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

Prakon
Mar 26 2019 at 12:15
10 posts
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

Fx Scalper (fxsc1lper)
Mar 26 2019 at 14:33
348 posts
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
vontogr (togr)
Mar 27 2019 at 07:17
4862 posts
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.

Fx Scalper (fxsc1lper)
Mar 27 2019 at 11:50
348 posts
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
Mar 28 2019 at 07:30
8 posts
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).

Fx Scalper (fxsc1lper)
Mar 28 2019 at 15:34
348 posts
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
Mar 31 2019 at 08:05
5 posts
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.

Wreeves
Apr 03 2019 at 10:02
11 posts
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
Apr 03 2019 at 14:08
5 posts
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.

nick3232
Apr 04 2019 at 05:56
162 posts
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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