Very difficult to find a perfect trading strategy, the risk is always there in trading, no risk no gain, how to find a good trading strategy needs to backtest and adjust to our style, because the good trading strategy for one trader, not sure will be good also for another.
Choosing the best forex strategy depends upon a number of factors. You first need to consider your trading style and choose a time frame according to it. If you lean towards becoming a scalper, you’ll have to rely more on lower time frames that are 1 min to 15 min while swing traders rely on medium time frames and position traders rely on longer time frames. It should also depend on how often you want to open positions, what capital you’ll put in your trading account and what will be your risk limit. Choosing a strategy is a personal choice and every trader should have their own strategy that suits their trading style.
The best forex strategy is the one where you earn more than you lose. It doesn’t matter if you get it wrong 9 times out of 10, as long as that 10th time makes up the 9 losses and also gives you some profit.
How to make a profit higher than loss, using risk-reward ratio is one good plan trading, but also need accompanying with strict rules to enter the market, and really enter when the trend or level price supported to make a profit.
I suggest using the pin bar or price action strategy, the price action strategy makes be a bit complicated for beginners, but it is possible to make a consistent profit with it. And the pin bar is a simple strategy that any beginner trader can learn and make reasonable profits.
Pin bar included popular trading strategy based price action trading, using pin bar also need to accompanied to use stop loss and preventive trading plan, because not all pin bar will be valid as reversal sign, it may occur false signal based pin bar.
It’s good for new traders to focus on quality trades and don’t run behind the quantity of trades. Use a strategy where you can hold a trade for a longer time so that you can learn both fundamental and technical analysis, where you won’t have to stress about acting fast and can work on balancing your emotions. For that matter, swing and position trading are best. For a beginner, the most important thing is to learn and focus on the process, which I believe can not be achieved if you are only concerned about picking more and more opportunities.
Yes, trading forex is not about quantity, but about quality trading, although opens so many orders in a single day, if all orders only lose money, hence quantity is useless and endanger account maybe will face a margin call, but if traders make quality trading, one order may be better to make a big profit.