[Joel74]

What are the best trading strategies and systems to use to trade forex?

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[Steve]

That depends:

• Over what timeframe do you want to trade? Do you want to day, swing or position trade?
• How big is your risk appetite? Using leverage can amplify returns but also losses.
• How involved do you want to be? These days you can copy the systems of experienced forex traders.
• How comfortable are you with technical indicators? Some forex strategies focus on charts and TIs, others are more about news and economic indicators.
• How much time do you want to dedicate each day or week to forex trading? Systems like scalping require more time than trend-following systems.
• How much experience do you have trading FX? Some strategies require an excellent understanding of market dynamics and risk management.

Answer these questions and I’ll try and help you.2

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[Joel74]

Here are the answers your questions:

• Intraday to a few days
• Modest risk appetite. I am comfortable using low amounts of leverage.
• I want to be directly involved. I don’t want to copy trade.
• I know the basics and common indicators like BBs, MACD and RSI, but I’m by no means an expert.
• I currently have a couple of hours a day.
• I have some experience, mainly in demo accounts. I haven’t seen much success in a live trading environment (that’s why I’m here lol)

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