No strategies can help you unless you don't know how to make it culminate with your trading personality. The market is industriously changing and you have to fit in with these developments. At any rate you anticipated that would do this beginning at starting late. Most techniques quit working when market conditions change and you have to modify the way how you're utilizing your trading framework. Better to make sense of how to make your own specific approach. In the occasion that will save you in all sort of markets.
must be consistent with YOUR RULES, with-in the strategy itself.
Yes you are right. We need to customize the strategy according to the changing market scenario. Success of strategy also depends on how we use it. Most people do not use the strategy properly. They want to open trade if the strategy is not giving any signals.
Sep 13 2020 at 22:06
hmm that is true...
God is God
Many strategies of Forex market analysis need to be used. Because the market often behaves differently. So the strategy should be updated all the time. I agree with you. If a trader does not use the strategy properly, he will never be able to make a profit.
Sep 14 2020 at 13:10
No strategies can help you if you don't have any knowledge about the basics of forex. So, learn the basics first and than try to earn money from this market.
Sep 15 2020 at 10:04
I agree. Everyone needs to develop and improve their own strategies.
I don’t understand at all how it is possible to develop a strategy without knowing the basic concepts and rules of how this market works.
Sep 17 2020 at 08:56
Strategy is the main thing to make profit from this market. If your strategy suits you, you can become successful in a short time. But if you dont't have any knowledge about trading, no strategy can help you to make money from this market.
Oct 13 2020 at 06:19
I believe strategies have to be always tweaked around for maximum profits.
Often people look for the startegies that work in most situations. But in reality there isnt one strategy that fits all. We have to do some research on it to find which strategy fits when.
Agree with @Evelyn55
Markets never remain the same, so the strategies should also be framed as per the current market situation if success is to be achieved. A trader should always ave a plan B in place if any sudden market fluctuation happens to take place.
Markets never remain the same, so the strategies should also be framed as per the current market situation if success is to be achieved. A trader should always ave a plan B in place if any sudden market fluctuation happens to take place.
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