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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. #1731
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    Quote Originally Posted by lucy View Post
    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 .
    The market is a place where we can get to trade and get to make our money, we can get to trade the market when there is everything needed done by us carefully, that will make us to earn. Traders can earn when they have the needed experienced, we cannot say we want to make it when we do not have the experience and have it in such a way that can bring success.

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  3. #1732
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    When we are new we might not earn with any strategy, this is because a strategy needs much experience to be profitable. It is true when we keep trading for several years we come to know some good techniques and ways of trading. So this is how we build our experience and then can become successful, when we are new we should only think of learning and not of earning.

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  4. #1733
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    For a strategy to profitable it has to have some basic ingredients,these are listed below.
    1.Good trend analysis from a higher time frame Daily or H4 precisely,
    2.fibonacci for price possible turning point in the daily or H4,
    3.Entry with H1 or M15 using simple demand and supply zone,
    4.Stop loss should be 15 to 20pips, while Take profit should be 35 to 40 pips that it should be higher that what you are risking.

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  5. #1734
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    Forex is the name of continuous learning, the first thing to learn is a strategy for which we have to work on demo for a long time. Forex needs more than learning a strategy, when we have a strategy we should know about the other aspects of trading that are needed. Risk should always be within the limits no matter what. If we are using any strategy we should make sure that we use it well with a stop loss.

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  6. #1735
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    We can approve success with using the better trade systems so we must follow the accurate trade strategies and according to own interest and knowledge we can plan better so we must follow the winning plans and through the information and complete experience will define the trade process in the right manners and we will enjoy profits a lot from it .

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  7. #1736
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    A profitable trade is avail from the hard working and to dedicate our valuable time on this market always increase the chances of earning success so we must follow the market in the right manners and use the better way to open the trade and closing it in the right orders which is an important way for taking the profits more effectively .

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  8. #1737
    Trader Toyen's Avatar
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    Quote Originally Posted by ajagbeolegba View Post
    The market is a place where we can get to trade and get to make our money, we can get to trade the market when there is everything needed done by us carefully, that will make us to earn. Traders can earn when they have the needed experienced, we cannot say we want to make it when we do not have the experience and have it in such a way that can bring success.
    The money is in the market, we can make the money based on how we have prepared for the money making. We can get to use the strategy we have with the management and make the good plans with them. Those are the basic things i know that we need. The discipline will now be added by the trader that wants true value to their trading.

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  9. #1738
    Trader ict2014's Avatar
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    It is no tough and complicated task to find out how to make a good strategy. First, we have to ready to pay a long time behind the forex business. Forex business is long courses business it needs long time practice after its practitioner can earn money from this business. Now all kind knowledge is open and we get that in internet video and audio and text tutorial. So gathering learning we need to practice in real trading and prepare a good trading strategy.

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  10. #1739
    Trader YoyO_o's Avatar
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    i think profitable strategy always depend the trader experience and knowledge because without it he could not make any profitable strategy for trading and not get success because traders cannot make profit from forex trading until they are learn this business well so and think practice makes you perfect in this field and you just need to minimize you risk and maximize your profit with following different techniques

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  11. #1740
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    There are so many strategy that work good and the chance of profit is more in the trading . we easily make a lots of money from the forex when we are expert in the trading and we have well knowledge about the forex trading . the forex trading system is just like money making machine . we easily earn a lots of money from the forex trading system.

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