Would GBPJPY here be a minor currency pair? Does it mean that the leverage and spreads can take a backseat? Perhaps I should just start with EURUSD.
With USD/CHF resistance zone in between 0.9119 and 0.9142, taking advantage of the counter-trend reversal, which is in the short resistance zone. Looking forward to new breakdowns after Swiss authorities efforts to trade deals with the UK.
You are correct. EUR/USD is where I would start, but I have been trading professionally, full-time, for 22 years. GBP/AUD & GBP/JPY (which are not part of the majors) is where I would eventually go, as my skills advanced, and I felt ready for them. Take your time. It's a VERY long journey... In terms of leverage, let's just say I am well capitalized to withstand the risk. You need to able to stomach the swings, otherwise you are trading in a state of fear. Start small with EUR/USD, and gradually grow...
I think I am gonna use leverage only now when my capital is low, with hopefully more to invest in the future I might not want to risk my money.
The advantage of Forex is that you can trade small amounts, as in $10K, instead of the nominal $100K+ in Futures, or have the need of a larger account, when trading equities...