Hi, I’m pretty new to the Forex market (2 months) and I’d like to hear about what more experienced traders have to say about the title of this topic.
I live in Switzerland so I thought it was best if my brokerage account was in CHF. Now, would it be a good idea to just trade pairs that have CHF as quote currency (EURCHF, GBPCHF, AUDCHF, NZDCHF, USDCHF, CADCHF)?
I’m not sure if it was a good idea because maybe it could get risky when there is news that affects the CHF.
When new trading just 1 or 2 pairs is a good idea , it stops over trading and chasing the market. If comfortable with CHF no trouble , I did a vid on this a while ago that that may help
I think its best to use demo or very limited account and experience all the majors,minors pairs ect ,so you get a feel of how to trade them and their "movements. "It might not be a bad idea to limit oneself to only a few pairs initially but in doing so you might miss out on opportunities of possible profits