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  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. #21
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    These all fours guides are really helpful for us and I am sure that traders who are not use them they are lose their money. Discipline is really important part of forex trading which is help us to understand and work well on forex trading. Mostly traders are also not use a good risk management on their trading which is also a big mistake that traders are make on their trading.

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  3. #22
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    If it comes to keeping and making a good profitable trading strategy, lets look at the use of the trading with journal, because we would want to be able to keep consistency with the way we trade. If we are consistent with the journal, we can find simple mistakes and see that fixing it will help us improve in the way we trade the market, A good profitable trading strategy isn't complete without evaluations.

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  4. #23
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    Quote Originally Posted by Lyon View Post
    If it comes to keeping and making a good profitable trading strategy, lets look at the use of the trading with journal, because we would want to be able to keep consistency with the way we trade. If we are consistent with the journal, we can find simple mistakes and see that fixing it will help us improve in the way we trade the market, A good profitable trading strategy isn't complete without evaluations.
    yes and other people also share their ideas and mostly they give us correction as well, but all people can not guide us in well way so keep this thing also in mind, try to accept advice from all people but understand their advises and then learn from them and use them for benefits, our learning and our knowledge is everything for us we can make huge money if we use our time in right way in trade

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  5. #24
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    Every trader gone through these trade ideas if we really want to make our trade are perfect i like to work with these profitable trade strategies and these will give good option for work and it is possible if we are using right system in trade with perfect knowledge and with right trade ideas we used for planing , so we have to follow these simple 4 step our trading results will boosted .

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  6. #25
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    We all need to work hard on forex trading because without work hard traders future is nothing on this business but if traders are learn this business well and focus on their learning they can get money from it. You are give us nice opinion which is definitely help us to work well on this business and help us to earn daily basis good profit from this business.

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  7. #26
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    Quote Originally Posted by abhil View Post
    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.
    You can first make and choose some trading strategy with properly learning and make it with experience then you should create it easily and get good earning. Almost expert trader spend more then time to learning and get knowledge about all business however he should easily create strong or profitable trading strategy and get more then earning from it easily.

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  8. #27
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    It is true that we all are talking about strategy in the market but neglect to think or talk about the importance of psychological, discipline and risk management in forex trade without all this basic facts of a trader then the strategy that the trader makes use can be useless and no possibility of making profits from the market, so it is necessary that we have to think of what can make us to achieve our aim in forex market in all time.

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  9. #28
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    This is really important for traders to know that which trading strategy use is best for them because when traders are use a good and effective trading method their earning will become easy for them. If traders are use easy trading methods they can make easily big profit on forex and their success will become really easy. I think risk management is the most important thing from all of these which traders are not follow in their trading.

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  10. #29
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    Your trading tips are good and according to the point. When we start work on forex then we must work on it with discipline because without it we cannot survive on forex. If we will follow the good risk and reward ratio trades then its become easy for us to earn daily basis profit on forex business and we will get success easily on forex trading.

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  11. #30
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    With a good discipline mindset traders can achieve anything in the market. Honestly how to make a profitable strategy with the help of all this 4 ingredients accord to what the trader says is a good thing but in all it is our experience and understanding that will help us to succeed in following all this steps that you have stated in this thread.

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