly

Whenever we are doing trades with higher lots then we need to think about how the moves are going to effect us and what kind of trading is best suitable to us

 

[ElaineMDG]

Also finding out recently though, that just because it seems "logical" for a pair to make a certain move just after an announcement, and even if it seems 95% of Fx "pundits" are predicting this certain move-don't be surprised when it goes the opposite way!

Can't remember exactly which one it was a week or so ago, but this happened & I remarked to a friend who trades stocks occasionally: "WTH?? It shouldn't have done THAT-WHAT happened??!!" Her response? "WELCOME TO THE MARKET"!! It's definitely got a mind of its own!!

 

[EuroTrader]

Also finding out recently though, that just because it seems "logical" for a pair to make a certain move just after an announcement, and even if it seems 95% of Fx "pundits" are predicting this certain move-don't be surprised when it goes the opposite way!

Can't remember exactly which one it was a week or so ago, but this happened & I remarked to a friend who trades stocks occasionally: "WTH?? It shouldn't have done THAT-WHAT happened??!!" Her response? "WELCOME TO THE MARKET"!! It's definitely got a mind of its own!!

Yes that is true as i have seen the moves that took place in the NFP this week on Friday. As you can see the markets moved in both the directions so the traders who had the Buy positions also lost and the traders who had the Sell positions also lost.

 

[downtrend]

Its best to start with just one currency pair and then add up some other pairs as you get knowledge and information about trading.

 

[EuroTrader]

Its best to start with just one currency pair and then add up some other pairs as you get knowledge and information about trading.

We have many options in selecting which is the best currency for us and the main reason is that if we are trading in the currency pair that we are comfortable with then it will be easier for us