Please someone should help me with a simple fx strategy. Am new to fx. Thanks
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I think you need to learn basic strategy like as using moving average, keep practice with a demo account first, a simple strategy using crossover two moving average is included strategy for beginner, but don`t jump to real account if not yet finding profitable strategy trading, in real account is more high pressure than only trade in demo account
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Mate, you are welcome here! But, please don’t try to follow others trading strategy or system, you have to build your own system by your knowledge & experience! As a new trader, you can start with BabyPips School, a great place to learn Forex.
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According to the previous replies, please learn manually & build your own trading skill.
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learning to be a trader is a little like learning to be a Doctor, a doctor will spend many years in school but at the end will choose a specialty that will only use about 10% of what he has learned. Traders are no different, they will learn and try out many different indicators, systems, and strategies, but in the end, will throw out most everything they have learned and settled on a very simple approach.
So you might ask why can’t I skip all that and just someone give me that simple approach, same reason Dorthy had to travel the yellow brick road when the good Witch could have told her from the start how to use the Ruby Slippers to get home. You simply will not believe it until you travel your own yellow brick road
Good luck in your quest, and watch out for flying monkeys
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Thanks to you all for your advice am gonna adhere to it. Trading is more difficult than I thought.
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It is a zero sum game or almost. Or whatever. So for you to make money someone needs to lose it.
And you are trading again experts who have been trading for a long time trying to make a living out of it or get filthy rich.
You can have beginner luck…for a little while.
Take your time. It is a long journey.
In the forum you can find a section where people show their own system. You may want to check there to have a general idea of the different styles while you try to build your own.
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A forex trader needs to select his trading strategies as per his trading objectives. So, which strategy will be right for you will be greatly dependent on your trading requirements. And yes, some simple trading strategies from my view point are scalping and swing.
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which strategy is more appropriate for you , it completely depends on you , try to be skill by learning , then you will able to choose the right one.
I use a combination of pinbars and SMA in higher time frames. It has high winning rates if followed accordingly.
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