#firstdealoftheneeyearastylz Here are some Forex trading strategies suitable for newbies 1. Trend Following Strategy Identify the trend using indicators like Moving Averages RSI and Bollinger Bands Buy when the trend is up and sell when the trend is down 2. Range Trading Strategy Identify a range-bound market using indicators like Bollinger Bands and support/resistance levels Buy at the lower end of the range and sell at the upper end 3. Scalping Strategy Make multiple small trades in a short period taking advantage of small price movements Use indicators like RSI and Bollinger Bands to identify entry and exit points 4. Breakout Strategy Identify levels of support and resistance using indicators like Bollinger Bands and chart patterns Buy when the price breaks above resistance and sell when it breaks below support 5. News-Based Trading Strategy React to news events that impact currency prices Use economic calendars to stay informed about upcoming news events 6. Swing Trading Strategy Hold trades for a shorter period than trend following but longer than scalping Use indicators like RSI and Bollinger Bands to identify entry and exit points 7. Carry Trade Strategy Buy a high-yielding currency and sell a low-yielding currency Use interest rate differentials to profit from carry trades 8. Price Action Strategy Analyze charts to identify patterns and trends Use price action to make trading decisions without relying on indicators Important Tips for Newbies 1 Start with a demo account to practice trading 2 Use proper risk management techniques such as stop-loss orders 3 Educate yourself on Forex trading basics and strategies 4 Avoid over-trading and stay disciplined 5 Monitor and adjust your strategy as market conditions change