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The Forex market is hugely liquid, with a vast number of participants. It is also a well-established market. As you might expect, this combination of popularity and time has resulted in traders devising countless strategies. As a newcomer, the sheer volume of trading techniques available can be daunting and confusing. Some strategies are very complicated, with a steep learning curve. So beginners may find it better to start with a simple Forex strategy. After all, the simpler the strategy, the easier it is to understand the underlying concepts. There will be plenty of time to add complex actions after you have mastered the basics. Regardless of whether you adopt a simple or complex strategy, remember that your overarching mantra should always be to use what works. New traders are generally unable to devote large amounts of time to monitoring developments. For these newcomers to Forex, simple strategies offer an effective but low-maintenance approach.
This video will introduces some simple Forex trading strategies.
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