One strategy does not fit all currency pairs. Neither does one strategy for a pair work the same in all situations. A trader must create his own strategy with assets and tools that he thinks fits the best for his goals. The strategy should be thoroughly tested in a demo account before applying in the live market. However, as the forex market is bound to change, meaning the strategies need to be updated and modified as time and situation demands. Hence, the trader should be consistent with his strategy for a long time, so that he can understand how to modify and make profits in every situation.