You should concentrate on learning then you will be able to understand the experience people’s strategy, initially you can not earn from your own strategy, you should follow the successful people’s strategies in order to start forex trading with proper way.
can you expand more on this, what do you mean by price action strategy , can you give us a breakdown on how you place a trade, how you determine a good opportunity
For beginners there are many things, indicators and different analysis to learn . While starting forex trading work on demo to lear all details of trading . After it you can go to live trading work with low investment here so that you can see the results of your learning in live trading.
Starting can be very tricky because if things work, it can make us greedy and make us forget all the discipline things and all that which eventually set us back and make us lose. It’s more complicated if we lose because then we could doubt our ability and might even quit. So what we need to do is to stay grounded and relaxed no matter the results and always focus on learning and working with discipline.
It’s good to hear that you want to enter the forex market with your own strategy. Being a newbie first you need to get understanding of the functioning of market, gain experience by trading on demo accounts and try to understand strategies of other professional traders. It will take time but eventually you will start understanding with consistent efforts. After gaining considerable knowledge and experience you can formulate your own trading strategy as per your own schedule, trading style and interest. Initially learning is the only thing on which you should concentrate upon.
There are many strategies in open access on the web on forums, etc, you should use a simple one as your foundation, and then you’ll start to understand how it works and perhaps then you’ll be able to start making your own strategy.