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Thread: How to manage our trading strategy?

  1. #1
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    How to manage our trading strategy?

    Today I want to discuss a very good topic with you we all know that every trader have his own trading strategy in forex, many trader's like to follow other trader also but can you tell me how we will able to know that which trading strategy is best?

    I think demo trading account is a very good place to test our trading strategy but there is one more thing which we can add in our trading we can make a set of trade's by dividing our whole capital with proper money management and risk management for example if we have a $1000 capital for trading then we can divide $1000 in 30 trades means we should have a very good margin to open 30 position in the market after calculating our risk. Like this way we will surely earn money with our strategy. Because a good strategy will never give you loss in all your trading strategy

    what do you think about it?

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  2. #11
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    There are no strategy perfect in forex but there are many strategy which can give you much better result rather than other's like trading with support and resistance points, and trading with market trend can give you a very good result in trading. You have to always follow money management and risk management also for good trading result. Basically its depend upon your trading practice and hard work too

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  3. #12
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    demo account is a good place to test our strategies and also money management, we will know the weakness from it and also how to complete it, there is no risk at demo account, and then try to implement them at real account later,and of course, there is a different thing between demo account with real account, and trader will get more pressure at real account, so, it is good to set demo account just like real account, it is necessary

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  4. #13
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    You do not need to do much on this issue, all you need to take caution in trading, do not do your trading in the way that is not good. Try to risk little, manage your trading account by trading few and making the stop loss to be little,. Also, make sure that you risk a reasonable proportion of your account per trdae.

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  5. #14
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    Quote Originally Posted by newentry View Post
    demo account is a good place to test our strategies and also money management, we will know the weakness from it and also how to complete it, there is no risk at demo account, and then try to implement them at real account later,and of course, there is a different thing between demo account with real account, and trader will get more pressure at real account, so, it is good to set demo account just like real account, it is necessary
    I am agree with you. Demo account is starting point to create good strategy and proper money management with current style of trading and knowing the effectiveness of each strategy. Also, we can find out the most profitable condition to maximize profit and minimize loss in each transaction. There is no better way to find out strategy which is suitable with us except with trial it personally because practice makes perfect in trading.

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  6. #15
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    There is nothing better rather than a demo trading account in forex. We all like to spend time in demo trading account because its a free account where we can manage our trading strategy very well many new trader's try to test their trading strategy in real trading account but like this way they can loose a lot of money in their business so demo account is best option

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  7. #16
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    Yes dear demo trading account is best place for that but you know we have to include a lot of things in our trading strategy which will help us to make money in a good way in forex for managing our strategy in a good way we need good money management, risk management, and our trading experience have also its own importance in forex

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  8. #17
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    Quote Originally Posted by andry777 View Post
    I am agree with you. Demo account is starting point to create good strategy and proper money management with current style of trading and knowing the effectiveness of each strategy. Also, we can find out the most profitable condition to maximize profit and minimize loss in each transaction. There is no better way to find out strategy which is suitable with us except with trial it personally because practice makes perfect in trading.
    You have missed something in your post, the first use of demo account is to understand what you have learned, it will help you to understand how to use meta trader first, then it will help to understand that how much tools you have learned and what are the use of those tools, you know about them practically in demo accounts.

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  9. #18
    Registered user erespe's Avatar
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    The way to manage our trading strategy is by continuously make an evaluating. By carrying out continuous evaluation, we can identify the weaknesses and strengths of our strategy, so that we can develop it better.

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    “Not everything that can be counted counts, and not everything that counts can be counted.”
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  10. #19
    Trader miya's Avatar
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    According to me its a very valuable thread through which the newbies can understand about how to manage our trading strategy. Our trading strategy about the trade is to be strong of through to be good in the trading process because we have to be a profitable trader due to this always have the strategy for the money management to invest in this type of thread and for that reason we have to know how to manage our trading strategy to be a profitable trader in Forex trading.

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  11. #20
    Trader Hukam's Avatar
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    We can develop our strategy in a very good way by using a proper discipline in our trading and that's a very good idea that demo trading can help a trader to know about the weaknesses and strong points of trader's strategy. I also think that without any demo trading account its very tough to test our trading strategy because we can't take risk of our real hard money for learning

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