Simple 3-Step Forex Strategy for Indian Beginners

When you're just starting forex in India, complexity is your enemy. Here's a simple 3-step strategy that works: **Step 1: Choose one pair, one timeframe.** Trade only USD/INR. Watch only the 15-minute chart. This singular focus builds pattern recognition faster than sampling 10 pairs on 5 timeframes. **Step 2: Trade only during Indian market hours (9:15 AM–5:00 PM IST).** Don't stay up for London or New York sessions. **The setup — Support/Resistance Bounce:** - Mark the previous day's high and low - Wait for price to touch one of those levels - Look for a reversal candlestick (pin bar or engulfing) - Entry on the close of the reversal candle - Stop: 15–20 pips beyond the level - Target: The other extreme (previous day's high or low) **Step 3: Start with the minimum lot size.** NSE USD/INR lot = $1,000. At minimum lot, a 1 pip move = ₹1. This keeps real-money learning affordable while building proper habits. Risk per trade: Never risk more than 1–2% of your total capital. Are you currently using a systematic approach or trading more intuitively?