An integral part of forex trading is employing the right kind of forex trading strategy. Depending on the personality of the forex investor, there are different types of trading strategies available. There are trading strategies which are geared more towards the long-term positioning of the trades. While there are some trading strategies which are aimed at breakouts in price charts using a number of technical indicators. While there are other trading strategies which take advantage of small price retracements and scalping the forex markets for small profits.