Strategy is very important but

Oct 08, 2020 at 12:52
670 Views
12 Replies
Member Since Jul 19, 2020   751 posts
Oct 08, 2020 at 12:52
Strategy is very important but not everything. You also need discipline. A good trading psychology. You also need good Control over your emotions and Ability to stay away from trading when it is needed.
Member Since Jul 19, 2020   318 posts
Oct 08, 2020 at 17:14
Without a proper strategy it is quite tough to make profit from this risky and volatile market.
Member Since Jul 20, 2020   341 posts
Oct 08, 2020 at 18:16
Yes. The strategy is very important in trading. Without a good strategy, you can not survive in this risky market.
Member Since Jul 19, 2020   788 posts
Oct 08, 2020 at 23:05
There can be no such thing as a Forex market in the virtual world. People are taking it as a gamble so they can't succeed in trading but if you think positively then you will understand that success will come one day if you trade with patience according to the plan.
Member Since Jul 19, 2020   298 posts
Oct 09, 2020 at 12:01
Yes trading is the combination of strategy, discipline, mind set, emotion control, money management and risk management. We need all of these. With an average strategy and all other qualities a person can make regular profit.
Member Since Jul 19, 2020   788 posts
Nov 04, 2020 at 00:36
The strategy is very important but if you can't manage your emotions and discipline then trading is not possible. Another important factor in money management and risk-reward trading. Excluding that part, it is never possible to survive in trading.
Member Since Jun 30, 2020   90 posts
Nov 08, 2020 at 14:21
A well-designed strategy makes it possible to trade well and achieve the goal.
Member Since Jul 20, 2020   232 posts
Nov 08, 2020 at 19:06
According to me success in the forex market mainly depends on the trading strategy.
Member Since Oct 07, 2020   24 posts
Nov 09, 2020 at 10:38
Your trading strategy has to play an important role when you are trading. But it is not the only thing that matters. You must also follow consistency, discipline, and be open to learning whenever you have a chance.
Member Since Apr 15, 2020   219 posts
Nov 11, 2020 at 06:12
UweMoench posted:
Strategy is very important but not everything. You also need discipline. A good trading psychology. You also need good Control over your emotions and Ability to stay away from trading when it is needed.

Yes, strategy is important in trading. It helps to manage your emotions and discipline. Don’t apply too many different strategies. Stick to one strategy to remain focused. Choose your strategy carefully and apply it on your demo account before going live.
The more your practice, the more you learn.
Member Since Oct 23, 2020   37 posts
Nov 18, 2020 at 05:39
It is very important but you also need to have the right mindset and good control over your emotions. Your hard work and determination will add to the success of your trade.
Member Since Mar 16, 2020   54 posts
Nov 18, 2020 at 11:14
Trading strategy is necessary while trading in the market. However, you need proper knowledge for that and how can you use the strategy.
Member Since Oct 07, 2019   39 posts
Nov 18, 2020 at 12:25
Without a sound trading strategy/plan, one can not win in the forex.
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.