how we can choose our trading strategy? - Page 466
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Thread: how we can choose our trading strategy?

  1. #1
    Trader
    Join Date
    Jul 2014
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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. #4651
    Trader
    Join Date
    Dec 2017
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    For choosing the good and profitable strategy trader must have good knowledge and trading skills therefore trader should spend his good time for learning and do more practice on demo accounts for getting good trading experience.There are so many and different strategies in Forex and every trader has freedom to choose any strategy.Trader should choose that strategy which help the trader in analyzing the trend.

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  3. #4652
    Trader
    Join Date
    Sep 2018
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    Learning is the best and suitable way for choosing the good and profitable strategy for trading therefore trader should spend his good time for learning.Demo accounts are very helpful for trader for the purpose of knowledge and testing a strategy.There are various strategies in Forex and i use the scalping strategy for trading it is one the strong strategy for trading.

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  4. #4653
    Trader
    Join Date
    Sep 2015
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    1,176
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    Learning is the best and suitable way for choosing the good and profitable strategy for trading therefore traders should have spend his good time for learning and if traders want good profit then require good knowledge and trading skills available and traders should improve their skills in demo account.Demo account is helpful for traders for the purpose of knowledge.

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