In the Forex market, the word “strategy” refers to a well-structured plan or set of rules traders use to guide their decision-making process when buying or selling currencies. A Forex trading strategy outlines specific conditions under which a trader will enter or exit a trade, manage risk, and adjust positions based on market conditions. These strategies are built around technical analysis, fundamental analysis, or a combination of both, and often include tools like indicators, chart patterns, and market trends. The goal of a strategy is to maximize profits while minimizing risks, providing a disciplined approach to navigating the often volatile and fast-moving Forex market. Each trader’s strategy may vary depending on their goals, risk tolerance, and market outlook.