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

  1. #1
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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. #1721
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    We should gain big profit from this market only if we have good and excessive knowledge about the market , with the help of learning and with better chances of trade will give trader always opportunity to work properly , we have to make it sure we are trading in proper way and our trade plan is going to be successful with it .

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  3. #1722
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    Quote Originally Posted by tejaravi View Post
    It is true if we want to have success in this market we have to make it sure we are trading with the best trade strategies working in market is possible for us with the practice and with the learning so market will give trader always opportunity to work safely and our trade plan also give us success .
    Yeah everybody here want to make money and every trader try its well to approach on success by any method so the traders if follow the right working systems and also having the good knowledge and good learning skills related to their working methods then they can easily attain the maximum chances of success with enjoying profits a lot .

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  4. #1723
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    Forex strategy has to be strong, and we need to work on a strong management with it, that is how profitable trading atmosphere could be created. If traders want to earn money from forex they must focus on make strong trading plans and use these profitable tips in their trading. I believe that trend is the basic thing with the follow the trend of market we can approve our success.

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  5. #1724
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    Every trader should be well ready to learn because the right knowledge will give them the very chance of building up a winning trade in time. A good profitable strategy will give traders the very chance to earn well from the market and it will be interesting to build one that can give us the means to earn good consistently. Building a profitable system will be for our own advantage and see we can have what it takes to make real profits.

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  6. #1725
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    There is nothing as important as patience when we are trading the Forex market, this is not something that I think is negotiable, patience is sacrosanct to the success that we hope to accomplish from this market, sometimes we want to exclude this as one of the ingredients to become successful, but if we don't have the basic understanding about this, eventually we will lose.

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  7. #1726
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    Forex is risky trading business and if traders are not care on their trading they will lose their money. To follow the market trend this is must for us to choose a good trading strategy ad then to follow that trading strategy with patience because traders patience is the only thing which is give them good and profitable trades every day.

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  8. #1727
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    If anyone is not disciplined in the forex market, there are many opportunities that won't come to the individual, this is why we should be careful about our trading approach so that we won't make losses, discipline is necessary to make a trading strategy work, someone who takes this as less important won't make money like those that understand it well enough.

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  9. #1728
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    We can enjoy lot of the chances of winning profits only if we having the profitable trade systems so we have to use the better working skills and learning also possibly which indeed much important to take the better chances of success so having the knowledge and good power of understanding all important to taking the benefits through it .

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  10. #1729
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    Making our trading strategies become very profitable is possible but first we must be learning how the forex market works and practicing on the demo trading accounts over time as to get to master the field of forex trading market over time. In fact we should be willing to get to learn with the trading tools that we want to start trading on the demo trading accounts and as such as shall be able to start developing good trading skills and increase the level of our knowledge and experience over time.

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  11. #1730
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    First of all we must have need to be aware that a trading strategy have no much importance in our trading career compared to other factors like money management and psychology your Forex trading that how to control emotions. Second, if a trader really want to make a trading strategy successful then he must have need to follow first these two rules then his trading strategy will become simple and easy for his technical analysis.

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