Best strategy for a new person.

[easymon1]

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.

Best strategy for a new person.
Keep your eyes on your fries.

"Trading an Engulfing Candle at Support & Resistance provides greater conviction."
https://www.elitetrader.com/et/thre...t-right-here-baby.335635/page-10#post-5014575

+1
What would you say belongs in a solid trading plan?
https://elitetrader.com/et/threads/...solid-trading-plan.340340/page-4#post-5031706

Tell us how you do.

 

[breakneck]

Buy and hold is what I suggest. The strategy gives you enough time to analyse the market and open trading positions. And yes, don’t forget to use stop loss and take profit to limit your losses to some extent.

 

[easymon1]

Buy and hold is what I suggest. The strategy gives you enough time to analyse the market and open trading positions. And yes, don’t forget to use stop loss and take profit to limit your losses to some extent.

Show us how you have used this strategy with a couple of charts to demonstrate how a trader can emulate your performance?

 

[Killjoy]

You can try your hands at different strategies available on the market to see which one works the most for you. A single strategy can’t fit every trader’s requirements.

 

[FahadMd]

any kind of trading strategy can be better if you have most powerful analyzing trading knowledge and experience. so should focus on there.

 

[Ahmed Solaiman]

what you think Mate ? there is any major difference between money and risk management ? its all about same issue or any major difference ?

 

[JimmyChoo]

its all about to avoid unfortunate risk and losses , there is no major difference between two, almost same issue

 

[Ahmed Solaiman]

any kind of trading strategy can be better if you have most powerful analyzing trading knowledge and experience. so should focus on there.

sometimes any kind of knowledge can be useless , because there is nothing 100% in Forex trading , everything is uncertain

 

[PeterNguyen]

There are a few strategies that can be friendly for beginners. Range Trading strategy is an example as it only requires identifying a range with opportunities to buys and sell over a short period of time. It is one of the easiest to execute because a trader just buys when a market reaches an oversold/support level and sells during an overbought/resistance level.

 

[JimmyChoo]

besides a good trading strategies we the traders need a powerful money management , otherwsie any kind of trading can be useless.