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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. #4591
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    It is not so easy that we choose a trading strategy, we definitely need some one to tell us how to go about this, unfortunately there are many traders that don't understand how to follow the basic instructions that they have been given and that is where the real challenge begins for them at the end of the day, this is something we should try and avoid as much as possible because it is dangerous.

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  3. #4592
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    We must build a good strategy before we can be successful in trading forex, without a good strategy it won't be possible us to trade forex well, we must spend time to construct a good strategy before we can trade and become success, success won't be possible for us to achieve if we don't spend time to practice and construct a good strategy.

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  4. #4593
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    In choosing a trading strategy, we need to first have a good knowledge through the demo account because that is where we learn about the advantages of the strategy we want to trade, sometimes we take the demo account for granted because we don't have a good understanding about how to use it properly, this is wrong in all aspects

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  5. #4594
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    The right trading is important so we should be motivated to build a profitable system that will help us see we make profits while earning well with forex. We have to learn on the best system and we have to work hard to enjoy profits. Keep in mind that choosing the trading strategy has to be done with the practice the trader has done, if you want to make money from the business.

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  6. #4595
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    By the help of learning well and gaining good knowledge we can achieve a successful trade so choosing a bets trade option is very essential for every trader career and on the basis of a strong trade method our success will be possible so selection of trade strategy must be very good and very effective for earn money form this market.

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  7. #4596
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    The best trading strategies if we have knowledge and learning so we are in a position to develop always successful trade plan if we have learning properly and so many different trade ideas so these will give trader good opportunity to have successful trade. We use different tool according to knowledge we have and experience about trading.

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  8. #4597
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    To choose the better strategy a thing which most influencing in this regard is our lot of potential to work rightly and the experience which provide us support to earn the way of success safely so we should carefully choose a strategy that could help to chase the market and provide us chances of winning effectively .

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  9. #4598
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    You will either need to design one or choose one because there are already a lot of strategies that exist, if you cannot design your own strategy then you choose one but before you can have a good experience on how any of the strategy work you need to spend time to learn and understand the strategy, this is the only way to choose a strategy that will work properly for you.

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  10. #4599
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    galadiator, I am agree with you , a lot of experience with lot of our interest help in deciding the better trading system so we have to ought the basic things that are dealing with the success of a trader and be perfect in every method and having the skills of knowledge we will attain more chances of success .

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  11. #4600
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    Experience is what we need in choosing a good strategy, there are many strategies available but without experience and knowledge we won't no which one work better, but with the right experience and knowledge we will choose the right strategy that will work perfectly for us, so to choose the right strategy the right experience and knowledge is what we need to do that.

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