Whats your opinion on the most important aspects of a trading system

I think that all traders have to be glad with their results, because when a trader isn't happy with the result, then he/she lets the emotions take the control over him/her. If we speak about these aspects, then I would note that traders should wiesely approach to the task of describing their opinion toward these aspects. Of course, today traders aren't able to learn and practice, because they're eager to receive fast money. However, I believe that there is no fast money in trading at all. The main feature of trading activity is the ability to develop your skills until you become a real professional.

Well, in my opinion, the right combination of all these factors lead to success in forex trading. Most importantly, risk management and expectancy play key roles in determining trades and success while trading. It is essential to analyse a number of factors before making trades in order to minimise losses and be a long-term player in this field.

Making money is easier than maintaining it, so learning disciplined risk management can help you survive. make a profit and cut a loss.

The best way to find a system or strategy is to trade with a demo account. Experiment with different systems and strategies in your demo account and master one first.

In my opinion the most important aspect that should be possessed by all traders should be risk and money management strategies. It is the root behind the success of any trader.

I have large drawdowns but the reason I have $500k account is that I use VERY high-risk reward ratios. As high as 55 times. This level cannot be achieved without knowing the target price with absolute certainty. Once I was able to target price reversals 100s or pips in advance sometimes even 1200 pips as with EURNZD I can set high-Risk Rewards. See the past charts that I have not removed yet.

Identifying the right entry and exit point in trade and using a risk management strategy are the two most important things that every trader should know while trading.

Your exit strategy is very important. It doesn’t only let you stick to your trading plan but also eliminates emotions to a great extent.

It’s not worth trading if you don’t have a money management strategy. The market is so alluring that you may want to put all your money into it. But it would be done efficiently only if you have a well-built money management strategy.

It has to be your strategy. Your strategy is not less than the soul of your trading plan. It doesn’t only tell you when to move but also when to stop. It tells how many trades you should execute and when you should close your trading positions. And it also tells you how much you should use per trade and how much you can afford to lose.

Risk management is surely the most important aspect of your trading strategy. When you have a risk management strategy handy, you know how to handle losses and how to keep trading in all market situations.

According to me, it has to be staying consistent in profit making strategies. It is every trader’s end goal and the reason people invest. A strong risk management plan is necessary to make it for a longer period in the tricky market conditions.

Most important in my opinion are risk and money management techniques and you can’t achieve success without employing them. Here are a few factors that should always be considered before making trading decisions:

Having a risk reward ratio is essential

Using stop loss

Backing decisions with a set of smart trading strategies

Also, it is always beneficial to plan entry and exits before entering a trade

According to me the key aspect to success is effective management. For successful trading, both risk and money must be appropriately handled. With this working on the plan on a regular basis is also beneficial.