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Complicated strategy is not good

Michihito
Feb 12 2021 at 11:28
298 posts
You have to develop a trading system. The system includes everything. Now you may ask how to develop a system? That's the most difficult task in forex trading. It is also the reason most people fail in trading. That's why you need to study and experiment a lot. It will take time. But there is no other ways.
MichaelEX
Feb 17 2021 at 11:29
48 posts

Strategy is totally up to you. You can make it simple or complicated what fits to your goal and risk. I think sticking to that plan or strategy is more important.
baytonhinity
Mar 05 2021 at 11:52
20 posts
It all depends on the trader and how they decide to go about their strategy. If they understand it properly even if it is a bit complex, it is completely okay.
Tremblay
Mar 06 2021 at 09:54
330 posts
Money management needs to be properly maintained to reject losses. And money management is needed to control the risk.
DanielGlaus
Mar 06 2021 at 10:35
26 posts
If you want to trade professionally, you have to control your emotions. And you have to learn from trading mistakes. Regular meditation should be done to remove the negative mindset.
kajusmcdowell
Mar 30 2021 at 04:54
11 posts
Keeping it simple is a smart way to go about your strategy. And the simpler it is, the better it gets.
UweMoench
Apr 01 2021 at 15:03
751 posts
baytonhinity posted:
It all depends on the trader and how they decide to go about their strategy. If they understand it properly even if it is a bit complex, it is completely okay.
Yes you are absolutely right. I was talking newbie. Sometimes they get fascinated by seeing complex charts and make mistakes to try that.
AliaDare
Apr 01 2021 at 17:04
788 posts
Yes, that's right. The more strategies I learn or apply to the market, the more complicated trading will become. So I need to make the trading process easier.
LyudmilLukanov
Apr 01 2021 at 17:59
796 posts
AliaDare posted:
Yes, that's right. The more strategies I learn or apply to the market, the more complicated trading will become. So I need to make the trading process easier.
Only one strategy is enough to make profit. Don’t change strategy due to failure. Try to improve it.
Akasuki
Apr 04 2021 at 11:09
512 posts
Most traders think that trading is all about strategy. They look for it everywhere. They think there is one strategy that will make them rich. They never try to understand that the success of a strategy mostly depends on the individual it's using. Strategy is just a single component of successful trading.
Mohammadi
Apr 05 2021 at 07:53
886 posts
all trading strategy be more complicated when you have very poor money management , so should emphasis on money management first.
RobertFerrari
Oct 01 2021 at 20:46
375 posts
Mohammadi posted:
all trading strategy be more complicated when you have very poor money management , so should emphasis on money management first.
Yes. Money management is very important to survive in this market.
Andronn
Oct 04 2021 at 11:56
90 posts
Do not forget that you need to be able to manage risks in order to bring a good result together.
casablancaForex
Oct 04 2021 at 12:21
6 posts
What is a simple money management plan?
Frionson
Oct 23 2021 at 15:16
20 posts
Your strategy can be complicated for other traders, but if it's simple for you it's quite good. Then, other traders can't use your strategy just because they have no idea how do you apply it to trading. It's the best option for a strategy, however it's almost impossible to meet a trader whose strategy will be complicated. All of them are quite clear for traders, because they consist of the same things with minot details. Money management plan is the simplest thing I guess. You should wisely divide your funds on several parts and decide what part for what will serve you. Actually, that's all I guess.
LukeRachel
Oct 23 2021 at 16:02
477 posts
Every trader needs to simplify strategy and trade. The more difficult the strategy, the harder it will be to make a profit. We have to trade with trends.
sharabela
Oct 23 2021 at 16:16
94 posts
The simpler the better it is. I do agree with your statement that you have made here. Forex trading or strategies do not need to be complicated. It is all about applying our learning at the right in the right way. I have seen some strategies that really work are very simple. Yes, a trader must be patient to find out those setups to take an entry and be sanguine that all the factors match to pull his trigger.
Akasuki
Oct 27 2021 at 12:44
512 posts
@sharabela yes the simpler is the better when it comes to forex trading strategy. Some people like complicated strategy. That's okay if they are doing good with it.
croisssan
Oct 27 2021 at 13:17
939 posts
As for me, even such a strategy can be interesting, but in a certain market position. This is also worth taking into account.
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