The bottom line is any trading strategy would work fine you are able to identify the signals and moves made by the market movers at the right time. Timing is essential because otherwise you might just lag the market. To follow the market movers, you need to have clear understanding of factors that support the forex strategy.

• Trader Names: People who keep their position open for a longer time horizon are different from scalpers, who close their positions within few minutes and hours.
• Long term strategy vs. scalping strategy: Dealing with a long term strategy requires patience. However, it can earn you 150 to 200 pips in a single transaction. You need to remember that this profit would be an outcome of your forex strategy revolving around weekly and monthly positions. On the contrary, you can also choose to have a scalping forex strategy which can help you earn about 10 to 20 pip on day to day basis. If you handle the strategy well, you can even go up to 80 to 160 pips in a single day.
• Small fluctuations are witnesses in an intraday forex strategy since a currency pair will not move drastically up or down in a day.
• Risk Taking Capability: The forex strategy that would suit you depends largely on your portfolio size and your risk taking ability. If you can dedicate more time in a day, you can foresee market trends better and thus make more gains.

You can be an intraday forex trader with the help of various software programs available on the internet. They can help you in discovering market trends and can capture market details as well. Thus, even though you might be away from your computer, you can still grab market information for you intra day trading.

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