Too many trades may leave you over-extended, or lead to careless mistakes. Limiting the time you spend trading will help you focus more on the charts and numbers you should be looking at. When you are just getting started in trading, be sure to keep your systems simple. Trying to work with a complicated system will only make the problems more difficult to solve. As a biginner, start with the methods that you understand. As you progress and gain more experience, then it will be time to accelerate. Once you have some early success, you can move on to more complicated ideas.
Beginners are often tempted to try to invest all over the place when they start out in forex trading. Always start with a single currency pair while you gain more experience. As you learn more, begin to expand slowly. You’ll save your money this way.