Forex strategy simplify an overview

In the forex trading all traders trade forex with proper trade strategies. So the question in come how do you build on trading strategies? Well thousand and thousand forex strategies floating on the internet. You probably watch these. Now it need to justify how these strategies works along with mind set. Mind set because all trader physcology is not same and not same their trading goal. Let us discuss the strategy point a to z.

Do you familiar market nature or structure? You may guess it is chart patterns. No market natures are 3.Bullish-bearish-consolidation/sideway.

You may be watch how a bullish trade run or how it behave from start to stop trending. Do you guess some clue there? If so you are intelligent enough.

If a bullish trending obviously it pull back or retrace this is market nature.

If market price is consolidation then it will break the consolidation level this is market nature.

Now you familiar with break or breakout price level.

So breakout can be your trading strategy. And breakout strategy is vary. They may be a candle to candle price breakout, or consolidation price level breakout, or chart patterns breakout, or support and resistance price level breakout, etc.

Now you again learn support and resistance level. This may  be your trading strategy. Within the support and resistance are you can be trade quite safe depending your take profit and stop loss and risk-reward ratio.

What is support and resistance and identify it?

What is a breakout ?

By answering this question you can able to suit a trading strategy.