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Strategy and Forex
Jul 16, 2020 at 06:47
Member Since Aug 11, 2017
886 posts
Practically in order to our trading understanding we the traders choose our trading strategies. According to me , if you want to get maximal result by your trading strategy , first of all you have make sure the proper money management approach , otherwise that’s not possible at all to make profit at all with great consistency despite of most powerful analyzing trading strategy. so, it is more important to know how to manage money in Forex trading.
Member Since Jun 24, 2020
34 posts
Jul 16, 2020 at 06:50
Member Since Jun 24, 2020
34 posts
Well said mate. Managing money is one of the most important things for any tarders. But sadly many people don't spend quality time on formulating sound money management strategies. I believe results would be better, if we emphasize more on it.
Member Since Jan 01, 2020
21 posts
Jul 16, 2020 at 14:25
Member Since Jan 01, 2020
21 posts
It took me quite some time before I realised the best trading strategy for me. It takes practice and patience. If you want to develop a very good trading strategy then you need to develop it while you are still in your demo account. Do not rush into trading until you have a strategy that you are sure of.
Member Since Jul 09, 2019
38 posts
Jul 17, 2020 at 10:26
Member Since Jul 09, 2019
38 posts
Thorgahuginn posted:
It took me quite some time before I realised the best trading strategy for me. It takes practice and patience. If you want to develop a very good trading strategy then you need to develop it while you are still in your demo account. Do not rush into trading until you have a strategy that you are sure of.
Yes. We have to ourselves find the right strategy for ourselves though it may take time but in order to be profitable we have to keep our calm and work for it.
Member Since Sep 27, 2019
10 posts
Member Since Jun 26, 2020
327 posts
Jul 19, 2020 at 06:38
Member Since Jun 26, 2020
327 posts
I have seen despite of a profitable trading policy scalping cannot use in a proper way due to many restrictions. So we the traders who are particularly scalpers always have to be more careful when choosing a broker. Scalping will be successful when you could make sure lowest trading spreads which is very supportive to make profit with certainly by scalping that brings profit in a short time.
Jul 22, 2020 at 18:36
Member Since Apr 28, 2020
18 posts
There are many ready-made trading strategies on the market, both simple and quite complex and understandable only to professionals. Beginners, as a rule, begin trading using a ready-made trading strategy, and not the most complex one. However, over time, almost each of them understands that trading is truly effective only with a strategy developed personally, based on their own experience and preferences.
Regardless of whether a trader creates a strategy from scratch or modifies a ready-made one, it is necessary that it suits his character and type of account.
Regardless of whether a trader creates a strategy from scratch or modifies a ready-made one, it is necessary that it suits his character and type of account.
Member Since Aug 27, 2017
994 posts
Member Since Jun 26, 2020
327 posts
Member Since Feb 24, 2020
4 posts
Member Since Feb 25, 2020
4 posts
Aug 05, 2020 at 13:38
Member Since Jul 19, 2020
751 posts
Yeah you are right. Money management is very important. Another thing is also very important which is control of your mind. If you can't control your mind, you will end up opening trades without any reason. That's why discipline is needed as well.
Member Since Jun 21, 2020
59 posts
Aug 05, 2020 at 14:24
Member Since Jun 21, 2020
59 posts
Mark64747hd posted:
Whatever trading strategy you choose , you will have to change it over time, and adjust it to the constantly changing realities of the market
Very accurate, I change my strategy or use it according to maket condition, but one thing I don't change is my risk management style, that made me profitable.
NO EMOTION DURING TRADING.
Member Since Jul 23, 2020
869 posts
Aug 05, 2020 at 15:16
Member Since Jul 23, 2020
869 posts
Every trader needs to keep in mind that trading strategy should be simple and select the appropriate trading strategy that suits his needs. This will help to make the right trading decisions, measure the amount of risk trader is willing to take.
Aug 06, 2020 at 14:18
Member Since Jul 19, 2020
788 posts
Yes, you are right. Everything in trading depends on money management. If money management is good, it is possible to earn a lot of money from trading. I have heard many people say that he cannot make a profit in trading. The only reason I see that he is not making a profit without money management. If you have a good trading strategy and you follow money management with it, you will make a profit one day. You need to use a good strategy that is world-famous.
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