Beginners definitely want to find the right forex strategy so that they can benefit from their transactions. But it turns out that it is not easy, especially if you are not so familiar with forex.

Understanding the concept of forex trading is very fundamental. This concept that you need to understand starts from what forex trading is, how it works, to its application in order to make a profit.

Trading works following market trends, so beginners should pay attention to this. Beginners need to understand this scheme of changing market trends in order to find the right deals.

This of course will make it easier for traders to be able to generate profits from these transactions. Next, you must understand how to set the right forex strategy.

Beginners should learn what indicators are in trading to be able to open transactions according to market conditions and close them when they reach profits.

How to Choose the Right Forex Strategy

Choosing a forex strategy cannot be arbitrary, because this can result in losses if you make a wrong move. Therefore, consider the following steps before you decide which strategy you will use:

1. Define your trading goals.

The first thing you have to do is determine the purpose of trading, whether to just earn income (income) or increase wealth (wealth). If you just want to earn money, then you can trade on low timeframes.

Especially if you have a lot of time to "glare" at the computer screen, then Scalping and Day Trading techniques can be your choice.

Meanwhile, if you want to increase wealth or use forex as a future investment, then use trading techniques with medium-long-term prospects, such as Swing Trading or Position Trading.

2. Calculate how much time you can spend on trading.

Although it sounds trivial, it turns out that the duration of time you have to trade can affect the right forex strategy you chose. 

If you have another main job, or can't stand 12 hours on a computer, then don't try trading with scalping or intraday techniques.

It is better if you use Swing Trading or Position Trading techniques, because both do not require you to stare at market movements all day long. Meanwhile, if you have enough or a lot of free time, it's okay to use Scalping or Intraday.

3. Choose the strategy that best suits your goals and personality. 

In general, trading strategies can be divided into two, namely a high win rate with a low Risk/Reward Ratio, or a low win rate with a high Risk/Reward Ratio. The last thing that needs to be done is to adjust the strategy to your personal achievements.

If you want the results as the first point, then you can choose the Swing Trading strategy. On the other hand, Position Trading strategy can be used to get a low win rate and a high Risk/Reward ratio.

Join a Trusted Forex Broker

Finding a trusted broker is important because with the best forex broker, you can trade safely. How to start forex trading, you have to be careful, especially in finding a trading platform because it is related to the capital to be deposited.

Make sure that the forex trading broker you choose is a responsible and trustworthy party like Didimax forex broker. Trusted brokers will usually provide accurate information for traders, one of which is regarding market price movement signals for transactions.

If you are a beginner, then you can ask for recommendations from people around you about service provider brokers. A good broker will provide free educational facilities so you can learn the right forex strategy freely.