Forex Trading Strategies for Beginners

Beginners in forex trading need simple and reliable strategies. Starting with clear rules helps reduce emotional decisions and improve consistency.

Trend Following Strategy

Trend following involves trading in the direction of the overall market trend using moving averages and trendlines.

Breakout Strategy

Breakout trading focuses on entering trades when price breaks key support or resistance levels.

Range Trading

Range trading works best in sideways markets, where traders buy at support and sell at resistance.

Strategy Selection

Choosing the right strategy depends on trading style, time availability, and risk tolerance.

Conclusion

Simple strategies, when combined with discipline and practice, can help beginners build confidence and grow as traders.