Best strategy for a new person.

[tedmos38]

If you are on the lookout for a reliable Forex strategy, Scalping might be your safest choice. As a day trader, you will dip in and out of the market once or twice a day and always carry a position into another period. Ideally, the profit will come back.

Scalping can be stressful but...you have to stay at the front of screen, gazing at each and every move. Also, it requires higher margin and leverage.

 

[geedy]

I think news trading is an easy strategy for newbies who are intelligent enough to understand the impact. Also very easy to use economic calendars.

 

[easymon1]

but...you have to stay at the front of screen, gazing at each and every move.

Once Triggered, a Systematic Method paired with a Bracket Trading tool can relieve a trader of the constant babysitting function of trade management. Still need to keep your eyes on your fries, of course.
Here's an example, ymmv.

5 Minute Forex Scalping Strategy - (ymmv)
https://elitetrader.com/et/threads/...-man-and-beast-right-here-baby.335635/page-17

Bracket Orders - Could Your Trading Method use them?
https://elitetrader.com/et/threads/bracket-orders-could-your-trading-method-use-them.349950/

 

[easymon1]

Hey, where can we learn more about this strategy of yours?

Multi-Timeframe Trading -Trendline -123 Pattern, ymmv
https://elitetrader.com/et/threads/...t-right-here-baby.335635/page-20#post-5365946

 

[Bailey_John]

If you are on the lookout for a reliable Forex strategy, Scalping might be your safest choice. As a day trader, you will dip in and out of the market once or twice a day and always carry a position into another period. Ideally, the profit will come back.

Really?According to me, for someone who's new, scalping is not an easy strategy.

 

[tedmos38]

Multi-Timeframe Trading -Trendline -123 Pattern, ymmv
https://elitetrader.com/et/threads/...t-right-here-baby.335635/page-20#post-5365946

Thank you, let me have a look

 

[Thanag]

Despite the fact that even the easiest strategy can be taken, you should always remember that it needs to be tested.

 

[easymon1]

Despite the fact that even the easiest strategy can be taken, you should always remember that it needs to be tested.

 

[Abbas Ali Khan]

the result from any strategy depends on trading plan and money management, otherwise any kind of approach can be useless.

 

[tedmos38]

Despite the fact that even the easiest strategy can be taken, you should always remember that it needs to be tested.

Yes that is true