Ready made strategy doesn't

Ready made strategy doesn't help at to develop your trading skills. As you newbie you have to learn how price works, how an indicator works, why and when an indicator gives any buy or sell signals. When you are newbie, you are like an intern. You work to learn the skills not for money.

I have tried automated trading a number of times but it is only manual trading that I like more because it makes me the master of my own trades.

Try to build one for yourself with your own trading style. That is the proper way.

LyudmilLukanov posted:
Try to build one for yourself with your own trading style. That is the proper way.

Ready made strategy may not suit every trader. So, try to make your own strategy to build a good trading career.

Ready made strategy is never gonna help you in the long run because what may work very nicely for someone else may be a disaster for you. So, formulate a strategy based on your own personality and goals.

Ready-made strategy is not good. It doesn't work very well. To work a strategy we need to customize it according to our trading psychology. Do experiment, you will be able to make your own strategy.

Nothing is ready made in this world so how it can be on forex trading? We should always try to look into the possibilities of making new strategies for our trades although it is time taking but it is in accordance with your trading style only.

Ready made strategy is basically another way of implying that you are lazy to make your own strategy so you rather want to use someone's strategy which is not good mindset if you are committed in making profitable trading. Beginner can use these strategy to learn and improvise for their trading.

winning_trades posted:
Nothing is ready made in this world so how it can be on forex trading? We should always try to look into the possibilities of making new strategies for our trades although it is time taking but it is in accordance with your trading style only.

Ready made strategy may not suitable for every trader. so, making the strategy from your own is the best option.

UweMoench posted:
Ready made strategy doesn't help at to develop your trading skills. As you newbie you have to learn how price works, how an indicator works, why and when an indicator gives any buy or sell signals. When you are newbie, you are like an intern. You work to learn the skills not for money.

I agree with you. every strategy doesn't suit every trader.

Ready made strategy might become ineffective if they are not tuned to constant changes as the market is never static and keep on constantly changing in nature.

I honestly don't think they work either as a strategy is very personal and so will always need to be bespoke.

It is necessary to look from the other side at the ready made trading systems. Why not consider ready made systems trading as a prime example of what a system might look like? This will certainly not give you a trading experience, but you will know a little more about the market and the possible trading options. As an example, you need to read enough books to be able to write your own.

MarcellusLux posted:
It is necessary to look from the other side at the ready made trading systems. Why not consider ready made systems trading as a prime example of what a system might look like? This will certainly not give you a trading experience, but you will know a little more about the market and the possible trading options. As an example, you need to read enough books to be able to write your own.

Every strategy doesn't suit every trader. So, traders should pick the best strategy for them.

I also led to the conclusion that the best trading system is one that a trader makes personally. The suit must be tailored to fit.

A ready-made forex strategy will give you an experience of real trading very quickly, so you can switch to a different strategy easily when you become a more experienced forex trader.

I wouldn't be so radical while talking about ready-made strategies. It depends on the traders themselves and their critical thinking. As for me, I understand the given information better when I see the examples of how this or that knowledge is implemented on practice. The same is a bout trading strategies. I can look at some trading strategies which are available with the help of other traders and test them and try to analyze what they lack and what their weak points are. Everyone should understand that trading strategies should always be modified according to the market. It is next to impossible to find some strategy and use it in your trading all the time with success. More than that, people are different and as they say, one man's meat is another man's poison. So, they should be altered according to your personalty and mentality.

It is important to understand that sometimes strategies may not work. For the situation on the market can be completely different.

I would advise all the same and try to learn what and how. Because you won't earn much on a finished product.