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WHO trades forex for more than 10 years and keeps making regular profits
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Prakon

Member Since Feb 28, 2019  10 posts Prakon Mar 26 at 12:15
Does successful use of a grid strategy focus more on risk management than any chart patterns etc? I always though grid was a dangerous strategy to use but I have head of a few people using it successfully now

fxsc1lper

Member Since Nov 17, 2012  308 posts Fx Scalper (fxsc1lper) Mar 26 at 14:33
Prakon posted:
Does successful use of a grid strategy focus more on risk management than any chart patterns etc? I always though grid was a dangerous strategy to use but I have head of a few people using it successfully now



yes , try to find a perfect strategy instead focus on money management only , i give a example, in my last almost more than 200 trades didnt hit a single Stoploss, ( of course there is no stoploss in my grid strategy ) but it didnt hit yet since more than 200 trades and in those trades my account is +2100 %

so focus on strategy not only money management

i can start 100 $ again and can reach again at 2100 , becoz now i have found how to trade perfectly with my strategy , and i am improving more and more day by day :)

skype id millennium.analyst
togr

Member Since Feb 22, 2011  4444 posts vontogr (togr) Mar 27 at 07:17
Prakon posted:
Does successful use of a grid strategy focus more on risk management than any chart patterns etc? I always though grid was a dangerous strategy to use but I have head of a few people using it successfully now


You need to study more.
You mix different things up.
Patterns determine the signal to open trade.
Grdit trading is more about money management, it is about adding additional position to average price.

I like what I trade, I trade what I like
fxsc1lper

Member Since Nov 17, 2012  308 posts Fx Scalper (fxsc1lper) Mar 27 at 11:50
togr posted:
Prakon posted:
Does successful use of a grid strategy focus more on risk management than any chart patterns etc? I always though grid was a dangerous strategy to use but I have head of a few people using it successfully now


You need to study more.
You mix different things up.
Patterns determine the signal to open trade.
Grdit trading is more about money management, it is about adding additional position to average price.


money management is also important , but with my point of view profitable strategy is important
if u have profitable strategy then money management will be so easy , but if ur strategy is not profitable then very very strong money management can also be fail ..

like in martingale , if ur martingale multipiler is more than 20 then any type of money management should not work , even if u have more than 100k account

but if ur martingale multiplier is less than 5 then even with 1k u can manage

so Strategy also play very important rule in profit

in my opinion strategy 80 % and money management 20 %

skype id millennium.analyst
Paquito

Member Since Nov 29, 2018  8 posts Paquito Mar 28 at 07:30
fxsc1lper posted:
togr posted:
Prakon posted:
Does successful use of a grid strategy focus more on risk management than any chart patterns etc? I always though grid was a dangerous strategy to use but I have head of a few people using it successfully now


You need to study more.
You mix different things up.
Patterns determine the signal to open trade.
Grdit trading is more about money management, it is about adding additional position to average price.


money management is also important , but with my point of view profitable strategy is important
if u have profitable strategy then money management will be so easy , but if ur strategy is not profitable then very very strong money management can also be fail ..



like in martingale , if ur martingale multipiler is more than 20 then any type of money management should not work , even if u have more than 100k account

but if ur martingale multiplier is less than 5 then even with 1k u can manage

so Strategy also play very important rule in profit

in my opinion strategy 80 % and money management 20 %



I like your analysis of this. Most people say one or the other but I agree that you need strategy and money management for everything to work (but strategy is more important).

fxsc1lper

Member Since Nov 17, 2012  308 posts Fx Scalper (fxsc1lper) Mar 28 at 15:34
Paquito posted:
fxsc1lper posted:
togr posted:
Prakon posted:
Does successful use of a grid strategy focus more on risk management than any chart patterns etc? I always though grid was a dangerous strategy to use but I have head of a few people using it successfully now


You need to study more.
You mix different things up.
Patterns determine the signal to open trade.
Grdit trading is more about money management, it is about adding additional position to average price.


money management is also important , but with my point of view profitable strategy is important
if u have profitable strategy then money management will be so easy , but if ur strategy is not profitable then very very strong money management can also be fail ..



like in martingale , if ur martingale multipiler is more than 20 then any type of money management should not work , even if u have more than 100k account

but if ur martingale multiplier is less than 5 then even with 1k u can manage

so Strategy also play very important rule in profit

in my opinion strategy 80 % and money management 20 %



I like your analysis of this. Most people say one or the other but I agree that you need strategy and money management for everything to work (but strategy is more important).


thankx for agree with me

skype id millennium.analyst
sdr23

Member Since Feb 25, 2018  4 posts sdr23 Mar 31 at 08:05
I have been trading for 10 years, but for the first 7 years, I was learning how to trade and make the constant profit (At that period of time I traded with very small balance from $50 to $100). Only for the last three years I've reached my goals.

Don't count your chickens before they hatch
Wreeves

Member Since Apr 03, 2019  8 posts Wreeves Apr 03 at 10:02
I am in a similar situation. I have been learning and demo trading for 8 years but still do not make profit. What helped you make the transition to a profitable trader?

sdr23

Member Since Feb 25, 2018  4 posts sdr23 Apr 03 at 14:08
Wreeves posted:
I am in a similar situation. I have been learning and demo trading for 8 years but still do not make profit. What helped you make the transition to a profitable trader?



There many books and mentors and courses around in the internet. Read, watch and listen. Feed your mind.
But be aware about scammers. There are tons of them in this industry.

And don't forget about discipline... I believe that most traders fail because of no discipline. That was very difficult for me to become disciplined trader, especially when you already have knowledge and experience.

Don't count your chickens before they hatch
nick3232

Member Since Jan 03, 2018  124 posts nick3232 Apr 04 at 05:56
for those who asked where did you learn trading...

for my part babypips.com ,acc to me is the best school and make no mistakes there is no such thing as taking short cuts ,you must learn the right way first therafter you can developpe your own style but you must learn the basics first

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.