Hello guys. What are the possible Currency pairs trading strategies that a newbie can follow up. It should be from personal observations, beliefs and practices. Thanks.
Everyone has a trading strategy according to their abilities and understanding of the indicators as a basis for consideration for trading, indeed no strategy guarantees success.
Talking about trading strategy advice will be difficult if you just watch on social media without special guidance or just listen to your friends, even if your friend is successful with the strategy he has created, you may not be able to use your friend's strategy.
This is influenced by factors of knowledge, mentality, targets, and risks taken.
Here I will give you the basic strategy that I usually use:
1. Decide on a strategy to enter
2. Determine the risk/reward ratio
3. Determine the size of the position according to the Stop Loss target
4. Determine the exit strategy or Take Profit
5. Keep journals and notes for evaluation