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Strategy-based trading
Mar 04, 2022 at 05:01
Generally a strategy is a set of indicators that provide traders with a cogent market forecast according to which a trader opens trade. If traders want to make profit consistently, they have to run strategy-based trading where they are high averse. Strategy varies from trader to trader.
Mitglied seit Feb 16, 2022
60 Posts
Mar 04, 2022 at 05:59
This is a statement I always support. If you ask professional traders who have been in market for long years, you will also reply that they go ahead based on strategy. They make their own strategy based their experience. They rely on trading chart to capture the original market trend.
Mitglied seit Apr 14, 2022
32 Posts
May 03, 2022 at 08:02
Strategy is very important while doing trading because without strategy you can never earn good profits in the forex. Your own practice and knowledge of how to use indicators will lead you to make good trades.
Mitglied seit Apr 09, 2019
516 Posts
May 05, 2022 at 11:58
My mindset is forex is a business and you can't go into any business without a plan/strategy. So why expect to go into forex without one and succeed?
If you can't spot the liquidity then you are the liquidity.
Mitglied seit Jun 28, 2022
25 Posts
Jul 14, 2022 at 07:31
Traders who are experienced will also tell you to have a strategy before going live. Do not think it is some kind of gamble but forex is legit and needs to learn chart patterns and have atleast basic knowledge before trading.
Mitglied seit May 19, 2020
321 Posts
Jul 14, 2022 at 15:31
Is non-strategic trading possible?
As the developer of a profitable trading system, I can confidently confirm that this is the only way to consistently trade.
A trading system must necessarily include a trading plan, a risk assessment system, and a market analysis system.
As the developer of a profitable trading system, I can confidently confirm that this is the only way to consistently trade.
A trading system must necessarily include a trading plan, a risk assessment system, and a market analysis system.
@Marcellus8610
Mitglied seit Feb 16, 2022
113 Posts
Jul 16, 2022 at 07:55
Traders have to remove the negativity from their mind and they should deduct the tendency of over-trading and revenge trading from their mind.
Jul 16, 2022 at 16:09
SteveFx11 posted:
Generally a strategy is a set of indicators that provide traders with a cogent market forecast according to which a trader opens trade. If traders want to make profit consistently, they have to run strategy-based trading where they are high averse. Strategy varies from trader to trader.
With the growing demand of scalping, brokers are also offering several facilities to traders for scalping effectively. Generally, a trade which is opened as scalping is closed within 5 to 10 pips.
Mitglied seit Aug 19, 2021
203 Posts
Aug 09, 2022 at 16:31
Oh does anyone trading without strategy?? If yes, I have a bad news for you. You must be altruists and give all money to brokers. Well I would take some, if you do not know where to spend it.
Mitglied seit May 19, 2020
321 Posts
Aug 09, 2022 at 17:20
WhiteWitcher posted:
Oh does anyone trading without strategy?? If yes, I have a bad news for you. You must be altruists and give all money to brokers. Well I would take some, if you do not know where to spend it.
Yes exactly. I also do not understand what those traders who trade without a strategy think about. how?
@Marcellus8610
Mitglied seit May 19, 2020
321 Posts
Aug 09, 2022 at 17:25
Tell me, a trader with over 12 years of experience, what is opposite to a strategy-based trading? After all (meticulously) random is also a strategy, anyway.
@Marcellus8610
Mitglied seit Aug 19, 2021
203 Posts
Aug 17, 2022 at 15:00
MarcellusLux posted:
Tell me, a trader with over 12 years of experience, what is opposite to a strategy-based trading? After all (meticulously) random is also a strategy, anyway.
Oh if random trading is also kind of trading strategy then there is no non-strategic trading. And this is a worldwide conspiracy, and even those who trade without a strategy trade with a strategy.
Mitglied seit Jul 20, 2020
385 Posts
Aug 17, 2022 at 15:38
MarcellusLux posted:
Tell me, a trader with over 12 years of experience, what is opposite to a strategy-based trading? After all (meticulously) random is also a strategy, anyway.
I dont think there is an opposite. I think once there are certain things in place like risk management, good RR and discipline a lot of strategies will work
Mitglied seit Jul 26, 2022
45 Posts
Aug 18, 2022 at 12:10
LabuyaChicay posted:
Traders have to remove the negativity from their mind and they should deduct the tendency of over-trading and revenge trading from their mind.
Completely agree to this one mate!
