a good trading strategy

in this stock market traders always looking for a good trading strategy to keep survive in here successfully , but getting accurate trading strategy is a big deal , within very short time there is no way to found that , we need to keep practice to make our strategy more powerful and for that patience is vital part in our trading life.   

result from any strategies not only depends on trading skill or experience but also depends on the capability about your money management, so develop your MM and bring good result by scalping or others.

Scalping is a trading policy that brings profit in a short time. From all trading approach scalping is mainly considered as a most usable and profitable trading strategy. We the traders who are particularly scalpers have to choose the broker who allows this trading concept such as this without any restrictions.

successful traders don't follow others strategy and rule , they are always confident about their knowledge and experience that acquired by passing a long time with great patience.

as a newcomer i was successful with BB in demo but when kicked off a live account , this approach not worked as like before , it was my experience about BB.

Imamul posted:
successful traders don't follow others strategy and rule , they are always confident about their knowledge and experience that acquired by passing a long time with great patience.

Sure but what if you are currently an unsuccessful trader who wants to become a successful trader? You need to find a strategy that you can use

@Mohammadi

Yes truly said, Mr. Mohammadi. There is no particular strategy to follow or steps to follow for trading. Everyone has there own strategy depending upon there experience and analysis. So you can get by just reading 'how to do stock trading' or 'how to become stock marketer'. So the best way to become a top trader is to practice on your own by investing in the stock markets. Also, along with investing in the stock markets, one can follow stock market news websites and stock market discussion forums so that you keep yourself updated. Like I follow myfxbook, hotcopper, kalkinemedia etc.

which strategy is more appropriate for newcomers it depends on trading performance, should focus also money management for avoiding unfortunate losses.

No trading strategy is universally good. Every person has a different trading style and experience and so strategies differ accordingly.

jakes90 posted:
No trading strategy is universally good. Every person has a different trading style and experience and so strategies differ accordingly.

There must be universally good strategies out there. If a strategy is truly good and profitable then it will work for all users

its more important to find a better strategy which work at least 70% plus. because most of the trading strategy work for very short time.

jakes90 posted:
No trading strategy is universally good. Every person has a different trading style and experience and so strategies differ accordingly.

I agree,there is no best strategy at all. Which strategy suits you would depend on how much time can devote to trading, what are your financial goals and risk tolerance etc. Hence, you need to yourself test strategies and find out which strategy works for you and which doesn’t.

Imamul posted:
its more important to find a better strategy which work at least 70% plus. because most of the trading strategy work for very short time.

true! most of the startegies don't work for long time

birthtamper posted:

jakes90 posted:
No trading strategy is universally good. Every person has a different trading style and experience and so strategies differ accordingly.

There must be universally good strategies out there. If a strategy is truly good and profitable then it will work for all users

Don't you think if this is the case then that particular strategy would have been really popular by now

Not necessarily true. People do have the ability to keep things secret. If I had a good strategy then I would not tell anyone.

Artemsb posted:

birthtamper posted:

jakes90 posted:
No trading strategy is universally good. Every person has a different trading style and experience and so strategies differ accordingly.

There must be universally good strategies out there. If a strategy is truly good and profitable then it will work for all users

Don't you think if this is the case then that particular strategy would have been really popular by now

No. Because if someone has a working system that is applicable to all market conditions, they aren't going to tell anyone about it. Or at least not the full details of it. But even if they DID tell everyone, do you think people would actually pay attention and listen? No of course not, because most people over complicate everything in trading and are always looking for 'fast cash' and 'the holy grail' and trading.


Here.... How about this, I will tell you the EXACT SECRET that everyone overlooks when trading.
This is 100% applicable across ALL market conditions.

You want to know the secret of profitable trading? STOP MAKING BAD TRADES.

The market only do one of three things. That's it, it can't do anything else.

1: The market can go up. (BUY when this happens)
2: The market doesn't do anything substantial. (DON'T TRADE NOW)
3: The market can go down. (SELL when this happens)

There isnt any 'elite secret' other than 'STOP TRADING BADLY'.

Use proper risk management.
Automate where possible.
Trade 100% without emotions.
Use realistic and reasonable STOPLOSS settings.
Use realistic and reasonable TAKEPROFIT settings.

Yes it IS this simple. People over complicate EVERYTHING in trading because honestly they have no idea what they're doing most of the time. Just stop trading stupidly, that's it. Nothing more.

If you use proper risk management, you can become profitable.
When an account gets blown, it's entirely the traders fault.
The EVENT that caused the loss of the account is irrelevant.
The fact that the account is blown IS the traders fault because the account was not protected properly.

steve_25 posted:

jakes90 posted:
No trading strategy is universally good. Every person has a different trading style and experience and so strategies differ accordingly.

I agree,there is no best strategy at all. Which strategy suits you would depend on how much time can devote to trading, what are your financial goals and risk tolerance etc. Hence, you need to yourself test strategies and find out which strategy works for you and which doesn’t.

Exactly..

Roberto21 posted:
as a newcomer i was successful with BB in demo but when kicked off a live account , this approach not worked as like before , it was my experience about BB.

Only BB? Frankly, it’s not enough! Forex is not only about indicator based trading. You need to make sure good chart reading skill as well as news trading skill.

A good strategy can make you rich in this market. You need to have the proper knowledge and experience about forex to make a good and profitable strategy.