What is the simplest forex strategy?

Best trading strategies

Breakout trading Breakout trading is one of the simplest forex trading styles, making it a good choice for beginners. Before we look at how it works, let’s define the term “breakout”. Put simply, a “breakout” is any price movement outside a defined support or resistance area.10 Eyl 2020

The simplest and most common type of stock trade is carried out with a market order . Market orders indicate that you are willing to take whatever price is presented to you when your order is executed.

Following the trend is probably the easiest trading strategy for a beginner, based on the premise that “the trend is your friend.” Contrarian investing means going against the market herd; going short when the market is rising or buying when it is falling may be difficult trading tactics for a beginner to implement.