Best strategy for a new person.

[tedmos38]

It seems to me that the most important thing is that a person must decide on his own and choose the strategy that Lesya will be for him, and this can be done with the help of a demo account.

Yes it is always recommended to well test a strategy on a demo account, is there any particular strategy that you follow?

 

[earnforex]

I believe traders should formulate their own trading strategy based on their goals and risk appetite. To be doubly sure, they can backtest their strategies on demo accounts.

 

[tedmos38]

I believe traders should formulate their own trading strategy based on their goals and risk appetite. To be doubly sure, they can backtest their strategies on demo accounts.

Thanks for the information

 

[Umrd33]

You need to choose the simplest and easiest strategy, so you can grow experience and skills.

 

[Evrardmakon]

You can try not to make it so complicated and work with the basics first. This will help you better when you’re trading live.

 

[Nealeliff]

Go day trading. Wait and watch instead of placing bets instantly for making quick bucks.

 

[Raheel Shaikh]

Visit Baby-Pips if you are a beginner and learn the basics until you feel confident
then look out for strategies that fit your style.

You have various trading styles
Scalping, Intraday and Swing

Chose what you want to do then look out for courses on that subject

You have different strategies for trading forex such as:
Supply & Demand
Support Resistance
Patterns
Structure
Beak out / Retest

These are the most popular ones and without indicators
you can explore on YouTube and look for more details on these.

In the end you will resort to something that could be a combination of all of there or something that only you can see in the market. That's the goal and the best strategy

 

[Esha.J]

Strategies should be changed from time to time and you need to understand that one strategy wouldn't be able to work for every person, so don't just copy it.

 

[murray t turtle]

Anytime you get some extra money, buy SPY and QQQ. It is boring but mostly reliable.

%%
Good points;
except color printed [SPY......]charts may not be boring. May not be exciting, but that's OK.

 

[koczeau]

For a new trader I would always suggest the swing trading strategy. This allows traders to understand the market as a whole and see what components affect the price.