Strategy-based trading

Mar 04, 2022 at 05:01
1,305 Views
28 Replies
Member Since Feb 15, 2022   183 posts
Mar 04, 2022 at 05:01
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.
Member Since Feb 16, 2022   63 posts
Mar 04, 2022 at 05:59
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.
Member Since Apr 14, 2022   32 posts
May 03, 2022 at 08:02
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.
Member Since Apr 18, 2022   51 posts
May 04, 2022 at 05:33
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.
Member Since Apr 09, 2019   538 posts
May 05, 2022 at 11:58
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.
Member Since Jun 28, 2022   21 posts
Jul 14, 2022 at 07:31
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.
Member Since May 07, 2022   40 posts
Jul 14, 2022 at 10:38
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.
Member Since May 19, 2020   404 posts
Jul 14, 2022 at 15:31
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.
@Marcellus8610
Member Since Feb 16, 2022   119 posts
Jul 16, 2022 at 07:55
Traders have to remove the negativity from their mind and they should deduct the tendency of over-trading and revenge trading from their mind.
Member Since Feb 15, 2022   219 posts
Jul 16, 2022 at 16:09
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.
Member Since Jun 22, 2022   22 posts
Jul 19, 2022 at 09:38
It is a must when trading in the forex or any other market. Without a profitable trading strategy you will only make losses.
Member Since Aug 19, 2021   228 posts
Aug 09, 2022 at 16:31
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.
Member Since May 19, 2020   404 posts
Aug 09, 2022 at 17:20
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?
@Marcellus8610
Member Since May 19, 2020   404 posts
Aug 09, 2022 at 17:25
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.
@Marcellus8610
Member Since Jul 04, 2020   18 posts
Aug 16, 2022 at 18:02
You can also set the levels manually.
The main thing is that it helps you and your capital!
Member Since Aug 19, 2021   228 posts
Aug 17, 2022 at 15:00
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.
Member Since Jul 20, 2020   399 posts
Aug 17, 2022 at 15:38
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
Member Since Jul 22, 2020   23 posts
Aug 17, 2022 at 19:02
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.
Member Since Jul 26, 2022   49 posts
Aug 18, 2022 at 12:10
LabuyaChicay posted:
Traders have to remove the negativity from their mind and they should deduct the tendency of over-trading and revenge trading from their mind.
Completely agree to this one mate!
Member Since Sep 14, 2022   40 posts
Oct 10, 2022 at 12:22
It is your strategy that helps you understand the market and make decisions based on price movements. The purpose of a strategy is to keep the trader focused on their goal by creating a well-thought out plan.
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