The nature of the forex market is highly volatile. Traders need to learn to adapt to the ever changing market situations and amend their trading strategies accordingly.
Trading professionals must establish guidelines for when to take a long or short position when trading.
we the traders should choose the strategy which is more appropriate to the concept of trading that will be used.
I trade using the pin bar strategy with FP Markets because of lower spreads, and the pin bar is a simple strategy for beginners to make possible profits.
No matter which strategy you use, make sure that you are able to preserve your capital for a long run. Be it scalping, swing trading, or any other strategy, if you are able to trade for a long time, you are using the best strategy.
Before you settle with any one of them, try every strategy. It might seem as a process of trial and error but that’s how it is done. So, keep experimenting and improving before you settle with any strategy.