Best strategy for a new person.

Discussion in 'Forex' started by tedmos38, Feb 25, 2021.

  1. You can choose the buy and hold strategy. You can take your time to understand the market that way.
     
    #171     Oct 28, 2021
  2. benten

    benten

    Price action strategy without indicators also works well for beginners.
     
    #172     Oct 28, 2021

  3. Exactly! you cannot tell someone to trade a certain way
    the personality the way of approach factors in and it varies from person to person

    The best to find your way into the woods you can use a path that's followed by the majority and and then decide if you wish to continue or make your own
    All comes down to personal experience.
     
    #173     Oct 28, 2021
    Leob likes this.
  4. If you genuinely want to understand the market, try not to keep yourself busy with opening and closing positions continuously. Rather concentrate on holding the positions for a few weeks to see the impact like Swing traders. You can also follow a semi automated strategy. It will introduce you to manual trading as well as using EAs.
    When you’ll choose a strategy, use it on a demo account first.
     
    #174     Nov 1, 2021
    tomorton likes this.
  5. tomorton

    tomorton

    Good to also visualise what new traders typically believe about trading and then avoid doing what they do. Typically they will assume that trading must be done from reversal levels and intra-day. These beliefs drive them down familiar rabbit-holes which just lead to losses and eventually wipe-out.
     
    #175     Nov 1, 2021
  6. most of the time our best strategy works to fail , because there is nothing 100% in Forex trading , so never depend on your trading strategy for all time.
     
    #176     Nov 18, 2021
  7. You won’t know which strategy is the best for you until you see what other strategies have got to offer. By reading about a strategy, you will only know the ideal conditions. But how they work for you actually can be found when you use them on your own. Start with long-term strategies and then, move to the short-term ones until you have found the best one for you.
     
    #177     Nov 18, 2021
  8. FahadMd

    FahadMd

    beginners should choose the best strategy which is more appropriate to the concept of trading that will be used , if you love doing scalping should choose the broker which has lowest trading spreads.
     
    #178     Nov 20, 2021
  9. That would be a difficult choice with so many strategies that seem to be profitable. Why not try all of them on a demo account and see which ones work. No need to stick to just one strategy. Always use a strategy when it fits a certain situation perfectly.
     
    #179     Nov 22, 2021
  10. The best strategy for trading forex is to create a trading plan. A plan should include the market you are going to trade, how much money you are going to risk, the signals you will look for before making a trade, and what to do if you make or lose money.
     
    #180     Nov 22, 2021