Best strategy for a new person.

the trading plan we do generally according to our knowledge and experience actually not works when trading in difficult situation , its the real fact. and nothing is permanent in this trading place.
 
the trading strategy is really important to survive in Forex market but the main problem is most of the time our strategies works to fail after having powerful money management.
 
There isn’t just one. Any strategy can work for you and so you have to determine which one you want to go with. The best thing I can suggest is trying out as many strategies as you can on your demo account and comparing the outcomes to find out which one proved to be the best one for you.
 
The best strategy for a newcomer in forex trading is to stick to a reliable pair of currencies with steady price action. Try to choose a pair of currencies representing stable economies.
 
You can only find out the right strategy for yourself through hit and trial method.Try out different strategies on a demo account and go for the one that suits your goals. Before using any strategy, you should know that it is not going to work for a lifetime. It’s better to tweak it from time to time so that you don’t end up in a situation where your strategy suddenly fails and you’ve to create a new one from scratch.
 
The best strategy for a new person is to create a trade journal. This will help you track your wins and losses and make necessary adjustments. Additionally, it is important to demo trade for a while before diving in. If you consider yourself a day trader, it is best to consider becoming familiar with Swing Trading. This allows you to magnify your returns while decreasing your risk.
 
LuckyMac said:
I would suggest a simple strategy that can be easily followed. You need to know foundations first and demo a few to get you familiar. There are tonnes of great threads in the trading section and technical topics. Youtube is solid too
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Agree start with the basics then open demo account
 
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