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Hi sledge,
It's good to concentrate on one to get a feel for it, that's how I started with GBPUSD. Little by little I started studying a few others, but I limit myself to 3-4 for now, anymore might be overkill for one trader. But I monitor up to 8 pairs to see if the moves are legit (support from other pairs). |
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Focusing on one pair - preferably a major (especially when you first get started in forex) is a good idea. I too focused on cable when I first started. I believe once you know one pairs' personality, it's generally not as difficult to learn the personality of others.
There are a lot of ponds to fish in. There's almost always one or two pairs that provide decent setups during the course of a week (depending on your strat and the time-frame you play). No sense over stressing your brain, or your account.