hello, i'm very new to forex, and i've spent the past month basically reading and learning as much as possible while demoing platforms from various brokers.
i've read that beginners should focus only on a single pair to be able to understand how the action moves on a day to day basis. however, some systems don't trade that often (sometimes no entries for 2 or 3 days)...so i was wondering if there are any downsides to trading multiple systems on a single pair.
i'm pretty good with following rules, so if i have a 5M system, 15M system, 4HR system, 1D system all on 1 pair, and i simply follow the rules for all of the systems, i should be able to learn about the particular pair i'm trading much faster, right?
are there any downsides to this approach? thanks.
i've read that beginners should focus only on a single pair to be able to understand how the action moves on a day to day basis. however, some systems don't trade that often (sometimes no entries for 2 or 3 days)...so i was wondering if there are any downsides to trading multiple systems on a single pair.
i'm pretty good with following rules, so if i have a 5M system, 15M system, 4HR system, 1D system all on 1 pair, and i simply follow the rules for all of the systems, i should be able to learn about the particular pair i'm trading much faster, right?
are there any downsides to this approach? thanks.