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How to build a good trading strategy?
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prakash104

Biedrs kopš Feb 07, 2016  18 ieraksti prakash (prakash104) Jul 11 2016 at 05:51
My forex trading success is due to two things.

1st - trading method
2nd - self discipline

               A professional forex trader will use a simple forex trading method.It won't be a complex method.Many losing forex traders don't have any good strategy to trade forex. They may be using multiple techniques and different time frames.The key to success in forex trading is you must have a well defined simple trading strategy.

                     If you are using multiple techniques, then take a resolution from here onwards not to use them.Use only one or two techniques.Never change your strategy and time frame because there is no holy grail in forex trading.All strategies will fail at any time.

"Slow and steady wins the race"
Hero76

Biedrs kopš Jul 13, 2016  39 ieraksti Hero76 Jul 14 2016 at 06:17
Good strategy is experience mixed with smart brains and still nerves. Observation and attention to detail and to the indicators. Fundamental analysis, news analysis, knowledge of each other and its collaboration - that’s the way it works. Or go make some scalping lol

sparkerse@
AlGauthier

Biedrs kopš Nov 13, 2015  35 ieraksti Alexandre (AlGauthier) Aug 07 2016 at 12:26
For me the best way to build a good trading strategy is true practicing and learning from your mistakes. No matter how much books you read the knowledge will never be full without real actual trading, simply because market is kind-a hard to predict. For this purpose I prefer to use demo account to test different ideas/ strategies ect.

A knight's tale!
armilat2

Biedrs kopš Oct 07, 2014  1 ieraksti ARMILAT (armilat2) Aug 08 2016 at 05:19
Most successful traders use a mechanical trading system .
This is no coincidence. A good mechanical trading system automates the entire process of trading. The system provides answers for each of the decisions a trader must make while trading. The system makes it easier for a trader to trade consistently because there is a set of rules which specifically define exactly what should be done. The mechanics of trading are not left up to the judgment of the trader. If you know that your system makes money over the long run, it is easier to take the signals and trade according to the system during periods of losses. If you are relying on your own judgment during trading, you may find that you are fearful just when you should be bold, and courageous when you should be cautious. If you have a mechanical trading system that works, and you follow it consistently, your trading will be consistent despite the inner emotional struggles that might come from a long series of losses, or a large profit. The confidence, consistency, and discipline afforded by a thoroughly tested mechanical system are the key to many of the most profitable traders' success.

armilat2@
SaltyWaters

Biedrs kopš Mar 22, 2010  238 ieraksti SaltyWaters Aug 10 2016 at 01:38
armilat2 posted:
Most successful traders use a mechanical trading system .
This is no coincidence. A good mechanical trading system automates the entire process of trading. The system provides answers for each of the decisions a trader must make while trading. The system makes it easier for a trader to trade consistently because there is a set of rules which specifically define exactly what should be done. The mechanics of trading are not left up to the judgment of the trader. If you know that your system makes money over the long run, it is easier to take the signals and trade according to the system during periods of losses. If you are relying on your own judgment during trading, you may find that you are fearful just when you should be bold, and courageous when you should be cautious. If you have a mechanical trading system that works, and you follow it consistently, your trading will be consistent despite the inner emotional struggles that might come from a long series of losses, or a large profit. The confidence, consistency, and discipline afforded by a thoroughly tested mechanical system are the key to many of the most profitable traders' success.


Very well said bro!

The only way to end Poverty is by getting rich. Do your part, start now. The sky is not the limit, your mind is.
Edward16

Biedrs kopš Oct 07, 2016  10 ieraksti Edward16 Oct 16 2016 at 06:50
As above said, it’s absolutely true that good trading strategy can be actually built by trading on your own. Because no books can teach you as much as you can learn by analyzing.
One need to have proper plan for trading, self confidence and needs to be mentally prepared to take risk and bear losses if any. One also needs to set goals want to achieve and re-assess them regularly.
Apply a simple trading strategy, keep calm and trade with self discipline.

mr_cenk

Biedrs kopš Mar 14, 2016  44 ieraksti Kartal (mr_cenk) Oct 17 2016 at 15:23
Without repeating what everybody said so far, building the perfect strategy, also means to be able to adapt to different situations, as things in our time are changing rapidly every second.

Janeo

Biedrs kopš Sep 14, 2016  18 ieraksti Janeo Oct 17 2016 at 15:25
A good strategy is combination of fundamental and technical analysis designed based on your own trading experience . Place your trade based on knowledge of each and every aspect. Stay confident, disciplined, patient, optimistic but keep only realistic expectations. Keep on practicing, refine your trading skills by learning from your mistakes.

olivia_jones

Biedrs kopš Sep 15, 2016  23 ieraksti olivia_jones Oct 18 2016 at 06:34
A good trading strategy is the portfolio of various strategies known and applied in different situations. Knowing how to adapt and apply the strategies to all the market conditions is one of the key requirements to build a good trading strategy.

zooz10

Biedrs kopš Sep 27, 2016  2 ieraksti Ahmed (zooz10) Oct 18 2016 at 14:59
I found the best but i don not have a money to invest

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