I got some points but overall I could not understand it. Why we shouldnt set specific currency pairs? If we do it, we can better judge its behaviour. But if we trade different pairs, it will be difficult to understand their behaviour. I think 2 or 3 pairs are enough and we can choose them by practicing demo.

I think the bottom line of the advice is to keep all options open and to never restrict yourself. I agree with it to some extent. I think it needs more explanation.

I think a newbie should start with a demo and trade wisely. Start making a strategy when you understand how forex works. Keep practicing and modify your strategy. In this process you will win sometimes and sometimes you will loose. But all this will happen on demo so no worries. You will comeup with a good strategy in the end. It can take a few months for a novice. Check your strategy for some time to see if it is working fine in different market conditions and then implement it on your real account.

In my opinion we should stick to our strategies and can modify it a bit. All options open means that if strategy doesnt work fine for a day you can try another.

Ohhh actually you didnt get sasha's point. She is not saying that defining a strategy is wrong thing. Its very important or I would say essential to be succesful in forex trading. I am saying that during the process of defining a strategy, you should not restrict yourself and try to check each and everything and clear all doubts in your mind. Some people try a selected group of pairs and make strategy.

Originally posted by Sasha

I read a very nice article about forex. I like it and I want to share it with you. I will write its important points.

It is always suggested to have good strategy in forex. Thats helpful but some people are mistaken in understanding this line. Some of the new traders actually set some guidlines to read trading patterns and they strictly follow it. Never ever set specific times for trading or trading for any specific currency. As you know forex is very inconsistent market, so you must have all choices open. Read daily news about currency pairs that you are going to trade. Discuss it on forums to get better ideas of how indicators work. Do not get discouraged in case of loss and keep yourself cool and try to learn as much as you can. The best learning place is forums where experienced traders are sharing their experience and strategies.

that is very nice article can you send the full article or share the link of the article so we can read the full article .