For beginners, the best trading strategy is one that's simple to understand yet builds a foundation for more advanced techniques. In our free trading guide, we teach a beginner-friendly approach, and in the full MowryTrades course, we delve much deeper. Our strategy combines multiple confluences, including order blocks, liquidity, fair value gaps (FVGs), order flow, break of structure (BoS), basic market structure, and daily profiles. By combining these elements, the strategy is flexible and adaptable to various market conditions, helping you make informed decisions and manage risk effectively. This approach allows you to start with clear, actionable steps and gradually develop the skills needed to trade more confidently and professionally.

Effective day trading strategies include scalping, swing trading, and intraday trading. Each strategy requires a different approach and specific risk management techniques. In our free trading guide, we teach beginners the fundamentals of scalping and intraday trading, and in the full MowryTrades course, we go much deeper, showing you how to identify high-probability setups, manage trades, and adapt to various market conditions. Choosing a strategy that fits your trading style and risk tolerance is crucial, and learning multiple approaches helps you become a more versatile and confident trader.

One of the simplest strategies for beginners is trend-following. This involves identifying the overall direction of the market (uptrend or downtrend) and trading in that direction. For example, if a stock is making higher highs and higher lows, that shows an uptrend. You would look to enter long trades when the price pulls back to a support level. The strategy keeps things simple because you’re not fighting the market — you’re going with the flow. Beginners like it because it reduces confusion and doesn’t require complex indicators, just a clear understanding of price action.

The amount of money needed to start day trading depends on the market and your goals. Some brokers allow accounts with as little as $100, especially for crypto or forex. However, starting with $500–$1,000 is more realistic as it allows for proper risk management and smaller position sizing. Ultimately, the key isn't the starting balance but managing your risk per trade so that a single loss doesn't wipe out your account. Start smart and manage your risk!

Yes, most strategies can be applied across markets like stocks, forex, futures, and crypto. However, each market behaves a little differently. Stocks often have strong moves at the opening bell, forex trades 24 hours a day with more predictable sessions, and crypto is open 24/7 with high volatility. A trend-following strategy, for example, can work in all markets, but the timeframes, risk per trade, and profit targets may need to be adjusted. The core principle is the same — find an edge, test it, and adapt it to the market you’re trading.

The best way to know if a strategy fits you is to test it in a risk-free environment, like a demo account. Every trader is different: some prefer quick trades that last only a few minutes (scalping), while others like holding trades for hours (swing-to-day). The right strategy should match your personality, your available time, and your tolerance for risk. For example, if you’re impatient, a scalping strategy may feel natural, but if you like slower decision-making, trend trading might be better. The more you test different styles, the clearer it becomes which one you can stick to consistently.