Best strategy is the strategy that works for you. The strategy that works for you may not work for me. Every body sees the market differently. For some people it's 5+5= 10 and for some people it is 8+2= 10. Try to understand the market. Read charts everyday. You will find the market sentiment. Start with a single pair. Do not run for ready-made strategies. There is no holigrail. Like trading system, broker is also very important. I am also trading forex from home with XeroMarkets broker, a regulated broker. It gives a wide anger of administrations like low spreads as low as 0 pip, up to 1:500 leverage and a wide variety of technical tools.
To become a good trader a newbie has to learn all the basics about forex first. Without any knowledge and information forex is just like an impossible puzzle to solve. So, as a new trader before taking any decision, he needs to gather all the information about the forex. A newbie can gather all the information about forex from many sources. I always rely on AtoZ Markets. They provide all kinds of forex-related information and news. They also provide broker reviews. They are very useful for any new trader in the forex market.
One of the basic rules of successful trading is to make right decision at right time on right place. Many trader lost their investment because of wrong decision. Another rules of successful trading is to make a good trading strategy. Without strategy it is quite impossible to make profit from the forex market. A good broker can help to make a good strategy. I use Tpglobalfx as my broker. They always help me when I face some problem in my trading. They are perfect for my strategy. They are very supportive and the trading techniques are very easy.
It is important to know the price action. Price action refers to candle design, supply and demand, etc. It is the discipline of making all your trading decisions from naked price charts. There is no indicator in the chart to help identify dynamic support and resistance areas and trends. No matter what strategy you use to trade, a good understanding of price action can make you a better trader.
