A good strategy can

Nov 08, 2020 at 12:25
1,172 Views
20 Replies
Member Since Jul 19, 2020   751 posts
Nov 08, 2020 at 12:25
A good strategy can give us good profit. But it is not just strategies. Risk management and emotion control are equally important. By combining all these you need make a good trading plan. It will give you a strong hold on profit.
Member Since Jul 20, 2020   298 posts
Nov 08, 2020 at 23:26
UweMoench posted:
A good strategy can give us good profit. But it is not just strategies. Risk management and emotion control are equally important. By combining all these you need make a good trading plan. It will give you a strong hold on profit.
It is not possible to make a profit without a good strategy. However, trading discipline must be maintained. It is possible to earn profit by trading according to plan and discipline.
Member Since Jul 19, 2020   298 posts
Nov 09, 2020 at 13:46
A good strategy is one of weapons of trading. It's a must but not everything. Along with a good strategy we also need to know how to use the strategy effectively without being affected by our emotions.
Member Since Jul 23, 2020   869 posts
May 07, 2021 at 22:40
A good trading strategy is essential for making consistent profit from the trading market.
Member Since Mar 28, 2021   617 posts
May 09, 2021 at 12:55
Most traders feel that trading is all about strategy. They search for it everywhere. They believe there's one strategy that will make them wealthy. They never try to recognize that the success of a plan mainly depends on the individual it's using. Strategy is only a single element of successful trading.
Member Since Feb 23, 2021   4 posts
May 28, 2021 at 05:31
The right balance between risk management, money management and using profitable strategies is the key to developing a profitable system that generates very good returns. If people can understand and work accordingly, nothing can stop them from being successful.
Member Since May 27, 2021   64 posts
May 28, 2021 at 07:38
bernardmack posted:
The right balance between risk management, money management and using profitable strategies is the key to developing a profitable system that generates very good returns. If people can understand and work accordingly, nothing can stop them from being successful.
I agree with you buddy!
Along with these, controlling emotions while trading is also very important to take informed decisions.
Member Since Jul 23, 2020   759 posts
May 28, 2021 at 16:15
Every trader needs a good strategy in order to make good results and profit.
Member Since Jul 19, 2020   788 posts
May 28, 2021 at 16:51
Yes, that's right. A good strategy helps to bring profit but in this case, money management and risk management need to be controlled. Emotional trading should not be done.
Member Since May 27, 2021   57 posts
May 29, 2021 at 10:54
AliaDare posted:
Yes, that's right. A good strategy helps to bring profit but in this case, money management and risk management need to be controlled. Emotional trading should not be done.
Exactly, emotional decisions always ruin the trading, it is very important for every trader to avoid it to get the best results.
Member Since Jul 19, 2020   788 posts
Jun 19, 2021 at 16:52
CocoChannel posted:
AliaDare posted:
Yes, that's right. A good strategy helps to bring profit but in this case, money management and risk management need to be controlled. Emotional trading should not be done.
Exactly, emotional decisions always ruin the trading, it is very important for every trader to avoid it to get the best results.
Yes, emotional trading can ruin an investment. If a trader trades by managing the right strategy and emotions, he will be able to make a profit.
forex_trader_2237169
Member Since Mar 14, 2021   36 posts
Jun 20, 2021 at 03:37
Kill emotional trading then you have a good strategy built, i don't trade with emotions and the daily results is always profits as I'm day trading and always make sure to secure and close my profits daily, except i want to trade through asian open then i let trades run over to the next trading day.
But i most close trades each weekends so i always plan my trades and trade my plans.
Member Since Mar 28, 2021   617 posts
Jun 20, 2021 at 11:24
I think we should not follow a strategy blindly. A strategy working for one may not working for others due to different trading personality. Everyone has different psychology. In my opinion best option is customize a strategy according to your trading personality.
forex_trader_2237169
Member Since Mar 14, 2021   36 posts
Jun 20, 2021 at 11:38
Develop your stategy and dont try to use others own, my own strategy is what i use to make profits
forex_trader_2237169
Member Since Mar 14, 2021   36 posts
Jun 20, 2021 at 18:01
Please what dont you feel comfortable with? I don't understand and kindly explain. It seems you dont know what mt4 is, explain what you mean.
Member Since Apr 01, 2020   231 posts
Jun 21, 2021 at 00:33
A good strategy always helps a trader to make his trades in the right way and can become successful in trading.
Member Since Jun 16, 2021   9 posts
Jun 21, 2021 at 09:25
A strategy when made after the proper research of the market always helps in making trading profitable.
Member Since Jul 19, 2020   788 posts
Jun 21, 2021 at 16:53
Dictiony posted:
A good strategy always helps a trader to make his trades in the right way and can become successful in trading.
A good strategy is needed to make a consistent profit in trading. If the strategy is not right, the chances of loss are high.
Member Since Apr 03, 2021   470 posts
Jun 22, 2021 at 00:47
AliaDare posted:

A good strategy always helps a trader to make his trades in the right way and can become successful in trading.

A good trading strategy can make a profit on the end, there are strategy with small pips target but bigger stop loss, and there is a strategy with small stop loss and bigger target, both has own advantage and disadvantage, small target if always hit will making good profit but once loss can be lost all profit, tight stop loss maybe often hit stop loss but once profit can recover the loss.
Member Since Jun 15, 2021   13 posts
Jun 22, 2021 at 05:53
You can only be sure about any strategy to be good or not only when you have tested it on the time frames you want to book trades.
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