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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. #11
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    Quote Originally Posted by galadiator View Post
    These all are essential to make our trade better and minimum risky if we are following a good pattern in trade so that will give good ideas for trading and we face minimum risk also so for trader it is most important we chose our trading strategies and the best way to execute it in this way it will be beneficial .
    We all need to trade on forex with low risk and these all four things are help traders to understand this market and its trend well and if we are follow the market trend with these type of good trading strategies then its make easy for traders to earn money from forex on daily basis and I like your opinion which is really helpful for all of us.

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  3. #12
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    These four rules of trading are so much important for all traders and traders who are trade with proper planning and use discipline and risk management they will never lose their money. One another thing which is patience that is also very important for traders. If traders have patience then they can earn some big pips earning easily from this business.

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  4. #13
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    Risk management is often not considered whenever we plan our strategies, unfortunately that is the most critical part outside the psychological aspects that has to be prioritized as number one, Forex trading is too risky for us to trade without a plan that involves how to properly manage our risk, discipline is the ingredient that will put that risk management into effect, without discipline, we should forget about Forex trading.

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  5. #14
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    Quote Originally Posted by biru View Post
    In forex traders learning is so much important for them and if traders are focus on their learning and use their experience they can make easily every day profit on this business. We must focus on learning because without learning its not possible to make profit on forex business and if we are use a profitable trading strategy and follow it with good risk management and discipline then its easy for us to make huge profit from this business.
    Learning and success going side by side if a trader is learning on daily basis so our chances for success is increase and a trader who stop learning process most of time we face failure we have to be work with the best trading plan and with good strategies so it will became better and give good assistance for profitable plan .

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  6. #15
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    basically many think because a strategy is working for one person the strategy must work for them as well,we need to understand there more to any strategy that work for one trader and this is why as a trader what we need is better understanding on the strategy used a trader,when we have a good understanding on the strategy used then we might be able to earn as a trader.

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  7. #16
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    Discipline in trade is as important as trade itself. The trade world is full of it's risk and profits, so for one to be effective in trade with no regrets discipline must have its way. And one the importance is in understanding the concept of your trade and knowing when to stop and when to continue.

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  8. #17
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    Quote Originally Posted by Codezero View Post
    Discipline in trade is as important as trade itself. The trade world is full of it's risk and profits, so for one to be effective in trade with no regrets discipline must have its way. And one the importance is in understanding the concept of your trade and knowing when to stop and when to continue.
    Traders knowledge and their learning is so much important for them and traders who are learn this business well they will be able to earn easily good profit from forex market. If traders want to earn money then they must follow proper risk management and do trade on forex with discipline and proper planning.

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  9. #18
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    This is very easy to make a profitable trading strategy for earn daily basis good profit from forex market. If you are work hard and use good and effective trading methods in trading then you will always make some good profit on this business. To use a profitable trading strategy we must use god and effective trading strategies that are lead traders towards the success of this business.

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  10. #19
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    Those mention basics are all essential for a successful trading with this basics available in your strategy, your strategy is likely to be profitable most of the time, without this basics in a strategy it will be hard for such strategy to function properly, that's why we need to acquire those ingredients.

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  11. #20
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    Every trading strategy have to contain the following listed above but I will like to talk more about the topic of risk management this is very important because the business is full of very high risk that trading it without a proper risk management knowledge is very bad.

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