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Thread: how we can choose our trading strategy?

  1. #1
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    how we can choose our trading strategy?

    hello every one :)
    this is one of importance things in our forex career we should to know . in fact its most important thing , every day we have a new trading strategy or new trading systems. every day we have new indicators this world will never end . but how we can know the good strategy between all those strategies ?
    let me shocking all of you . most of loser traders lose only because they use many many strategies in same trading day and that is really big mistake , we should never change our strategy or try different trading system before we are sure its not work any more and that mean give you final navigate result after 10 trades .
    that is only way to rate any strategy on short terms .
    let me explain that for you please :
    1-you should choose very clear strategy with fixed stop lose and take profits .
    2-try to find good strategy give you good risk reward ratio at least 1:1 (some strategies can give 1:3 risk reward).

    3-write every trade you open it by your strategy if hit SL or TP .
    4-after 10 trades you will know if your strategy can earn and work in this market or not.
    5- if your risk reward only 1:1 that mean you will need to 60% winners of your trades to be profitable strategy.

    finally . good luck for all traders and happy trading for all .

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  2. #3321
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    It is major issue for everyone to develop strategy for trading on market. But it very simple for those trader which are already taken a lot of experience and knowledge about all trading method or strategies well and he can daily basic good learning and good planning to properly analysis the market after it you should find and develop strong and successful strategy for trading on market.

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  3. #3322
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    The main way by which the trader can handle the market is that they should learn, there are probably so many trading strategies, so one has to know that the strategy gets to start working for any one who has learned and been consistent enough with the strategy. Therefore no one should expect there should be some perfect trading strategy working for them.

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  4. #3323
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    We always need to focus on market movements and market situations because if we will understand the market movement then its easy for us to identify the market trend. Market trend is easy to follow but to use high accuracy trading strategies traders can make easy profit from forex trading and to choose a trading strategy with patience traders can make easy profit from forex trading.

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  5. #3324
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    Every trader will chose trading system according to his understanding of the forex market. You can not do more than the knowledge that you possess in the forex market . This is why you have it is compulsory for every forex trader to learn about the forex market because without gaining the knowledge and the experience, there will be no way we can we can chose any good trading system.

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  6. #3325
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    To find that the strong strategy everyday on market are not simple or easy for everyone you have need to daily basic good learning and good planning to properly analysis the market after it you should find that any simple or strong strategy for trading and increase everyday good profit from market in short time frame period.

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  7. #3326
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    We must allow ourselves to go through the process of learning if we must choose a strategy that will be profitable to us, we must make use of the demo account to our own advantage, in the sense that even if we are to learn from other traders on the trading strategy that we will want to make use of. We ought to make sure that we have been able to have taken good time to learn and use that strategy on the demo account to have a clue on how it works.

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  8. #3327
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    Quote Originally Posted by cutiekc View Post
    We must allow ourselves to go through the process of learning if we must choose a strategy that will be profitable to us, we must make use of the demo account to our own advantage, in the sense that even if we are to learn from other traders on the trading strategy that we will want to make use of. We ought to make sure that we have been able to have taken good time to learn and use that strategy on the demo account to have a clue on how it works.
    It is a source to get success for trader because if we go through learning and manage so many different situation so that will help to understand market well and also helpful to develop our trade strategy on accurate basis , and learning is also helpful for us for selection of right trade system to achieve success from market .

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  9. #3328
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    Quote Originally Posted by Saad Ahmad View Post
    It is major issue for everyone to develop strategy for trading on market. But it very simple for those trader which are already taken a lot of experience and knowledge about all trading method or strategies well and he can daily basic good learning and good planning to properly analysis the market after it you should find and develop strong and successful strategy for trading on market.
    i am agree with your point of view that every one becomes confused to choose the best strategy for trading you should choose the simple strategy with having a useful stop loss to take profit from the market with managing risk well but it becomes simple for those traders who have spend much time in the market to understand its direction and make strong analysis to plan well your trade.

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  10. #3329
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    You see a trading strategy and then read about it and then the next thing you have to do is to have to put them to practice on the demo account because that is how you then get to know about the trading strategy and then know the functions of it, if it works or not, I have the choice of my trading strategy made from the experience I had with the demo account and also what I read online.

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  11. #3330
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    To develop any strong and effective strategy for trading on this business you have need to daily basic good learning and good planning about to properly analysis the market and know that market real direction movement well after know that everyday thing well you have always find strong and successful strategy for trading to getting success on market.

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