You have to develop a trading system. The system includes everything. Now you may ask how to develop a system? That's the most difficult task in forex trading. It is also the reason most people fail in trading. That's why you need to study and experiment a lot. It will take time. But there is no other ways.
Strategy is totally up to you. You can make it simple or complicated what fits to your goal and risk. I think sticking to that plan or strategy is more important.
Mar 05 2021 at 11:52
It all depends on the trader and how they decide to go about their strategy. If they understand it properly even if it is a bit complex, it is completely okay.
Money management needs to be properly maintained to reject losses. And money management is needed to control the risk.
Mar 06 2021 at 10:35
If you want to trade professionally, you have to control your emotions. And you have to learn from trading mistakes. Regular meditation should be done to remove the negative mindset.
Mar 30 2021 at 04:54
Keeping it simple is a smart way to go about your strategy. And the simpler it is, the better it gets.
baytonhinity posted:
It all depends on the trader and how they decide to go about their strategy. If they understand it properly even if it is a bit complex, it is completely okay.
Yes you are absolutely right. I was talking newbie. Sometimes they get fascinated by seeing complex charts and make mistakes to try that.
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.
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.
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.
all trading strategy be more complicated when you have very poor money management , so should emphasis on money management first.
Oct 01 2021 at 20:46
Mohammadi posted:
all trading strategy be more complicated when you have very poor money management , so should emphasis on money management first.
Yes. Money management is very important to survive in this market.
Do not forget that you need to be able to manage risks in order to bring a good result together.
Oct 04 2021 at 12:21
What is a simple money management plan?
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.
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.
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.
@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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