Is it necessary to develop one's own trading strategy? - Page 2
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Thread: Is it necessary to develop one's own trading strategy?

  1. #1
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    Lightbulb Is it necessary to develop one's own trading strategy?

    As we come across the writings and suggestions of the trading Gurus, they are seen repeatedly suggesting the traders to develop their own strategies which does have many benefits, such as:

    It would be compatible with the nature of a particular trader.
    It would ensure that you yourself are responsible for your profit and loss and won't search for scapegoats in times of loss.
    It would make you in your self a developing organism as a trader, thereby making your strategy better day by day.
    It would make you self sufficient and independent.

    Do these things actually exist or are these simply idealistic things?

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  2. #11
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    It is not very necessary at all even you can follow other person trading strategy also but I want to tell you that if you will follow other person trading strategy then you will miss a lot of things. Your own trading strategy will give you much better knowledge rather than any other person trading strategy

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  3. #12
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    I think its very necessary top use our trading strategy in forex market. I never follow other person strategy because I always confuse about the trading result and most of trader's not show their real earning proof too. We should spend time in our demo trading account and should make our own trading strategy

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  4. #13
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    every traders want to trade with their own trading system, but the newbies will not know how to start it, then they will try some methods and implement them at their trading forex, they will get some experiences from what they have done until one day, they will know what is the best methods for them and know how to develop it

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  5. #14
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    yes it is. because when you will trade with your own strategy then you can become comfortable and sure that you are at least trying and also making creative steps to trade in the forex market and will manage to make profit too. so your confidence level will grow up and you will learn how to make profit. thank you.

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  6. #15
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    Yeah that could be a good point by using our own trading strategy we can do trade with safely in forex because we can't trust upon anybody in forex. This is a risky market where we need our own logic and analysis rather than following other trader's. We should make our own trading system in this field

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  7. #16
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    yes in this trade it is really important that develop your own trading way and line up increase . cause with the developing planning and strategy you know how to handle the trade and you know the decision making condition so well. thank you.

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  8. #17
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    Our own trading practice and learning can help us to make a very good trading strategy for us. I never suggest to use any other person trading strategy because we don't know exactly that how much fault will be there but in our own strategy will be full tested by ourself. So choose your own style and make your own strategy

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  9. #18
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    trade with their own trading system that is suit with the style, it will make them easy to update or fix the weakness and develop it, and it will make them get more understanding to use and improve it, this is the advantages to choose our own trading system than follow something from the others,

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  10. #19
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    As long as the forex trading is coming, it is very good to develop ones trading system, it might be by yourself, or adoption already made trading system, but rebrand it, this will make a better quality for the traders that are doing it. Forex trading is about having your own system, and you will devise this by yourself in the market.

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  11. #20
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    If you have to become a better quality of trader and if you want to earn good consistent profit regular then for sure you should make your own trading strategy in forex. Your own trading strategy will help you to control your emotion and greed too. And you will able to do trade with a positive mindset too. We have to maintain a good discipline for better performance

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