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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. #1701
    Trader Azis Muslim's Avatar
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    Quote Originally Posted by Toyen View Post
    I know for sure that we will be making it in the market, we will be making it for many reasons, and i believe that the traders that have the experience and are doing all what is needed of his will surely make it. The best is to work with the good trading system, management and the trader must be disciplined just like how this thread has advised us.
    Traders can literally make their strategy to become profitable and working as they planned after taking infinite time in demo account to practice and get everything that is necessary to know how to analyze market well. I can not describe this in a simple way because different strategies has unique way to determine how we should take them to trade with proper analysis. The ingredients may come from trader's own understanding with the psychology as well if that is necessary to do.

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  3. #1702
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    There are many good and profitable trading strategies but traders should have experience and be able to use them. Traders should test the strategies in demo account and see if strategy has good statistics during a month. If trading statistics is good so trader can try the strategy in real account. It is not easy to build a very profitable trading strategy.

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  4. #1703
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    It is the right place where we test our trade strategies like if we are using strategy without application experience so it will never be positive in trade , we have to be work with the better trade plan and with the learning enough give trader opportunity to work safely , we all do our plan better but we are able to get success only if we have application experience about it .

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  5. #1704
    Trader Doge's Avatar
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    Most important thing to know is that it's not the system which is profitable, but the trader. The "psychology" factor people tend to mention is more of a consequence than a reason to be profitable. We work on other things - technical rules, money management, discipline, intuitive thought, "psychology" follows up by itself.

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    Wow. Much Forex. So Monies. Very Opportunity.Many Trade. So Amazed. Wow.

  6. #1705
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    To make consistent profit in this business is not easy until we have learned how to trade forex very well, this is a risky business if we don't learn how to trade forex very well, we cannot construct a good and effective strategy, because experience and knowledge is what we need to be able to construct a very good and profitable trading strategy.

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  7. #1706
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    A profitable trade system always the first requirement of making the profitable trade process because if we have the best trade systems for use and we have also the best information and proper skills of management then we can avail any chance of success also properly so the profitable methods are best way for get success surely .

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  8. #1707
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    A profitable trade is based on some of the basic parameters in which more effectively we have to make the better experience and better plans also so we should take the better planning and on the basis of experience and knowledge perfectly we can avail the maximum chances of success and earn through them more promisingly and perfectly .

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  9. #1708
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    Traders must make strong and powerful trading plans because without use powerful and strong trading plans they are never making money from this business. You must focus on those things which help you to understand the market trend and if you are using those trading methods that help you to identify the market real trend in order to earn the reasonable amount from this business.

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  10. #1709
    Trader Silhouette's Avatar
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    Quote Originally Posted by Eneregha View Post
    To make consistent profit in this business is not easy until we have learned how to trade forex very well, this is a risky business if we don't learn how to trade forex very well, we cannot construct a good and effective strategy, because experience and knowledge is what we need to be able to construct a very good and profitable trading strategy.
    In this business, we work for money and there's nothing called as lucky trade which comes from random trade and give us plenty profits easily. Trading isn't about that because traders must learn to find their own way to trade and read market patterns with their best understanding. Could be more ingredients are needed to help traders create their own strategy until they can make it works in good profitability because traders may learn better things that others can't do it well.

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    rules made to be followed, not to be broken

  11. #1710
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    A profitable strategy is simply a strategy than can a higher win ratio though there are so many strategy traders have come up with but only a few can really be useful to this regard.This is what I will do
    1.Entry M15 base on a breakout candle from a demand and supply zone
    2.Analysis on a high time frame, H4
    3. Stop loss 5pips below or above supporting zone
    4.Take Profit ,3x the stop loss.

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