Ready made strategy doesn't

Ready made strategy doesn't help at to develop your trading skills. As you newbie you have to learn how price works, how an indicator works, why and when an indicator gives any buy or sell signals. When you are newbie, you are like an intern. You work to learn the skills not for money.

I have tried automated trading a number of times but it is only manual trading that I like more because it makes me the master of my own trades.

Try to build one for yourself with your own trading style. That is the proper way.

Ready made strategy is never gonna help you in the long run because what may work very nicely for someone else may be a disaster for you. So, formulate a strategy based on your own personality and goals.

Ready-made strategy is not good. It doesn't work very well. To work a strategy we need to customize it according to our trading psychology. Do experiment, you will be able to make your own strategy.

Nothing is ready made in this world so how it can be on forex trading? We should always try to look into the possibilities of making new strategies for our trades although it is time taking but it is in accordance with your trading style only.

Ready made strategy might become ineffective if they are not tuned to constant changes as the market is never static and keep on constantly changing in nature.

I honestly don't think they work either as a strategy is very personal and so will always need to be bespoke.

It is necessary to look from the other side at the ready made trading systems. Why not consider ready made systems trading as a prime example of what a system might look like? This will certainly not give you a trading experience, but you will know a little more about the market and the possible trading options. As an example, you need to read enough books to be able to write your own.

I also led to the conclusion that the best trading system is one that a trader makes personally. The suit must be tailored to fit.

A ready-made forex strategy will give you an experience of real trading very quickly, so you can switch to a different strategy easily when you become a more experienced forex trader.

I wouldn't be so radical while talking about ready-made strategies. It depends on the traders themselves and their critical thinking. As for me, I understand the given information better when I see the examples of how this or that knowledge is implemented on practice. The same is a bout trading strategies. I can look at some trading strategies which are available with the help of other traders and test them and try to analyze what they lack and what their weak points are. Everyone should understand that trading strategies should always be modified according to the market. It is next to impossible to find some strategy and use it in your trading all the time with success. More than that, people are different and as they say, one man's meat is another man's poison. So, they should be altered according to your personalty and mentality.

A single strategy without any changes cannot be very useful. To make it work in different scenarios, it is important to customize it as the situation demands. If the trader is not confident about the customization, a demo account can always be used to backtest the new strategy.

Any strategy needs an upgrade according to the time and demand of the market. Several traditional strategies have been successful in the past and they still work great in the market. But over time, the market will require a different approach to the strategy that can beat it. So, traders need an upgrade of their strategies.

Forex market is so dynamic that you can’t rely on a single strategy to achieve success in it. You will have to keep making new trading strategies, but don’t try in live trading. To test your trading strategies, you should use a demo account. You’d be able to find flaws (if any) in your strategies, which you can then rectify before implementing those in live forex trading.

So true! Most of them are valueless because Forex market is so random & volatile! So, there is nothing like copy/paste formula in Forex!

UweMoench posted:
Ready made strategy doesn't help at to develop your trading skills. As you newbie you have to learn how price works, how an indicator works, why and when an indicator gives any buy or sell signals. When you are newbie, you are like an intern. You work to learn the skills not for money.

To be honest, I have such a bad experience with so called profitable trading strategy! Basically, if you want to succeed here then surely, building your own trading system is the best practice! Surely, it’ll take a little bit time but the result will be more sustainable!

Ready made strategies may sometimes work for traders if their trading style matches with the strategy. It can be a good way if a trader is not able to build a good strategy for himself. Even if a strategy is not suitable for a trader, it can be modified according to the requirements.

Every trader should develop their own strategy that suits their trading style. It is not mandatory that the ready made strategy will suit you. Furthermore, to learn trading properly you must not follow ready made strategy and build your own. Also, if you don’t work hard on your own you can never learn trading skills and it will be harmful in the long-run.