How to make a profitable strategy (4 ingredients) - Page 5
Page 5 of 174 FirstFirst 1234567891555105 ... LastLast
Results 41 to 50 of 1740

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

  1. #1
    Trader
    Join Date
    Oct 2018
    Posts
    626
    Thumbs Up
    Received: 10
    Given: 3

    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.

    Not allowed!

  2. #41
    Trader
    Join Date
    May 2018
    Posts
    1,202
    Thumbs Up
    Received: 4
    Given: 0
    you are absolutely right these four tools are very helpful for a trader to survive in the market for a long time period if you have a strong strategy wit a good money and risk management than you can minimize your risk to loss and if you have patience and disciplined than no one can stop you to be successful in this risky market. so we should follow these points.

    Not allowed!

  3. #42
    Banned
    Join Date
    Feb 2018
    Posts
    4,206
    Thumbs Up
    Received: 13
    Given: 5
    There are various parameters are involves to form a profitable trade for the traders is the most probable things are the the selection of good trade strategy and management skills of a traders with having experience , these all are the most effective things that contribute for winning profitable trade .

    Not allowed!

  4. #43
    Trader
    Join Date
    Mar 2018
    Posts
    2,074
    Thumbs Up
    Received: 21
    Given: 14
    To choose a profitable trading strategy traders are need work hard on forex business. If traders are focus on their learning and use a profitable trading strategy with care they will never lose their money. If traders are follow the market trend with proper planning they can make every day profit and the most important thing for traders to use good risk and reward ratio in trading.

    Not allowed!

  5. #44
    Trader
    Join Date
    Dec 2016
    Posts
    4,841
    Thumbs Up
    Received: 17
    Given: 2
    All this steps can help us to make a good and profitable strategy but is how a particular trader go about the use of all this 4 ingredients effectively that he/she can be able to gain a profitable strategy in the market. Making a profitable strategy in the market is not something that is very easy for newbie traders to do but with the help of learning and practicing the very well he/she can achieve it.

    Not allowed!

  6. #45
    Trader
    Join Date
    Oct 2018
    Posts
    626
    Thumbs Up
    Received: 10
    Given: 3
    Quote Originally Posted by coolless View Post
    All this steps can help us to make a good and profitable strategy but is how a particular trader go about the use of all this 4 ingredients effectively that he/she can be able to gain a profitable strategy in the market. Making a profitable strategy in the market is not something that is very easy for newbie traders to do but with the help of learning and practicing the very well he/she can achieve it.
    These all things traders are learn when they are start this business. If traders are follow these thing in start of this business and when they are practice on demo trading account they are focus on these things. Then its easy for them to trade with proper way and they can make easily big profit on this business to follow the trading rules.

    Not allowed!

  7. #46
    Trader
    Join Date
    Apr 2018
    Posts
    3,659
    Thumbs Up
    Received: 29
    Given: 13
    Mostly traders are not follow the good risk management on their trading. If traders want to make a profitable trading strategy they must focus on their learning, discipline, risk management and trading psychology. Then they will be able to make easily profit n forex trading nd make their success possible on this business.

    Not allowed!

  8. #47
    Trader
    Join Date
    Oct 2018
    Posts
    2,063
    Thumbs Up
    Received: 10
    Given: 19
    There is a lot of ways to make a trading strategy successful and become a successful trader. But, in my opinion if a trader focus on two things then he can make any trading strategy successful.
    1: Focus on demo trading.
    2: Create a proper money management plan.

    Not allowed!

  9. #48
    Banned
    Join Date
    Feb 2018
    Posts
    4,206
    Thumbs Up
    Received: 13
    Given: 5
    Various factors that are responsible to make a profitable trade and i am sure if we put our attention on the demo market and practices well on our trade strategy then this is good way for the favor of traders to enjoy a profitable trade and also good managing capacity is favorable point for earning unlimited success .

    Not allowed!

  10. #49
    Trader ara's Avatar
    Join Date
    Dec 2013
    Posts
    1,834
    Thumbs Up
    Received: 106
    Given: 184
    Quote Originally Posted by clifton View Post
    Everybody is talking about strategy but very less are talking about discipline, psychology and risk management.
    Actually the topic of this has been discussed a lot in this forum, but this is a special room about strategy so we only discuss trading strategies, you can find threads about psychology, discipline, and money management in another room. I think we often find this discussion on the internet, especially 3 important points, trading strategies, money management, and psychology. But here you add one important point which is about discipline.

    Not allowed!

  11. #50
    Banned
    Join Date
    Jan 2017
    Posts
    8,229
    Thumbs Up
    Received: 31
    Given: 33
    Quote Originally Posted by alizahid View Post
    Various factors that are responsible to make a profitable trade and i am sure if we put our attention on the demo market and practices well on our trade strategy then this is good way for the favor of traders to enjoy a profitable trade and also good managing capacity is favorable point for earning unlimited success .
    I am agree with you all the factor related to trade have own importance for playing an influential role for success so basically if we want to earn then we should trained well with a trade strategy from the use of demo accounts so if we test our trade strategy then we will good to understand it more and we will gain unlimited success form it.

    Not allowed!

Page 5 of 174 FirstFirst 1234567891555105 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •