A forex trading strategy will help you to decide when to buy and when to sell a currency pair. This involves studying the fundamental and technical factors. So when it comes to choosing the best forex trading strategy, we would tell you that there is no single answer to this. All the forex trading strategies are unique and what might work for one investor might not work for another investor.
Things to be Considered Before Considering Forex Profit Strategies
While considering the best forex trading strategy for yourself, you should consider the following factors.
#1. Your Time Horizon
Are you investing for short-term, medium-term or long-term/
#2. Your Risk Bearing Capacity
What are the profit and loss targets that you have set in the forex market?
#3. Your Trading Style
Are you an Intraday trader or buy-and-hold trader?
After considering all of the above factors it is important to choose the best forex trading strategy that works for you.
Here is a list of trading strategies that work:
1. Price Action Trading
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