How to choose a Forex Trading Strategy for Beginners & Pros

If you are a beginner in forex and want to make it as a forex trader, you should be able to select your strategy correctly. The easiest way to do that is to look at the profits and losses of a particular strategy.

But there are other things too, which you should look after while choosing your strategy. Choosing a good strategy is a very vital part as it will decide your future whether you are going to make money in forex or not. So here we have listed some of the parameters on how you should choose a forex trading strategy or forex trading course for beginners.

1. Timeframe

As you know, there are different timeframes available in forex. Based on those timeframes, there are different types of trading styles. So, depending upon the time, you can spend on forex you should choose your trading strategy. There are three types of trading styles based on timeframe.

1) Swing trading

In this type of trading style, the traders use daily, and weekly charts to place the trade and keep it running for weeks or till the targeted price is reached. This type of trading style is very efficient, and one needs to spend less time on the chart. So, this type of trading is less time-consuming than others. So, if you don’t have much time to invest in forex, then you can look for a strategy that applies best on the weekly and daily timeframe and allows you to swing trade.

This blog post was originally published here