Forex Trading Strategies

WHICH TRADING STRATEGY SHOULD I START WITH? 🙂

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Which trading strategy should I start with? What trading strategy or setup could I use to start with? What are some stock trading strategies for beginners? The first thing you need to do is to decide on a market that you want to trade. Beware that some of the forex pairs are very much news driven so potentially dangerous for traders… Try to pick up a market which is aligned with what you want to achieve. If you’re a day trader you want a reasonable trading range and tight spreads.

Second, choose a strategy. You need to select a strategy that works for the market you’re trading. Become a specialist in one market and one strategy. If you commit to this you’ll get better results. Strategies could be trading the first pullback or flag patterns. Perhaps a trend-type trade… Pick your own rules for your bias. Commit to something and stick to it; this is a learning curve!

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