Ready made strategy doesn't

Dec 29, 2020 at 15:01
2,163 Views
40 Replies
Member Since May 13, 2022   34 posts
May 20, 2022 at 05:09
Every trader may not be suited to the ready-made approach. So, to establish a successful trading profession, strive to devise your own approach.
Member Since Mar 11, 2022   51 posts
May 24, 2022 at 06:40
Ready made strategies will provide you an outcast of how you should trade. It is good to be taken as a guiding strategy or a reference. But depending upon your own trading capacity and currency pairs, you have to modify the strategy. If you are completely relying on a strategy that someone else made for the whole world, you will most probably lose.
Member Since May 13, 2022   23 posts
May 25, 2022 at 10:14
The premade approach may not be suitable for all traders. So, in order to establish a successful trading profession, strive to devise your own approach. If it works, it’s good, if not, go to a demo account, tweak the strategy, return to a live trading account and implement the strategy. The point is to keep trying until you get it right.
Member Since May 13, 2022   22 posts
May 26, 2022 at 09:17
There is no such thing as a foolproof approach when it comes to profitable trading. It is best to gain knowledge and experience by watching the market. It will be helpful to you in formulating a good strategy based on your own personality and goals, as a result of doing so.
Member Since Feb 15, 2022   219 posts
May 27, 2022 at 03:59
I follow a moving average strategy and it is well proven. In the same way, I suggest traders use a well-defined and proven strategy to make average profit. But, traders’ intention is different and they always try to make a quick buck. Demo accounts to make a judgment over your strategy.
Member Since Feb 15, 2022   183 posts
May 27, 2022 at 04:21
Strategy-based trading gets the highest priority in trading because it’s a disciplined way of trading. Innovation of strategies is highly essential for a trader because it helps trader be consistent in making profits and understanding the market. This is the ability that traders basically want to grow overtime.
Member Since Jun 07, 2021   72 posts
Jun 02, 2022 at 06:28
A ready-made strategy is another way of saying that you are too lazy to create your own strategy and would rather adopt someone else's, which is not a desirable attitude to have if you want to earn money trading. It is not definite that the strategy that worked for others will work for you. And also the strategy needs to be amended according to the change in the market as it might lose edge.
Traders should develop their own trading strategy depending on their trading style.
Member Since May 30, 2022   27 posts
Jun 07, 2022 at 09:29
The best way to learn how to trade is by building your strategy. When you create a system, you are aware of the drawbacks and the outcome you desire to achieve. When you work hard to achieve a certain thing, you no doubt will succeed, because you hold all the information necessary having complete control to turn things around. Readymade strategies may work but not for the long term.
Member Since Aug 05, 2021   401 posts
Jun 15, 2022 at 14:28
I like how you compared beginners to interns, I think that's pretty spot-on. It's really idiotic to think someone else is just going to carry you through to riches and you barely need to know anything - after all, if these ready made concepts worked so well, then wouldn't we all have found them and become rich by now?
Member Since Apr 14, 2022   32 posts
Jun 16, 2022 at 06:10
A pre-made approach will never work for you in the long run because what works for someone else may not work for you. As a result, create a strategy based on your own personality and goals.
Member Since Apr 18, 2022   51 posts
Jun 18, 2022 at 05:05
In forex trading, preplanned strategies rarely work. It is an unpredictable market that necessitates quick decision-making based on a thorough understanding of the market's factors.
Member Since Apr 09, 2019   538 posts
Jun 20, 2022 at 11:05
If it was as simple as just copying wouldn't we all be rich by now?
If you can't spot the liquidity then you are the liquidity.
Member Since Jun 03, 2022   17 posts
Jun 23, 2022 at 06:23
In forex trading, there is no one-size-fits-all strategy. The success of one trader's strategy does not imply that it will be successful for all traders. To find profitable trading strategies, one must apply and test a variety of methods.
Member Since Jun 02, 2022   24 posts
Jun 27, 2022 at 04:23
There are a lot of readymade strategies available in the forex market but there is no guarantee if they will work for you. You have to make some changes to them to customise them as per your trading needs. This will help you develop necessary trading skills that will help you proceed further in your trading career.
Member Since Jun 29, 2022   26 posts
Jun 29, 2022 at 11:38
Even if you could just copy and paste a strategy that had a high strike rate the psychological aspect would still hamper some people
Keep it country
Member Since May 24, 2022   17 posts
Jul 07, 2022 at 05:00
Right, ready-made strategies do not work. It might be helpful to provide an outer shell by the help of which you can frame your own strategy or plan.
If you are a beginner trader, please do not rely on other trader’s strategies. Like this you won’t learn, and won’t last long in the market. Learn, fall, and learn again, only then you will become perfect.
Member Since Jul 13, 2022   32 posts
Jul 29, 2022 at 09:04
A ready-made strategy doesn't work. Every trader has a unique approach, and strategy should be developed solely on that basis.

Member Since Jul 25, 2022   20 posts
Aug 02, 2022 at 10:39
I guess it’s quite obvious to believe that a readymade strategy won’t ever work the way a customised one will. So, instead of wasting your time and money on something that you don’t understand, you better build a new one after gaining some experience with the readymade one.
Member Since Apr 09, 2019   538 posts
Aug 02, 2022 at 11:58
Exactly, draw inspiration from them and test them to see which bits work for you but there are so many nuances to trading that it's vital to find YOUR strategy.
If you can't spot the liquidity then you are the liquidity.
Member Since May 02, 2022   38 posts
Aug 02, 2022 at 11:59
Because the forex market is so unpredictable, you can't rely on a single strategy or ready made strategy to be successful here. So , coming up with your own strategy is the best way to proceed.
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