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Strategy-based trading

SteveFx11
Mar 04 at 05:01
145 posts
Generally a strategy is a set of indicators that provide traders with a cogent market forecast according to which a trader opens trade. If traders want to make profit consistently, they have to run strategy-based trading where they are high averse. Strategy varies from trader to trader.
Tilokvarma
Mar 04 at 05:59
63 posts
This is a statement I always support. If you ask professional traders who have been in market for long years, you will also reply that they go ahead based on strategy. They make their own strategy based their experience. They rely on trading chart to capture the original market trend.
skihav
Mar 04 at 13:17
801 posts
It should be understood that in this niche the strategy does not always work. I think that you should understand why this is and for what.
RobertFerrari
Mar 05 at 05:06
415 posts
There is no alternative to strategy-based trading because except this kind of trading, you cannot be profitable from Forex. For so, a proven strategy must be there. Traders of different types have different kinds of strategies. For example- I follow a strategy of moving average that helps me capture the market trend well.
BrienBooker
May 03 at 08:02
32 posts
Strategy is very important while doing trading because without strategy you can never earn good profits in the forex. Your own practice and knowledge of how to use indicators will lead you to make good trades.
Eloise
May 04 at 05:33
45 posts
The forex market is highly unanticipated thus one should opt for strategy-based trading. For example using price action strategy which is accurate most of the time and also trend based is a good one to consider.
Seb King (sebking1986)
May 05 at 11:58
534 posts
My mindset is forex is a business and you can't go into any business without a plan/strategy. So why expect to go into forex without one and succeed?
If you can't spot the liquidity then you are the liquidity.
personifica_
Jul 14 at 07:31
21 posts
Traders who are experienced will also tell you to have a strategy before going live. Do not think it is some kind of gamble but forex is legit and needs to learn chart patterns and have atleast basic knowledge before trading.
essencejo
Jul 14 at 10:38
31 posts
Yes, it is very important to have strategy-based trading. When you have a proper plan of what you are going to do and how then you will be able to make trades more confidently and carefully.
Marcel Durham (MarcellusLux)
Jul 14 at 15:31
191 posts
Is non-strategic trading possible?
As the developer of a profitable trading system, I can confidently confirm that this is the only way to consistently trade.
A trading system must necessarily include a trading plan, a risk assessment system, and a market analysis system.
LabuyaChicay
Jul 16 at 07:55
93 posts
Traders have to remove the negativity from their mind and they should deduct the tendency of over-trading and revenge trading from their mind.
Marcolis
Jul 16 at 16:09
175 posts
SteveFx11 posted:
Generally a strategy is a set of indicators that provide traders with a cogent market forecast according to which a trader opens trade. If traders want to make profit consistently, they have to run strategy-based trading where they are high averse. Strategy varies from trader to trader.
With the growing demand of scalping, brokers are also offering several facilities to traders for scalping effectively. Generally, a trade which is opened as scalping is closed within 5 to 10 pips.
Zaftig
Jul 19 at 09:38
22 posts
It is a must when trading in the forex or any other market. Without a profitable trading strategy you will only make losses.
WhiteWitcher
Aug 09 at 16:31
71 posts
Oh does anyone trading without strategy?? If yes, I have a bad news for you. You must be altruists and give all money to brokers. Well I would take some, if you do not know where to spend it.
Marcel Durham (MarcellusLux)
Aug 09 at 17:20
191 posts
WhiteWitcher posted:
Oh does anyone trading without strategy?? If yes, I have a bad news for you. You must be altruists and give all money to brokers. Well I would take some, if you do not know where to spend it.
Yes exactly. I also do not understand what those traders who trade without a strategy think about. how?
Marcel Durham (MarcellusLux)
Aug 09 at 17:25
191 posts
Tell me, a trader with over 12 years of experience, what is opposite to a strategy-based trading? After all (meticulously) random is also a strategy, anyway.
Shiber
Aug 16 at 18:02
18 posts
You can also set the levels manually.
The main thing is that it helps you and your capital!
WhiteWitcher
Aug 17 at 15:00
71 posts
MarcellusLux posted:
Tell me, a trader with over 12 years of experience, what is opposite to a strategy-based trading? After all (meticulously) random is also a strategy, anyway.

Oh if random trading is also kind of trading strategy then there is no non-strategic trading. And this is a worldwide conspiracy, and even those who trade without a strategy trade with a strategy.
CraigMcG2020
Aug 17 at 15:38
395 posts
MarcellusLux posted:
Tell me, a trader with over 12 years of experience, what is opposite to a strategy-based trading? After all (meticulously) random is also a strategy, anyway.

I dont think there is an opposite. I think once there are certain things in place like risk management, good RR and discipline a lot of strategies will work
Mnern
Aug 17 at 19:02
23 posts
In fact, these can be indicators, some figures on the charts, fundamental analysis, again ... There are many approaches - the essence is one. We use what we understand and feel. It seems to me that it can be explained in this way.
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