Focus on Fewer Currencies

To trade like a pro you need to understand the logic, economics, and dynamics of how to trade successfully. In other words, trading in too many markets will distract you from the basics. You should focus on one or two currency pairs, this would allow you to better understand how they behave; you will be able to know the volatility levels and the daily range to expect on different days. By the same logic, do not put all your eggs in one basket. Imagine your capital was divided into 50 equal parts; you can not lose more than 2% on an individual trade. Further imagine that you loss 5 times in a row, you still 45 opportunities for a winning trade. Putting all your money in one trade is bad business.

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