Very good post. If you understand and believe in your strategy then emotions don't really come into it. A lot of people in trading go on about the psychology of trading but the real factor behind this is a bad strategy / understanding of the DD of ones strategy
Same thing could be said for manually trading a strategy. As least with an EA you can quickly and easily backtest a strategy to know if it sucks or not
CAD is a nice pair. I've made a lot of money from this over the last year. But NZD I've never had much luck with and the spreads are too high for the potential rewards
I see your point but I think that a total newbie should focus on one or two FX pairs to start with. It can be very overwhelming to look at many FX pairs at the same time
Trading does take time to learn and not everyone is suited to it. I think that if you haven't started making money after a couple of years then you could give up and move on to something else
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