Some strategies i can use at first try

Beginner Questions
1

what strategies can i use on my first try trading

1 Like
2

Hmmm. :thinking: This is one of the systems I tried out when I was still starting! :blush: I still refer to it every now and then when I think of tweaking my system. :smiley: I think it’s pretty easy to follow but just be sure that you try demo trading first! :smiley:

1 Like
3

For your first try, keep it simple. Start with one market like EURUSD and one timeframe such as H1. Try these beginner friendly strategies:

  1. Support and Resistance – trade bounces or breakouts around key price levels.
  2. Moving Average Crossover – use a 20 and 50 EMA, buy when the 20 crosses above, sell when it crosses below.
  3. Trendline Pullback – follow the main trend and enter on retracements.

Test these on a demo first to learn timing, stops, and position sizing before trading live.

4

I was advised to start with something simple. It is different for everyone as we have different level of knowledge and skills. For now my focus is keeping it simple, not making complex moves and sticking to my plan. I don’t use too many indicators and don’t place trades for the sake of it. It’s better to wait for the right moment and backtest every strategy before trying. Basically, stay patient and stop chasing random moves. Honestly, keep it basic at first, test it on demo, and focus more on reading the charts than predicting them.

5

Using too many indicators may only distract and can be confusing too… First of all, a demo account can be helpful in learning the market mechanics without even depositing any real money. They can be used to read the market and backtesting or forward testing any strategy before implementing on live trading accounts.

6

the very important thing is to first start with demo account, and if you are looking for a simple strategy, try ma crossover

7

If it’s your first time trading live funds, start small. Stick to simple setups like support/resistance or clear trend trades; consistency matters more than complexity

8

Focus on following the market trend and conduct basic research on the individual currency pairs before entering a trade. Double down cautiously only if your research is strong, with a maximum of three doubling positions. If unsure, stick to strict SL’s instead of adding more positions… never add to a losing trade when unsure. This approach will help you as a beginner to understand the market behaviour while managing risk.