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Complicated strategy is not good
Miembro desde Jul 23, 2020
posts 816
Apr 01, 2021 at 17:59
AliaDare posted:
Yes, that's right. The more strategies I learn or apply to the market, the more complicated trading will become. So I need to make the trading process easier.
Only one strategy is enough to make profit. Don’t change strategy due to failure. Try to improve it.
Apr 04, 2021 at 11:09
Most traders think that trading is all about strategy. They look for it everywhere. They think there is one strategy that will make them rich. They never try to understand that the success of a strategy mostly depends on the individual it's using. Strategy is just a single component of successful trading.
Miembro desde Oct 04, 2021
posts 6
Oct 04, 2021 at 12:21
What is a simple money management plan?
Oct 23, 2021 at 15:16
Your strategy can be complicated for other traders, but if it's simple for you it's quite good. Then, other traders can't use your strategy just because they have no idea how do you apply it to trading. It's the best option for a strategy, however it's almost impossible to meet a trader whose strategy will be complicated. All of them are quite clear for traders, because they consist of the same things with minot details. Money management plan is the simplest thing I guess. You should wisely divide your funds on several parts and decide what part for what will serve you. Actually, that's all I guess.
Miembro desde Mar 16, 2021
posts 447
Oct 23, 2021 at 16:02
Every trader needs to simplify strategy and trade. The more difficult the strategy, the harder it will be to make a profit. We have to trade with trends.
Oct 23, 2021 at 16:16
The simpler the better it is. I do agree with your statement that you have made here. Forex trading or strategies do not need to be complicated. It is all about applying our learning at the right in the right way. I have seen some strategies that really work are very simple. Yes, a trader must be patient to find out those setups to take an entry and be sanguine that all the factors match to pull his trigger.
Oct 27, 2021 at 12:44
@sharabela yes the simpler is the better when it comes to forex trading strategy. Some people like complicated strategy. That's okay if they are doing good with it.
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