The less complicated trading system

The less complicated trading system is the best methodology. There are heap of people who like confounded trading system. I think everything depends on individuals. Find what you are good at, use that. No matter whether it is simple or complicated strategy.

To make money from this market, you need proper knowledge and skills. Without knowledge, you can not make money from this market.

Of course, many people use basic strategies and achieve excellent results. This is a fact. Just choose what you like.

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Money management and risk management should be maintained to make money in the Forex market. It is never possible to become a profitable trader without acquiring trading knowledge.

You can make your own strategy and plan and start making good profit in Forex trading.

Shardie posted:
Of course, many people use basic strategies and achieve excellent results. This is a fact. Just choose what you like.

That's absolutely true. Many traders use only price action without any indicator and even achieve excellent results.

Shardie posted:
Of course, many people use basic strategies and achieve excellent results. This is a fact. Just choose what you like.

There is no rule like, more complicated the strategy more the profits. Its funny if people think that way. 😀 In fact, using complicated strategies results in a lot of confusion which further leads to losses. Its better to keep a strategy simple and grab in all the meat. 😈

LyudmilLukanov posted:

Shardie posted:
Of course, many people use basic strategies and achieve excellent results. This is a fact. Just choose what you like.

That's absolutely true. Many traders use only price action without any indicator and even achieve excellent results.

Yes you are right. Even during a pandemic. Profitability indicators have increased

Even a complex approach can be divided into parts to understand it better.
And of course, practice-practice-practice. It is always useful.

It is never possible to make a trading profit without knowledge. A trader can make a lot of profit if he gathers knowledge through proper practice.

What difference does it make if you make money. New strategies appear every day and you are free to choose and experiment.
Good luck!

As long as if it works for you, then that is the best strategy for you. Don't let other opinions change your view.

Simple is better in every sector. Forex is no different.

Simple trading strategy is good. Newbies should not go for complicated strategy. But it is also true that the best strategy is the strategy that you understand the most.
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Forex trading is like as art business, there are so many trading strategies in forex trading, but trader have own selection to choose an appropriate trading strategy, a simple trading strategy is an easy way to make plan trading, complicated trading strategy not guarantee if then will always profitable, but trader need to make trial and error to become profitable trader, they learn detail for every single mistake

Simple strategies do NOT work. I know that we all want them to work but if they did then we would all be rich. Just think about that. Only complex strategies work. That may be difficult to hear but it is the truth

Gavik posted:
Even a complex approach can be divided into parts to understand it better.
And of course, practice-practice-practice. It is always useful.

I doubt that. Complex strategies cause more confusion. These might be good if you are very well experienced and do manual trading but for beginners who rely partially on trading robots, a simple strategy would be more helpful.

When you are having a complex strategies, they get very difficult to maintain if you are not experienced, just like the one above said it. Plus, why hassle with everything with just for the sake of strategy? Always keep your strategy brief and offering a good result in your trading.