What are strategies?

Well, there are a lot of strategies available on internet, mostly traders make their own trading strategies, according to their trading style, but in my view, the most popular strategies are only a few, in which most popular strategy is "SCALPING". 

Scalping is the most attractive and useful strategy I have found in forex trading, but I will not recommend anybody who is new in forex market. This is because it is very risky strategy. In this strategy you take only a few pips in profits, you don't wait for more, usually traders do it in neutral market trend, or sometimes traders do it when they see the market is moving between 20 to 30 pips, I personally do it while the market is moving between 20 pips. I don't wait for market rise up or fall down, when I see 2 to 3 pips in profits then I close the order, I usually try to swim according to stream, and it is better.

Other types of strategies are long term, short term, inverse trading, reverse trading, medium terms etc. These terms of strategies are popular, but I would like to inform my readers that read and learn all the strategies, but use them in demo account first, and after using them, try to memorize them, and you should be a sharp mind if you are trading in real market, because the real market involves your own money, and if you are trading in real market then you should prepare your mind for any kind of market bounce or reverse. 

Learning several strategies and changing them according to market trend is recommended. It will get you near to success and you will be able to understand the market trend. Although understanding market trend is not an easy task to do, but it will become easier day by day. 

In the short term you can be dependent upon news, usually I have seen that news impact on market partially and the impact usually reverse if the buyers / sellers are strong. So at that time short trades are recommended according to market trend.

In the long term, you open order according to signal and use big targets, in which you use trailing stop as target one to secure your orders and capital.

Why should we practice in demo account?

The title is simple, a question and suggestion is behind that question, usually people don't want to waste their time in learning process and they just want to make money from forex market, they don't want to learn more, they just want to have the basic knowledge of meta trader, they don't even know all the options in the meta trader, they don't even know the difference between meta trader 4 and meta trader 5, but they enter in forex market and try their luck.

Actually, if you have a mentor or a good teacher, then you will understand the importance of demo accounts, because in demo accounts, newbies can trade without investment, and new traders can try new strategies and expert advisers (robots) without any risk, because demo accounts are based on virtual money. So, nobody can deny the importance of demo account. 

Now, the question is, how much time a newbie should do demo trade? The answer is simple, a newbie should learn all the basics and then try to understand how to trade, all that can happen in demo account without any cost. After knowing how to trade in live market, a trader should learn some strategies, that are very much necessary to get success in forex market. After learning, practice is necessary, so demo account is suitable for practice. There are several strategies available in different forums, learn them and try on demo account.