Just because there are more than 70 pairs of forex available to trade…doesn’t mean we have to trade them all.
Different forex pairs have different spreads and peculiarities. It might be better for beginners to focus on the pairs with the tightest spreads and highest liquidity.
Just because there are 5 days a week to trade forex…doesn’t mean we have to trade on all 5 days.
Certain days are known to be more favourable for forex trading. Most traders agree that Mondays and Fridays are generally bad days to trade forex.
Just because there are 24 hours a day to trade forex…doesn’t mean we have to trade every hour.
There are different forex sessions (Asian, London, New York), and each session has different characteristics. For example, the Asian session is known to have the least volatility (i.e. movement).
Simple principles, but I’m still struggling real hard to master them.