What strategy work most? Can you tell me?

The question is very simple and most of the new traders always ask this kind of questions that what strategy work most and they want to know about that, I want to tell all the traders that there are several strategies available on internet but only a few are useful according to mind and mood of the traders, there are so many complex strategies, so a trader need to find out the easiest strategy that he can understand and practice accordingly. 

I love two kind of strategies that I mostly use in my tradings, one is the most common strategy that is just draw the lines on support and resistance and then start playing game, buy on support before break out and sell on resistance before break out, and if the market do break out then don't do trades and wait for the market to come back or move forward. 

Another strategy is to trade with pin bars and trend lines, when a pin bar formed then I start seeing the shadows of candles, and when I switch to higher time frames then I see that these time frames have a lot of pin bars, so I see the market movement, whether it is up to down or down to up, if it is up to down then I use high swing to low swing, and if the market is down to up then I usually use low swing to high, by using this pin bars and trend line, I see that market mostly doesn't break the trend lines and moves according to trend lines. 

These are only two strategies that I have discussed, but there are so many other strategies that I use time by time where they are needed, actually if these strategies are in your mind then you will be able to analyze the market better than any other normal trader. You will find out several opportunities of earning from forex market, and not only forex market, you can use them in metal and share markets too.

What is Forex?

The question is interesting, I will try to define it as much as I know about it, forex stands for (Foreign Exchange), this is the simple definition of this word, now I will not go in the depth of forex, but we do forex to earn money, forex is not an easy business to do, so many people say that forex is a job, so you should completely remove this misconception that it is a job, it is a business and every new trader should know this thing. This market is high risk market, but when you take high risk then you will see high returns, if your trade is successful, but it doesn't means that a new trader should take high risk, a new trader should learn all the relevant things that are very much necessary. 

Most people think that money management is the key to success, some think that good indicators indicate you where to open an order and where to close, so indicators play the main role, while some people think that good strategy is the main key to success. But I would like to tell you all that success is not based on one key only, there are several keys that a trader should have to open with the combination with. There are a lot of things that a trader should know and learn. Continuous learning is necessary if a trader want success. 

If you see the forex trading then you will find it just buying and selling of the currencies, but when you go in the depth then you will find that there are so many things that are needed to do forex trading, so don't ever underestimate this market. There are so many things that are needed in this business. I would like to mention some of them here:

1. Good money management.

2. Good risk management.

3. Use of meta traders. (MT4 and MT5).

4. Knowledge of history of currency pair.

5. Practice in demo account.

6. Good trading strategy.

7. Knowledge of hedging.

8. Understanding market trend.

9. Use of pattern, (bar, candle or line).

10. Discussion with experienced traders.