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Thread: How to make a profitable strategy (4 ingredients)

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    How to make a profitable strategy (4 ingredients)

    A strategy that works well for you does not automatically means it will work for other traders. It is because strategy is just a tip of the iceberg.

    There are mainly 4 ingredients:

    1. A statistical edge (trading strategy)
    2. Risk-reward management (Profit taking and proper stop loss placement)
    3. Psychology - everyone has different psychological make-up and level of fear, or emotional response when it comes to risk taking, losing and winning.
    4. DISCIPLINE - not everyone is disciplined. In fact, without discipline, no strategy works at all. A disciplined person does well not only in trading but in all fields like sports, business or sales, among others.

    Everybody is talking about strategy but very less are talking about discipline, psychology and risk management.

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  2. #1451
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    Through learning we will be opportune to build a profitable strategy that will give us all the possible plans to earn from this trade. A profitable system is for our own good and through the demo practice we can however build a system that will consistently help us with profits. It will get hard if we don't have a plan to handle risk and see we can as well build a strong system that will work out good for us at the right time.

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  3. #1452
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    Quote Originally Posted by Ulthred View Post
    Through learning we will be opportune to build a profitable strategy that will give us all the possible plans to earn from this trade. A profitable system is for our own good and through the demo practice we can however build a system that will consistently help us with profits. It will get hard if we don't have a plan to handle risk and see we can as well build a strong system that will work out good for us at the right time.
    We need to be smart enough to have a strong strategy that guides us to find opportunities in the market, those without strategy are merely gambling in Forex. So to develop our trading strategies and techniques the best possible way is being serious with our learning. Making money is about implementing our strategies by being discilined with risk management.

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  4. #1453
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    i see, as the foundation to be a trader are about enough skill and knowledge, good money managements and stable psychologies and so we see these three things become one package which have to mastered well, and with them, and so we know how to build a trading system which is suit with own styles or talents then we know the weakness and how to complete and even develop them for best performance to trade at the market
    we see that psychology has big roles to determine our position at this business where all decision must be set under it

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  5. #1454
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    The experience of traders is one important ingredients which is involve to earn a profitable trade and with the power of good knowledge and own trading interest will help in learning various things which give us the proper trade process and through best trade skills and good trade strategy for working we will sure to get success in whole career so we must take knowledge first and then we should get good skills about management the risks in the right ratio .

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  6. #1455
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    There are plenty of strategies that we can choose to trade with but to make any of them profitable then we need to study and understand the rules of the strategy, a strategy will only be profitable when we comply with its rules, so for every new trader's we learn to trade with we have to make sure that we comply with the rules.

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  7. #1456
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    Make profitable strategy for trading are not simple matter for trader you have need to good learning and spend the more then time to properly analysis the market and try to getting good knowledge about market all breakout point well after it you should make safe and successful profitable strategy for trading and increase everyday good profit from it.

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  8. #1457
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    When you take your demo trading very seriously, you are likely to construct a very profitable strategy, because learning is all that we need to make every step simple and easy for us, in as much we are very interested in learning before trading, then we can construct a very profitable strategy and good skills before trading in the live account.

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  9. #1458
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    You can become a profitable trader all by yourself, you should be able to know what approach to be used, it won't be easy, you will make a whole lot of mistakes as well, but what matters is that at the end of the day, you should be able to make the best decisions regarding how to trade the market. Decision in trading should be obtained through a strong means and method of making analysis.

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  10. #1459
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    There are no trader which is start work on forex trading if any trader is do this mistake they will definitely lose their money. Only simple and easy trading methods are give us success on forex and follow the market trend with highly profitable trading methods traders will understand the market trend well and their success is become easy when they are trade with patience.

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  11. #1460
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    Quote Originally Posted by Eneregha View Post
    When you take your demo trading very seriously, you are likely to construct a very profitable strategy, because learning is all that we need to make every step simple and easy for us, in as much we are very interested in learning before trading, then we can construct a very profitable strategy and good skills before trading in the live account.
    There is no lie about your statement, the demo has to be taken seriously, it is what i know that can make traders to work in the market and know all what it takes to trade the market in the successful way. It is a good idea to learn all what this thread starter has explained here, the demo will let you know whether they are the right thing to do or not. It is the results you are getting through them that will be the judge of it all.

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