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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. #4421
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    It's impossible for a lot of traders to develop their own trading strategy. So it will be better for them to choose and follow someone else strategy. This is also a very decent way to trade because not everyone can create a good strategy of their own, their are many good strategies that we can follow in as much as we learn and master how to use one, for explain the support and resistance levels it will be a very profitable method.

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  3. #4422
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    It's take a good experience and loss to be able to choose or select the right strategy, without this basics it wouldn't be possible for us to choose a good strategy, therefore first of all its necessary for us to learn how to trade forex in the demo account and develop the right experience and knowledge that will help make the selection of the other basics aspects easy.

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  4. #4423
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    We can choose the better strategy to trade in the real market if we have the experience so once we achieve supportive tool that is our experience and get the more knowledge and continuous the process of learning then i am sure we will take the wise decisions and we can avail the maximum chances for winning success more accurately .

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  5. #4424
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    A good experience and knowledge make it very possible for us to choose the right trading method and strategy, there are so many good strategies, but without the experience of the market you can't make this strategy work but with the right trading experience you can choose and then learn and master how you use any strategy easily.

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  6. #4425
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    Quote Originally Posted by choaa View Post
    A good experience and knowledge make it very possible for us to choose the right trading method and strategy, there are so many good strategies, but without the experience of the market you can't make this strategy work but with the right trading experience you can choose and then learn and master how you use any strategy easily.
    long before we can get desired knowledge and experience, it's very important to spend a lot of time in learning and practice then make more mistakes. don't forget that mistakes aren't what make us a failure trader, it helps us to take every losses as our life lessons so in future, we can prevent them to come and got our own solutions for them without further struggles.

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  7. #4426
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    I also believe if we have good learning abilities than we can adopt the sense of decent trading which will occurs after complete knowledge on a working system so a strategy is only comes in our plans after knowing about it so a good earning ratio will be achieved by the right choices of strategy and follow that strategy with our working hard on that so with the best knowledgeable things we can improve our skills of learning well and making good income from this business.

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  8. #4427
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    Choosing our trading strategy is very important when we want to star earning money consistently without getting confused of what we did on the previous trades and it is one of the best means to get to learn more about the forex market and gain good trading knowledge of the forex, but before then we should be able to invest enough time into demo trading accounts which shall allow us to gain adequate experiences to make us become better forex traders over time.

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  9. #4428
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    It's totally of importance to choose a good trading system because this is where we can possibly get to manage our risk and see we have what it takes to earn from this trade. With the very right system, we can however maintain a high level of trade and also earn profits. To choose the right system, we need good practice and learn from the experiences of our trade which would help us come up with a more dependable system that will give us more means of earning good.

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  10. #4429
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    We have to plan on choosing the right system because it's what will help us make favorable trading that is very important. We should work on the means of managing risk and get to choose the best system that will guide us well in profit making. Our trading system is a good and if we know how to build our system in the right way, we can sure manage it and use them properly for a profitable result in trading.

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  11. #4430
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    Learning is the only way to choose the best strategy to trade with, there are a lot of strategies that we can trade with, many are good and so many are bad, the right trading experience and knowledge about this business is what we need to choose the right strategy to trade and make money with, so properly training is all that we need to choose the right strategy.

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