Thoughts on choose what to trade for newbie?

abi211gail

Trader
Sep 6, 2019
8
2
24
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Anyone have any thoughts or suggestion that what should a rookie do when it comes to choosing what to trade?
focus on one or multiple at the same time?
and just out of curious, what do you guys trade currently?
 
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jim carter

Trader
Oct 5, 2019
12
0
7
34
My advice is to trade pairs you understand. Instead of choosing a number of pairs, for the start its better to choose 2/3 pairs. You can try out any major pairs they are highly popular and volatile.
 

torry9

Newbie
Jan 6, 2020
20
3
4
32
Majors (USD pairs) work the best for a beginner I believe. As far as the number is concerned, for a rookie better limit the no of pairs to a few than eyeing on so many at once.
 

Zack King

Active Trader
Mar 4, 2019
130
28
44
i would say try a bit of the charts that take your fancy, see what you like and what you dont like. keep a handful of charts open on demo and see
 

AKFX

Trader
Mar 5, 2019
21
0
17
33
Anyone have any thoughts or suggestion that what should a rookie do when it comes to choosing what to trade?
focus on one or multiple at the same time?
and just out of curious, what do you guys trade currently?

Do not spread yourself to thin, stick to a few pairs only, I would probably suggest choosing from the major pairs to begin with.

Be the master of one, not the joker of all forex pairs.
 

Zack King

Active Trader
Mar 4, 2019
130
28
44
EUR, GBP and USD pairs are good to start with as they USUALLY maintain a relatively solid price and not too volatile so might be good to start out with on demo
 

Kingston

Trader
Mar 20, 2020
30
3
9
32
Anyone have any thoughts or suggestion that what should a rookie do when it comes to choosing what to trade?
focus on one or multiple at the same time?
and just out of curious, what do you guys trade currently?
Good to start with a smaller number according to me. That helps you understand how pairs work better.Rest euro and usd are my favourite pairs.
 

yeneffer

Banned
Mar 30, 2020
44
6
19
38
To me, trading in a major pairs are a good way to improve your trading. The volatility is low and liquidity is better so you should be able to trade better
 

pippin

Trader
Jul 16, 2019
49
2
19
31
Anyone have any thoughts or suggestion that what should a rookie do when it comes to choosing what to trade?
focus on one or multiple at the same time?
and just out of curious, what do you guys trade currently?
Majors, Gold. They are liquid and volatile enough to catch price swings (use leverage with caution), gold is also perfect for long-term predictions especially when Central Banks pursuit goals of flooding liquidity into economy and governments doing the same with fiscal stimulus.
 

Pretty6

Newbie
Apr 7, 2020
27
1
4
31
No matter what one trades, my suggestion is to start with low capital in the beginning. That's a must. Do not start large or over trade as that can really help you blow your account in seconds.
 
Jul 17, 2020
4
0
12
31
The stability of EUR/USD makes it favourable for the beginners. My another favourite is JPY/USD. Yen’s shown its strength, especially ever since the crumble in 2008. It's surely emerged as a safe haven.