A foreign currency trader should try to adopt trading strategy according to his own trading requirements. Many times, traders are trying to engage in trading haphazardly. But it can make him less convinced. Rather developing appropriate trading strategies can help a foreign currency trader to take actions according to plan. And a trader with proper trading strategy can be able to take decisions promptly. For example: as a risk adverse investor I prefer scalping as I know that I cant afford higher risk and less liquidity.