Are you new to trading? Forex trading in particular? Learning the best forex trading strategies is the first step. Attempting to trade with the trial and error method is not as favorable as researching and following strategies learned over years of experience. While discipline is important in any activity of life, restraint in forex trading is fundamental, as is the effort to let ego not distract you from your forex trading strategies. Forex markets operate 24 hours a day and there are millions of forex traders who over years of experience, have learned and used certain strategies to consistently be successful in forex trading. There is no one single outstanding strategy that works perfectly because strategies work differently for different traders based on numerous factors, some of which are your leverage options, the level of risk you are willing to take and the trading time zone. Forex strategies can be classified into free and paid ones and into further detailed ones like, Fundamental strategies: used for forex trading that is affected by fundamental events. Technical strategies: used for trading based on market statistics and analysis of rate charts. Popular strategies: a combination of the previous two, and an important category.