Choosing a trading strategy.

Unsystematic Forex trading most often causes losses, and sometimes even the complete loss of a deposit.

Trading on intuition does not lead to anything good, since the visual picture of the market is quite deceptive and often leads to making the wrong decisions.

To correctly assess the situation, you need to have an idea of ​​the reasons that created it. This is why it is so important to choose the right trading strategy, or create your own version based on existing ones.

First of all, I would like to advise novice traders not to get too carried away with complex strategies; most stock exchange players of the last century made good money without knowing Fibo levels or calculating the moving average.

You can choose the most suitable Forex trading strategy by testing the existing options:

Trading on news - this trading option is based on the use of fundamental analysis and the ability to analyze the information received.

There are a number of events that cause a predicted market reaction, but there are also a lot of hidden factors that should be recognized in news reports. The breakout strategy is one of the most effective and at the same time simple trading options.

It is based on the theory that the longer the price fails to overcome a certain level, the more likely it is to move further if a breakout does occur. Trading is carried out using pending orders. A simple trend strategy - its essence is to open transactions in the direction of price movement; the trader’s task is only to correctly determine this direction and find the most successful entry point into the market.

The direction is determined using appropriate indicators and fundamental analysis, and the entry point is determined based on the dynamics of the trend movement. Indicator strategies - there are a lot of different scripts (Forex indicators) that give signals to open transactions; you just need to install the tool in the trader’s terminal.

True, sometimes the accuracy of signals leaves much to be desired. Scalping is one of the most highly profitable trading options; this effect is achieved through the use of large leverage.

Quite a risky strategy in which most transactions are opened on intuition. Auto trading - special programs or terminals are used for trading, it can also be copying transactions or receiving signals.

That is, practically nothing depends on the trader; decision-making is completely entrusted to scripts or signal providers. It is difficult to advise which Forex strategy is better; it all depends on your individual abilities, such as endurance, intuition, and the ability to think logically. Some people make great money from scalping, others hold deals for months.