That depends:
- Over what timeframe do you want to trade? Do you want to day, swing or position trade?
- How big is your risk appetite? Using leverage can amplify returns but also losses.
- How involved do you want to be? These days you can copy the systems of experienced forex traders.
- How comfortable are you with technical indicators? Some forex strategies focus on charts and TIs, others are more about news and economic indicators.
- How much time do you want to dedicate each day or week to forex trading? Systems like scalping require more time than trend-following systems.
- How much experience do you have trading FX? Some strategies require an excellent understanding of market dynamics and risk management.
Answer these questions and I’ll try and help you.2
