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I have been reading about trading forex but I am unsure about the strategy I should be using. I have read about so many different strategies and they all claim to be the best and easiest. I was just wondering if anybody had any real experience trading forex that could recommend a good strategy to start out with.
Simple trading systems are good for skilled beginners and intermediate traders, but may not suit more experienced traders. Advanced strategies were all at some point simple, but later were improved by traders. So, learning the basic ideas behind simple strategies will help you in the long run to advance in your own strategy making.
I think so scalping is the best trading strategy.Scalping is a fast trading strategy and for using this strategy we have to use forex robots. This trading strategy is generally used for very quick transactions. This is very profitable in volatile market.
The best trading strategy in my eye is one where we have maximum chance of profit making and minimum of losing, but such strategies are hard to find and needs high amount of education and experience making it work, if we don’t have enough of these factors then we will never able to get anything good. Right now I am using OctaFX broker to my advantage with their low spread of 0.2 pips for all major pairs while also has very smooth trading platform.