Whats your opinion on the most important aspects of a trading system
Mitglied seit Oct 12, 2020
38 Posts
Nov 06, 2020 at 12:05
Forex trading gives you chances to improve over time. Staying stagnant might keep you from making better trades.
Nov 09, 2020 at 19:53
Multiple factors play and determine if you will make money. The 3 most important things about trading which you need is
*To be able to manage your emotions and have a good headspace
*Perfect money management (VERY IMPORTANT)
*Entries and everything that falls into that category. Risk Management, Exiting, NEWS AVOIDANCE, etc
So my overall opinion is that there isn't one thing that you treat more important, Many things determine how your system will perform if you dint have Money management but your system and psychology and trading entries and so forth are good but you don't have any money management you won't make no money long term.
You get the point I'm sure so make sure everything up to standard and you will be making consistent profits
*To be able to manage your emotions and have a good headspace
*Perfect money management (VERY IMPORTANT)
*Entries and everything that falls into that category. Risk Management, Exiting, NEWS AVOIDANCE, etc
So my overall opinion is that there isn't one thing that you treat more important, Many things determine how your system will perform if you dint have Money management but your system and psychology and trading entries and so forth are good but you don't have any money management you won't make no money long term.
You get the point I'm sure so make sure everything up to standard and you will be making consistent profits
Practise Makes Paper
Mitglied seit Jul 20, 2020
232 Posts
Dec 19, 2020 at 14:41
According to me, Success in the forex market mainly depends on your trading strategy.
Mitglied seit Nov 17, 2020
24 Posts
Jan 08, 2021 at 09:31
Good management is the key. Both risk and money should be properly managed for successful trading. Working constantly on the strategy also helps.
Feb 19, 2021 at 07:13
KnowFinance posted:Yes, a good plan in hand helps a trader to be more focused and more confident than trading. Its always better to follow a planned approach, along with proper risk management, patience and discipline.
I believe that a trading plan is the most important aspect in trading. Anything done with a proper plan helps in achieving the targets and goals.
Mitglied seit Feb 04, 2021
35 Posts
Mar 01, 2021 at 08:21
I feel, the most important aspect in forex trading is devoting time to the market. Make sure you devote a few hours to the market each day. This is the only way you can learn about the market. If you are knowledgeable enough, then trading will be more beneficial for you in the long run.
Mitglied seit Oct 01, 2020
49 Posts
Mar 03, 2021 at 10:52
KnowFinance posted:Absolutely correct. Things done with a plan give better results. It also helps you in managing your time and money. It helps you to grow.
I believe that a trading plan is the most important aspect in trading. Anything done with a proper plan helps in achieving the targets and goals.
Mitglied seit Jul 14, 2020
42 Posts
Mar 03, 2021 at 12:34
Trading strategies are important to work upon. Your whole trade depends on how you strategize it.
Mitglied seit Nov 03, 2017
1 Posts
Mar 03, 2021 at 17:52
Trusting yourself, trusting YOUR plan
Mitglied seit Oct 01, 2020
49 Posts
Mar 04, 2021 at 11:07
philipsimmions posted:Can’t agree less to this. Strategies are the most important part of trading plans. Many beginners get confused when it comes to making strategies and some don’t even want to put their little time in building it. I took a lot of time making one and that is the reason why I am earning a decent amount. Fxview and Etoro also have the feature of automated trading so you’ll be easily able to work upon your strategies.
Trading strategies are important to work upon. Your whole trade depends on how you strategize it.
Mitglied seit Jun 19, 2021
49 Posts
Jul 02, 2021 at 07:12
(bearbeitet Jul 02, 2021 at 07:13)
I scoured through many strategies, so much disappointment that it was not for me that I grew very frustrated, every pic was a loser. Today I trade 9% winners and am very happy I took years of practice and put in the blood and sweat to be who I am today. My strategy is taking an already successful winning strategy that was around 60% to 80% correct to a high 92-96% correct winning strategy. I fine-tuned it so well I remove my stop losses. (DO NOT FOLLOW THIS AS ADVICE) I have done the exact trade so many times that I know when it will break a certain threshold or not. I now have my first student who went from losing everything o now being able to pay her bills. She told me she has yet to lose one trade with me.
*I kill pips for fun.*
Mitglied seit May 19, 2020
352 Posts
Jul 14, 2021 at 11:45
Money management, risk management, entry and exit strategies, as well as a market analysis strategy are integral components of the system. It will not exist without them. Everything should work perfectly and everything is interconnected. It is impossible to say which is more important.
If you need to evaluate the performance of your strategy after the test, pay attention to the number of consecutive losing trades, identify the weak points of the system, look at the maximum drawdown and relative drawdown.
If you need to evaluate the performance of your strategy after the test, pay attention to the number of consecutive losing trades, identify the weak points of the system, look at the maximum drawdown and relative drawdown.
@Marcellus8610
Jul 28, 2021 at 10:48
The consistency with no deep dd and risky trades. If you are able to make 1$ per day, each day during the month, yes, it's a little return, but stable. And with larger lot size you will make 1000 dollars per day, each day during the month.
Mitglied seit Aug 13, 2021
43 Posts
Aug 18, 2021 at 08:17
I will always put stability in the first place.
Second is spread.
Third is rebate.
My job is to compare broker to broker for those who consult me and give out the best option for them.... So i know much how the brokers work... contact me if u feel doubted
Second is spread.
Third is rebate.
My job is to compare broker to broker for those who consult me and give out the best option for them.... So i know much how the brokers work... contact me if u feel doubted
Mitglied seit Aug 13, 2021
43 Posts
Aug 31, 2021 at 02:10
I will say slippage and system stability are the most important things for mid-long term trading. Spread can be just neglected
For short term, spread and slippage.
For short term, spread and slippage.
Mitglied seit Aug 26, 2021
9 Posts
Aug 31, 2021 at 10:33
Does anyone know how to model slippage when back testing on MT4?
Mitglied seit Jun 04, 2021
4 Posts
Sep 01, 2021 at 07:16
Money management combined with a successful market strategy is very crucial for successful trading. As this helps the trader to take out the emotional and psychological aspects and make money over the long term. All the other things come next.
