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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. #3821
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    When we try to choose a strategy we should do it with experience and patient, we need to be very careful while choosing a trading strategy because not all strategies are good, some strategies are out there just to lead us to failure, but if we are been careful to choose our trading strategy we can avoid such false strategy and choose the right one that will be suitable for us.

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  3. #3822
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    Quote Originally Posted by stanlon View Post
    When we try to choose a strategy we should do it with experience and patient, we need to be very careful while choosing a trading strategy because not all strategies are good, some strategies are out there just to lead us to failure, but if we are been careful to choose our trading strategy we can avoid such false strategy and choose the right one that will be suitable for us.
    We choose the trading strategy in regards with experience and based on the one that is more promising, although, it has to be done in regards with purely higher performance of the trading strategy, but then again, we don't get to allow practical approach be the way we decide, in such a way that some traders are more thrilled by the use of their theoretical knowledge.

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  4. #3823
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    We can choose to trade with any good strategy, but before we can learn and master any trading strategy we must have a good knowledge and trading experience, with this basics aspects we can choose any promising strategy and learn to master how to use it within some few days or weeks, a good knowledge is what we need in order to understand how to use any promising strategy.

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  5. #3824
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    Quote Originally Posted by precious View Post
    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.
    Yes trader should choose the strategy according to his knowledge and trading skills Forex business is very risky and a minor mistake can become the reason of loss.Demo accounts are very helpful for trader for the purpose of knowledge and testing a strategy.There are so many strategies in Forex and every trader has freedom to choose any strategy.

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  6. #3825
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    You should get to know how to decide on your choice for trading strategy when you have developed good trading approach in trading. The demo account will always be there for the trader to make the decision on. You should learn always to never be over confident as to regarding the result you got from the demo, it doesn't mean the real account will work that way.

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  7. #3826
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    Quote Originally Posted by Darkhorse View Post
    You should get to know how to decide on your choice for trading strategy when you have developed good trading approach in trading. The demo account will always be there for the trader to make the decision on. You should learn always to never be over confident as to regarding the result you got from the demo, it doesn't mean the real account will work that way.
    But before the demo account, I have a clue, the way I got to choose about the trading strategy I am making use of right now is that I did learned from a friend of mine who is a good trader. Actually, that is a good way to decide and then learn even more better. So, if we want to make money and become successful, do some little research and have a clue on the best one to be used.

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  8. #3827
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    i thing this is the good question for all the trader , if any want to choose the best strategy so they use different browser to get the good information . we choose the best strategy because we earn a lot of money by working in our strategy . i see that all the successful trader do not use week strategy they choose the best strategy of the trading to earn huge money.

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  9. #3828
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    Quote Originally Posted by GEO View Post
    i thing this is the good question for all the trader , if any want to choose the best strategy so they use different browser to get the good information . we choose the best strategy because we earn a lot of money by working in our strategy . i see that all the successful trader do not use week strategy they choose the best strategy of the trading to earn huge money.
    Trader should choose the strategy according to his knowledge and trading skills therefore trader should spend his good time for learning because without learning no strategy would be good.Demo accounts are very helpful for trader for the purpose of knowledge.Swing is one the good and profitable strategy for trading.

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  10. #3829
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    We all look to make money from this business and its important we have a plan to choose the right system that would guide us on trading good. Plans in choosing the right system is important and what should be done is that we manage risk and follow the best learning that will improve our trade. Choosing the best system is important and if we can eventually build a strong trade, we will be able to manage profits and see we can make more.

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  11. #3830
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    Without possessing a workable trading strategy then we are all wasting time trying to trade the forex market because it is going to become very hard if not impossible to determine where we can enter the market and where we can exit the trades. It is through learning process that good trading systems are discovered and chosen, and that is why we need to invest enough time into learning and practicing on the demo trading accounts over time as to be able to master what would work for us and that is the time we can choose a trading system.

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