Choosing a trading strategy.

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

Trading based on intuition is unproductive, as the visual market picture is quite misleading and often leads to incorrect decisions. To correctly assess a situation, one must understand its underlying causes.

This is why it's so important to choose the right trading strategy, or create your own based on existing ones.

First and foremost, I'd advise novice traders not to get too carried away with complex strategies; most market players of the last century made good money without knowing Fibonacci levels or calculating moving averages.

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

News trading - This trading method is based on fundamental analysis and the ability to analyze received information. While a number of events trigger a predictable market reaction, there are also many hidden factors that must be identified in news reports.

A 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 break above 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 involves opening trades in the direction of price movement. The trader's only task is to correctly determine this direction and find the most favorable entry point. The direction is determined using appropriate indicators and fundamental analysis, and the entry point is based on the trend dynamics.

Indicator strategies - there are many different scripts (Forex indicators) that provide signals for opening trades; simply install the tool in the trader's terminal. However, sometimes the accuracy of signals leaves much to be desired.

Scalping is one of the most profitable trading options, achieved through the use of high leverage. It's a rather risky strategy, with most trades being entered intuitively.

Automated trading uses specialized programs or terminals for trading, and can also involve copying trades or receiving signals. This means the trader has virtually no control over their decisions, and decision-making is entirely entrusted to scripts or signal providers. It's

difficult to recommend which Forex strategy is best; it all depends on your individual abilities, such as endurance, intuition, and logical thinking. Some traders make excellent profits through scalping, while others hold trades for months.