Top 8 Forex Trading Strategies and their Pros and Cons 2021-04-16 16:00:00 Warren Venketas, Markets Writer Main talking points: Forex Strategies: A Top-level Overview Price Action Trading Carry Trade Strategy Discover what type of forex trader is buried within your DNA with our interactive DNA FX Quiz What is a Forex Trading Strategy? A forex trading strategy defines a system that a forex trader uses to determine when to buy or sell a currency pair. There are various forex strategies that traders can use including technical analysis or fundamental analysis. A good forex trading strategy allows for a trader to analyse the market and confidently execute trades with sound risk management techniques.