A good strategy can

A good strategy can give us good profit. But it is not just strategies. Risk management and emotion control are equally important. By combining all these you need make a good trading plan. It will give you a strong hold on profit.

UweMoench posted:
A good strategy can give us good profit. But it is not just strategies. Risk management and emotion control are equally important. By combining all these you need make a good trading plan. It will give you a strong hold on profit.

It is not possible to make a profit without a good strategy. However, trading discipline must be maintained. It is possible to earn profit by trading according to plan and discipline.

A good strategy is one of weapons of trading. It's a must but not everything. Along with a good strategy we also need to know how to use the strategy effectively without being affected by our emotions.

A good trading strategy is essential for making consistent profit from the trading market.

Most traders feel that trading is all about strategy. They search for it everywhere. They believe there's one strategy that will make them wealthy. They never try to recognize that the success of a plan mainly depends on the individual it's using. Strategy is only a single element of successful trading.

The right balance between risk management, money management and using profitable strategies is the key to developing a profitable system that generates very good returns. If people can understand and work accordingly, nothing can stop them from being successful.

bernardmack posted:
The right balance between risk management, money management and using profitable strategies is the key to developing a profitable system that generates very good returns. If people can understand and work accordingly, nothing can stop them from being successful.

I agree with you buddy!
Along with these, controlling emotions while trading is also very important to take informed decisions.

Every trader needs a good strategy in order to make good results and profit.

Yes, that's right. A good strategy helps to bring profit but in this case, money management and risk management need to be controlled. Emotional trading should not be done.

AliaDare posted:
Yes, that's right. A good strategy helps to bring profit but in this case, money management and risk management need to be controlled. Emotional trading should not be done.

Exactly, emotional decisions always ruin the trading, it is very important for every trader to avoid it to get the best results.

CocoChannel posted:

AliaDare posted:
Yes, that's right. A good strategy helps to bring profit but in this case, money management and risk management need to be controlled. Emotional trading should not be done.

Exactly, emotional decisions always ruin the trading, it is very important for every trader to avoid it to get the best results.

Yes, emotional trading can ruin an investment. If a trader trades by managing the right strategy and emotions, he will be able to make a profit.

Kill emotional trading then you have a good strategy built, i don't trade with emotions and the daily results is always profits as I'm day trading and always make sure to secure and close my profits daily, except i want to trade through asian open then i let trades run over to the next trading day.
But i most close trades each weekends so i always plan my trades and trade my plans.

I think we should not follow a strategy blindly. A strategy working for one may not working for others due to different trading personality. Everyone has different psychology. In my opinion best option is customize a strategy according to your trading personality.

Develop your stategy and dont try to use others own, my own strategy is what i use to make profits

Please what dont you feel comfortable with? I don't understand and kindly explain. It seems you dont know what mt4 is, explain what you mean.

A good strategy always helps a trader to make his trades in the right way and can become successful in trading.

A strategy when made after the proper research of the market always helps in making trading profitable.

Dictiony posted:
A good strategy always helps a trader to make his trades in the right way and can become successful in trading.

A good strategy is needed to make a consistent profit in trading. If the strategy is not right, the chances of loss are high.

AliaDare posted:

A good strategy always helps a trader to make his trades in the right way and can become successful in trading.

A good trading strategy can make a profit on the end, there are strategy with small pips target but bigger stop loss, and there is a strategy with small stop loss and bigger target, both has own advantage and disadvantage, small target if always hit will making good profit but once loss can be lost all profit, tight stop loss maybe often hit stop loss but once profit can recover the loss.