Top forex trading strategies for beginners
🧠Top Forex Trading Strategies for Beginners Learn the fundamentals that can help you become a confident trader in the forex market. 📌 Introduction The foreign exchange (forex) market is the largest and most liquid financial market in the world. For beginners, navigating it can feel overwhelming. The good news is that with the right strategies, even beginners can trade forex with discipline and confidence. In this blog, we'll explore 5 beginner-friendly forex trading strategies that can help you start trading smart. 1. 🕓 Trend Following Strategy What it is: Trading in the direction of the prevailing market trend. How to use: Identify trends using moving averages (e.g., 50-day or 200-day MA). Enter trades when the price breaks out in the direction of the trend. Use trailing stop-loss to protect profits. Why it works for beginners: Easy to understand. Fewer false signals compared to counter-trend trading. 2. 📊 Breakout Trading What it is: Ente...