Ready made strategy is not beneficial and every trader must develop their own strategy that suits them the best. It is not mandatory that if the same strategy worked for other traders then it will work for you as well. Also, using ready made strategy will never allow you to develop your trading skills proficiently. Every trader must create their own strategy with their psychology, personality, and financial goals.
Ready made strategies will provide you an outcast of how you should trade. It is good to be taken as a guiding strategy or a reference. But depending upon your own trading capacity and currency pairs, you have to modify the strategy. If you are completely relying on a strategy that someone else made for the whole world, you will most probably lose.
The premade approach may not be suitable for all traders. So, in order to establish a successful trading profession, strive to devise your own approach. If it works, it’s good, if not, go to a demo account, tweak the strategy, return to a live trading account and implement the strategy. The point is to keep trying until you get it right.
There is no such thing as a foolproof approach when it comes to profitable trading. It is best to gain knowledge and experience by watching the market. It will be helpful to you in formulating a good strategy based on your own personality and goals, as a result of doing so.
I follow a moving average strategy and it is well proven. In the same way, I suggest traders use a well-defined and proven strategy to make average profit. But, traders’ intention is different and they always try to make a quick buck. Demo accounts to make a judgment over your strategy.
Strategy-based trading gets the highest priority in trading because it’s a disciplined way of trading. Innovation of strategies is highly essential for a trader because it helps trader be consistent in making profits and understanding the market. This is the ability that traders basically want to grow overtime.
A ready-made strategy is another way of saying that you are too lazy to create your own strategy and would rather adopt someone else's, which is not a desirable attitude to have if you want to earn money trading. It is not definite that the strategy that worked for others will work for you. And also the strategy needs to be amended according to the change in the market as it might lose edge. Traders should develop their own trading strategy depending on their trading style.
The best way to learn how to trade is by building your strategy. When you create a system, you are aware of the drawbacks and the outcome you desire to achieve. When you work hard to achieve a certain thing, you no doubt will succeed, because you hold all the information necessary having complete control to turn things around. Readymade strategies may work but not for the long term.
I like how you compared beginners to interns, I think that's pretty spot-on. It's really idiotic to think someone else is just going to carry you through to riches and you barely need to know anything - after all, if these ready made concepts worked so well, then wouldn't we all have found them and become rich by now?
In forex trading, there is no one-size-fits-all strategy. The success of one trader's strategy does not imply that it will be successful for all traders. To find profitable trading strategies, one must apply and test a variety of methods.
There are a lot of readymade strategies available in the forex market but there is no guarantee if they will work for you. You have to make some changes to them to customise them as per your trading needs. This will help you develop necessary trading skills that will help you proceed further in your trading career.
Right, ready-made strategies do not work. It might be helpful to provide an outer shell by the help of which you can frame your own strategy or plan. If you are a beginner trader, please do not rely on other trader’s strategies. Like this you won’t learn, and won’t last long in the market. Learn, fall, and learn again, only then you will become perfect.
I guess it’s quite obvious to believe that a readymade strategy won’t ever work the way a customised one will. So, instead of wasting your time and money on something that you don’t understand, you better build a new one after gaining some experience with the readymade one.
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UPOZORNĚNÍ NA VYSOKÉ RIZIKO: Obchodování s devizami přináší vysokou úroveň rizika, které nemusí být vhodné pro všechny investory.
Páka vytváří další rizika a ztráty. Než se rozhodnete obchodovat s devizami, důkladně zvažte své investiční cíle, úroveň zkušeností a toleranci vůči riziku.
Můžete přijít o část nebo všechny své počáteční investice. Neinvestujte peníze, které si nemůžete dovolit ztratit. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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