Hi guys thank you all all for the info you have blessed me with but I have another question.
As a trader should I have multiple trading strategies or should I stick to one and get better at it.
Like me I’m a beginner trader I want to try multiple strategies but feel like it’s too much and that it will confuse me later on.but then I feel like it would help me trade in diffrent scenarios.I want to trend lines and supply and demand ,should I stick to one and if so which or should I do both.
Opinions are going to differ, on that one, I think.
But that’s probably part of what makes it a good question. 
The problem with having only one is that if (some people would say “when”?!) it stops working, you’ll be back to square one. And I think that’s quite a strong argument, really.
But you’re definitely right that at the start multiple strategies are too much to handle.
IMO you can’t go far wrong sticking to trend-following trading, whatever stage you’re at.
But understand clearly that trend-following doesn’t necessarily have to involve trend-lines (though it can).
“Supply” and “demand” are HUGELY misunderstood in the context of forex trading, and you’ll benefit (at least for now, and maybe for longer) by ignoring them.
Support and resistance, yes, definitely.
Supply and demand, that’s a big NO. Terribly misleading.
Remember, with CFD’s you’re not trading, per se: you’re betting against a counterparty. Your “broker” isn’t actually a broker at all.
What about chart patterns should I use those or dump them
In the words of Bruce Lee…
Supply and demand is fine if that’s what you choose. Just back it up with a good understanding of market structure and multi time frame analysis.
I think Jadzia’s point, in that context, is perhaps that it isn’t really supply and demand, with CFD’s, as they’re bets and not in a market at all, and therefore not a helpful way of thinking about it.
I’d agree with that.
I’m not disputing that CFD trading is against the broker. That is a given. But areas on the chart where price consolidates before breaking out can still be used as points of interest, if supply and demand is the path that shawn23 chooses.
I think who is on the other side of your trade or processing your orders vs who you are trading with by reading the charts are unrelated. That would be like saying market structure doesn’t exist because the broker is a CFD broker.
After re-reading his post, I’m not even sure if Jadzia was implying that supply and demand is a fallacy when trading with CFD brokers.
If these are what you’re referring to
Lol, opinions are going to vary there, too! I find pin-bars with-the-trend and Brooks’ H1/2-L1/2 patterns reliable and tradable. 
Yeah I was referring to that
Jadzia said for a beginner I should stay away from supply and and demand so I think I’m going to work with trend lines. I think that their easier for me to understand.
There are certainly people sitting on institutional trading floors being paid fortunes for trading from them.
I acknowledge that this comment does not necessarily answer your question, though!
I am not all that experienced but I agree with all that @Jadzia.Daxtrader said up above.
Depends.
For me, I am trying a few strategies out, one of them doesn’t really need any skill as such, just practise and so I can do that alongside something else that does need skill and experience.
I then have something to fall back on if one strategy has a losing month.
I will have three different trading accounts and an EA that I have written, early days yet though, none of them might work, I will let you know in a few months time!
Hi @shawn23_stg ,
This will be my last post before I go to sleep 
You should only have one method to analyze market. From your method, you will have different type of strategy from it.
Base on my observation to most traders, some of them have multiple strategies. Mostly it’s because they dont know how to analyze market. Example, they use MACD on EURUSD and Stochastic for XAUUSD. Then we count it as 2 strategies. This will be hard for a trader to improve.
So the proper one is … you have one methodology to identify the market, from this method you can differentiate many strategy. Example, when you use price action ¶, you can identify trending and sideways. You can differentiate market condition, let say into 2. From here you try to simplify it by using indicator.
When market is trending, you will use MA to identify entry point. When market is sideways, you will use MACD to enter the market. From here, you will improve easily. You can also create your strategy, evolve according to market development.
By my experience, when you dont know how to analyze the market, there will be period of time, your strategy will fail. You will be suffer a lot of loss. When you know how to analyze market, you will keep trading despite of market condition
Pick a strategy or time frame that fits your lifestyle.
Strategy for trade entry does not matter for profitability.
As a beginner, should I stick to one trading strategy or try to learn multiple at once? Chart patterns like head and shoulders and triangles are getting overwhelming; what’s the best approach?
Have you read the thread at all, Kevin? The answers are just above …
I don’t think you’ll persuade people that it’s true by continuing to state it baldly and boldly.
I think that if you explain that entry parameters are the least important aspect of a trading plan (as many other experienced members here do) more people will be willing to listen, and you’ll help more people as a result.
It’s just my unprompted (but not, I hope, unwelcome) thought for an NFP Friday. 
I’m glad to see someone saying that.
These concepts are a hangover from stock trading, really, aren’t they? They’re totally out of place with forex CFDs.
