I think each trader will choose one strategy that suitable for their style, some trader like scalping and some another like day trading, all strategy might profitable but for overall forex trading is risky
Every single traders use his own strategy to work with his style. There is no one you will find, who has no strategy to work in Forex.
Forex trading is risky, just like every other business. Every successful trader learns to reduce the risk and ensure that the winning ratio is higher. Loss is inevitable.
Yes indeed this is risky business, might we often hear if 90% trader fail in forex, this should as early warning for beginner before imagine easy earning, most newbie having bad mindset if forex is easy way to earn but most of trader eventually get fail
Best strategies for beginners are that first learn forex basics from technical aspects and when we can learn basics then implement these in demo account because we can learn practically in demo account which help newbie for a good start.
Yes learn basic knowledge is first step for beginner, many source might we can learn from, babypips dot com is popular site to learn basic forex, and use demo accoun to trained and prepare skill trading with free from risk due only use virtual money
Reading article will never going to help any person, we have to implement all the ideas and views of strategy concept with our own mind then only we are going to learn well with forex.
I think still useful for broaden insight all about forex, but also need practice to finding suitable and profitable system trading, like as many people said if practice will make perfect
"There is Buy Signal when Moving Average with the Smallest Average Crosses the Second Period (20) and the SAR dotted lines are below it. There is a Sell signal when the moving average with the Smallest Average Crosses the Second Period (20) and the SAR dotted lines are above it." Hello Loftrader, please post an exact chart screenshot of this when the signal appears on your mt4. I would appreciate that. Thanks