What is the best currency trading strategy for beginners?

[smartfx]

For beginners, the trend-following strategy works best. Use moving averages like the 50 EMA and 200 EMA to identify trends. When the 50 EMA crosses above the 200 EMA, it's a buy signal. Stick to major pairs like EUR/USD or USD/JPY, and trade on higher timeframes (H1 or H4) for more reliable signals. Always use a stop-loss and risk only 1-2% of your account per trade.

 

[mecbelly11]

I don't think you should expect to be profitable in the first 3-5 years.

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[papaya_financial]

For beginners, a simple price action strategy with support and resistance is often the most effective. Focus on one or two major pairs like EURUSD or GBPUSD, mark key levels on higher timeframes, and wait for price to react before entering. Use a stop loss to protect capital and aim for at least a 1:2 risk-to-reward ratio. On Valetax, you can practice this on a demo account and use tools like Analysis IQ to confirm market direction before taking trades. This keeps things simple while you build consistency.