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.
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.
There is no alternative to strategy-based trading because except this kind of trading, you cannot be profitable from Forex. For so, a proven strategy must be there. Traders of different types have different kinds of strategies. For example- I follow a strategy of moving average that helps me capture the market trend well.
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.
The forex market is highly unanticipated thus one should opt for strategy-based trading. For example using price action strategy which is accurate most of the time and also trend based is a good one to consider.
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.
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.
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.
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?
In fact, these can be indicators, some figures on the charts, fundamental analysis, again ... There are many approaches - the essence is one. We use what we understand and feel. It seems to me that it can be explained in this way.
AVERTISSEMENT SUR LE RISQUE ÉLEVÉ : Le trading de devises comporte un niveau de risque élevé qui peut ne pas convenir à tous les investisseurs.
Leffet de levier crée un risque supplémentaire et une exposition aux pertes. Avant de décider de négocier des devises, examinez attentivement vos objectifs dinvestissement, votre niveau dexpérience et votre tolérance au risque.
Vous pourriez perdre une partie ou la totalité de votre investissement initial. Ninvestissez pas largent que vous ne pouvez pas vous permettre de perdre. Renseignez-vous sur les risques associés au trading de devises et demandez conseil à un conseiller financier ou fiscal indépendant si vous avez des questions.
Toutes les données et informations sont fournies "en létat", uniquement à titre dinformation, et ne sont pas destinées à des fins de trading ou de recommandation.
Les performances passées ne sont pas indicatives des résultats futurs.