As a trader, you should know the most profitable Forex strategies. The forex market has numerous types of trading strategies. This is a common question among beginning traders. 

It is often said that novice traders are more consistently trying to make profits than those who have failed to trade for years. This is because novice traders did not have time to develop bad habits. Traders who have struggled for years not only need to understand what works best for them.

However, they must also break bad habits and set aside any negative emotions they may have accumulated over the years. There are some price action trading strategies you should always have on hand. 

3 Most Profitable Forex Strategies for Current Circumstances

Besides having the best forex broker, you should also learn the pattern in this trading. There will be millions of resources to explain what is happening to the current trends. So, here is a quick pattern of Forex (FX) that will maintain your money well.

1. Pinbar Trading Strategy

When it comes to FX trading for beginners, Pinheader is king. This is an obvious pattern, so it is easy to identify on the chart. This is also one of the applicable and most profitable Forex strategies. Notice that the market encountered resistance but quickly broke.

One of the basic principles of technical analysis is that previous resistance becomes new support. Sure enough, the market found support at the previous resistance, forming a bullish pin bar in the process.

You can apply the most profitable Forex strategies. As the market broke through resistance, it found new support and formed two bullish pin bars. Shortly after these pin bars formed, the market continued to climb another 370 pins.

2. Inside Bar Trading Strategy

Another very effective FX trading strategy for beginners is the inside bar strategy. Unlike pin bars, inside bars are best traded as continuation patterns which will be the most profitable Forex strategies. 

This means using pending orders to trade breakouts in the direction of the main trend. The real magic of this strategy is the range breakout of the mother bar, which occurs after the consolidation phase represented by the inside bar. 

Notice how the currency breaks out of a very strong rally as it forms the inner bar in the chart above. These are the best inside bars to trade as they often represent true consolidation phases leading to the continuation of the main trend.

3. Forex Breakout Strategy

FX trading for beginners is not easy. However, you can start profiting in no time with the help of the breakout strategy below. This strategy differs from most traditional breakout strategies out there, waiting for pullbacks and retesting before entering.

Another difference is that most people are only interested in breakouts originating from the wedge pattern, not from the horizontal plane. An opportunity to trade this pattern occurs when the market breaks out to one side and retests the levels as new support or resistance. 

You can also use this strategy as one of the most profitable Forex strategies. Most beginners are using this pattern. It is the reason it is the most used one.

Most traders have used this pattern as their biggest trade using the FX breakout strategy above. You can make big profits in a relatively short period of time by using this pattern.

If you are a beginner and still worry about the market, you can directly ask for help from a professional broker. Salmamarket forex broker is one of the most recommended brokers. You can seek any information for the sake of your money investment.