What is the best strategy used as a new trader?

I think you need to listen to what suits you best, to which you have more opportunities to be confident that this strategy will be useful to you.

I think all strategy is good if you can master it.

Day trading is best for a new trader in my opinion.

The best trading strategy is the one you create for yourself. It is a bit difficult if you are a beginner, and if you are an experienced trader, then you already have some future strategic developments.

SofieAndreasen posted:
Day trading is best for a new trader in my opinion.

I also think so. Every new trader should start with day trading.

Basically, you have to create your own strategy. For new traders if you just recently have joined a broker, then you should go to demo account and just open positions, long or short, it doesn't matter. It's the best strategy and simultaneously you should learn theory about trading. When you will open positions, you will start noticing regularities on the graphics and gradually you will be able to start to understand some feature of trading activity. After you will gain enough theoretical knowledge, you will create your own strategy and you will have to test it on demo account. Guess that it's enough for a new trader.

Although you will get a good solution from Google. Yet I can give some ideas. There are some strategies you can use, such as having an idea about the news and thinking about the news effect, following the swing strategy, following the support/resistance level, understanding the market sentiment. Trading will not be so difficult for you if you can form an idea about these.

There are no best strategies or worst strategies, all of the are considered to be strictly individual, because nowaday traders can choose the strategy which they want or the best option is to create their own ones. No doubts, that strategy plays a major role in trading activity, because it literally determines how sucessful you will be on the market. However, it doesn't mean that you have to seek for some best strategies.
I got used to believe that all the strategies are the best, because once they helped traders earning money, thus they can be considered as effective ones. Anyway, you have to elaborate our own strategy and test it until you will start noticing the result.

forextrader777 posted:
Any strategy which you have formulated on your own according to your trading style, needs and risk appetite is the best one.

Well said!
Rather than copying strategies, traders should work on making their own strategies.

I am also a new trader and hoping to learn some strategies that could help me succeed in this field.

RobSchiz posted:

blareblare20 posted:
I am also a new trader and hoping to learn some strategies that could help me succeed in this field.

Every new trader should make a good plan to survive in this market.

Thank you @RobSchiz, for great advice. I am working on that.

fxprofitpips posted:

bgaymon1 posted:
My main strategy with being a new trader has been with using price action through top down analysis along with support, resistance and trend lines. Ive been thinking about adding some indicators as well as so far started using the EMAs. In the future im thinking maybe Fibonnaci can help with catching more accurate retracements. Anyone else have experience with any indicators they think are really good to start off with? Or implement them in their price action strategy? Just wanting to get some input and ideas!

thanks it really helped alot to learn more as a new trader

Whatever strategy you will make, keep in mind the current market trends and conditions.

To learn the basics, new traders should usually work with indicators. Basic notions must be developed by evaluating several types of indicators like as the moving average, the RSI, and the Bollinger bands, among others.

AliForexTalks posted:
To learn the basics, new traders should usually work with indicators. Basic notions must be developed by evaluating several types of indicators like as the moving average, the RSI, and the Bollinger bands, among others.

If you want to work with indicators, I would say Hunter P Pro 7 can work with custom indicators.

I got used to think that the best strategy is not to have any strategy when you're on your first steps in trading. The matter here is to understand the basic mechanics of price changes and price movements. You should open a demo account, and just start making deals, based on your personal feelings, you know. Here you shouldn't appeal to your logic or analysis, because you don't have enough knowledge and skills yet. When you will start noticing regularities, you will be able to think about your strategy. On this stage, you can start exploring various technical indicators/patterns/figures and so on.