Which trading strategy is best for someone just starting in forex?
Makky RosasJust now--
For beginners in forex, the best strategies are Swing Trading and Trend Following, as they require less time, lower stress and allow all traders to analyze large price movements. These 2 methods help traders to understand technical things like identify support, resistance and moving averages without the pressure of decision making.
1. Swing Trading:- it holds position for days and week to catch the movement of medium term markets.
2. Trend Following:- Identify whether the market is going up or down using Moving Averages, and trade in the same direction.