New trader GBP/USD to learn

You can definitely trade GBP pairs they are just very volatile. Being from the UK I don’t personally see as being very beneficial or not. Many times good news can come out that seem like it would send a certain pair skyrocketing only to have the opposite occur.

Nothing wrong with trading the GBP though.

These are decent time frames. From my experience I have to recommend higher times frames such as 4HR 8HR and Daily but there are traders who successfully trade lower time frames no problem!

There are many options for strategies this is true. Try not to get locked into “analysis paralysis” with all the options. Every strategy will have it’s winners and losers and a 40% win rate for a beginner is fantastic and even profitable with 2 to 1 risk reward ratio. The babypips school while great does provide a lot of information that for me would have definitely been overwhelming if I had read it all when I started out.

That is great. You should most definitely test your strategy thoroughly in demo before going live.

If you are interested I have a topic here called “insights from a 14+ year trading veteran” you can check out. It is received well by some and not so well by others but I am sharing there the key things I had to learn to become a full time trader.

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