An effective beginner forex strategy is one of the most important requirements for profitable trading. Following their rules will help you turn a profit, while a messy ticket is a recipe for disaster and, of course, losses.

There are 3 strategies, namely the technical trading level, Channel trading strategy, and moving average trading strategy. A trading strategy is basically a list of steps to be followed when trading.

It describes the market conditions in which trades can be opened, shows the direction of the position and where stop losses and take profits should be placed. 

Usually, these rules also determine the measurement of financial positions and instruments that can be used by this trading strategy. Apart from trading strategies, traders in Indonesia need to choose the best forex broker.

In order for your trading to be safe, make sure you choose a broker that has been registered with BAPPEBTI such as Didimax forex broker. Furthermore, you will learn forex trading strategies that even beginners can master and use to make a profit.

Technical Level of Trading in Beginner Forex Strategy 

This trading strategy is also known as support and resistance trading. It is based on technical analysis rules. There are basically several horizontal levels. If the price reaches them, it will pass or separate them and continue to the next line.

According to this strategy, the price moves from one strong level to another and you can open trades between them using the technique of reflection or breakout. When trading with this profitable beginner forex strategy, you need to indicate the price level in your monthly working period.

A horizontal line is drawn along the high or low of the chart, a shadow from which a strong movement has started, the value from which the price rises and falls (mirror level), and the price is in a sideways trend. The rules for opening a position are quite simple.

Next, we'll look at forex trading strategies that even beginners can master and use to benefit from the financial markets. Learning strategies will only work if you apply them in a disciplined manner.

For that, you need to learn it every day by using a demo account. You can use a trial account to test whether the strategy you use can be useful when done on a real account.

Channel Trading Strategy

The essence of this beginner forex strategy is technical analysis and Charles Dow theory that the price moves in the direction of the main trend (channel movement). Market channels can go up or down. Moreover, the price usually moves in a downward trend, which is basically a corridor between two horizontal levels. The trading channel rules are very simple:

1. When there is an uptrend, we trade only the third spike and so on the support line price. A stop-loss order should be placed behind the previous lower or lower channel border with a strengthening slightly below the resistance line.

2. Likewise, if there is a downtrend, we will only open short positions if the price jumps from the resistance line. The stop-loss order should be placed above the resistance line with the increment slightly above the lower trend border.

3. If the trend is sideways, we recover from two directions: we long trade with support with the target at the ceiling and we sell with the target at support when the price recovers from resistance.

Getting profit in trading is not an easy thing to do, but this doesn't mean it's impossible. You need to learn a beginner forex strategy to perfect your trading and make as much profit as possible.