Complicated strategy is not good

Jan 10, 2021 at 16:50
1,725 Views
28 Replies
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.
Biedrs kopš   617 ieraksti
Apr 04, 2021 at 11:09
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.
Biedrs kopš   886 ieraksti
Apr 05, 2021 at 07:53
all trading strategy be more complicated when you have very poor money management , so should emphasis on money management first.
Biedrs kopš   90 ieraksti
Oct 04, 2021 at 11:56
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?
Biedrs kopš   20 ieraksti
Oct 23, 2021 at 15:16
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.
Biedrs kopš   477 ieraksti
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.
Biedrs kopš   139 ieraksti
Oct 23, 2021 at 16:16
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.
Biedrs kopš   617 ieraksti
Oct 27, 2021 at 12:44
@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.
Pieslēgties / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Spams netiks pieļauts, un tā rezultātā var slēgt kontu.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.