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

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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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    Quote Originally Posted by ctting View Post
    Because discipline is indeed not easy, because all must learn from the beginning of self-regulation, with all the hopes that are in front of the eye, maybe to communicate the word can "discipline" if it is easy but believe friends, humans are not robots, they have hearts , Exercise discipline is not trained also train ourselves to be doctrinal huahuahua , just joking.
    yes, indeed the money management method mindset is the main cycle including the discipline itself when we obey all what we plan
    Yes discipline in trading is not easy for traders. The reason for this is greed that many traders who want to get big profit from Forex in a little time without even learning. Therefore, overcoming greed was difficult for novice traders. i think the only way to avoid greed is using money management .

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    Trader cutiekc's Avatar
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    The method and means by which you can proceed with making money from the market is what is called a trading strategy and as a matter of fact, we all do need to have a trading strategy that will help us become profitable. To succeed the business needs a lot of discipline and understanding. From all what I have learned. Being a profitable trader takes a lot of learning and then you need to be skilled.

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  4. #1123
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    With building own bets trade system and through the learning to design the working system very perfectly we can make it very good and very effective to earn money so with the perfections in the working system and our working plan this is easy to get good trade and a profitable trade will comes from the bets ever trade strategy to earn and rich with success .

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    We all know that forex is very risky business that is reason we must care in trading. If you are make any mistake in trading then you will lose your money and use a profitable trading strategy we must make strong plans and then follow these plans with patience because traders patience is the best thing which is lead them towards the success of this business.

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    Quote Originally Posted by alizahid View Post
    With building own bets trade system and through the learning to design the working system very perfectly we can make it very good and very effective to earn money so with the perfections in the working system and our working plan this is easy to get good trade and a profitable trade will comes from the bets ever trade strategy to earn and rich with success .
    Iys not easy to design a trading system because its need effort and hard work to design a trading system. If you are work hard and focus on your learning then you will get good result in trading that is reason you must focus to make effective trading plans and use your skills in trading to identify the market trend and be able to earn daily basis good profit.

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    Quote Originally Posted by biru View Post
    We all know that forex is very risky business that is reason we must care in trading. If you are make any mistake in trading then you will lose your money and use a profitable trading strategy we must make strong plans and then follow these plans with patience because traders patience is the best thing which is lead them towards the success of this business.
    It is no more a news that forex field is hard to trade, forex traders should get ready to trade it correctly. It is only when we trade forex field correctly that we can gain through it, and we can make our success the way we want it. To be successful is not easy, but i like all the points and so called ingredient whom the article writer has pasted above. Forex traders needs good strategy, management, discipline and have overall stable psychology that will help them to always trade successfully.

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  8. #1127
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    It will be hard to become a profitable trader in the business. Forex trading is risky, come to think about it. You can only get to become profitable depending on how much skills and experience you have gotten. A profitable trading strategy is been made through learning. This means that a trader should take the use of the demo account first, obtain experience and then from there they can get to have a successful trading results.

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  9. #1128
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    A profitable trade will be made after learning properly so learning is the key element that will make everything very correct which will helps us a lot to win a secured trade in whole of our career so on the basis of good learning skills and good experience we can generate more ideas and plans for following market directions with earning good chances to win profits a lot .

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  10. #1129
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    keep do you have a way to mrngatasi a greed that could pose a risk?, is it just a discipline of the system we do? or is there a theory or how greedy though we though we could still stay safe in a trading? risk: reward points or $? is there anything that has a tip for that, a good discipline does do something already written in the absence of improved, as well as "thank you. success is always

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  11. #1130
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    Quote Originally Posted by galadiator View Post
    A profitable trade will be made after learning properly so learning is the key element that will make everything very correct which will helps us a lot to win a secured trade in whole of our career so on the basis of good learning skills and good experience we can generate more ideas and plans for following market directions with earning good chances to win profits a lot .
    Traders learning is really important for traders and use profitable trading strategies with patience traders can make good money. Traders experience is hep them to understand the market trend and to use experience and knowledge we will get easily market trend. These two things are help us to make a profitable trading strategy that are hep us to make daily basis good money.

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