My experience with my strategy
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  1. #1

    My experience with my strategy

    Hi, traders now i share with you my actually first trading experience when i used my own strategy some experienced trader this all thread will seams very boring, but maybe for some beginners this will be helpful.
    Before i will telling my strategy i need to say my strategy is very very simple i definitely think all traders have experience with it.
    And now my strategy:
    Take profit: 30 pips
    Stop loss also 30 pips
    Volume: 0.01
    And time when i open trades is from 16:00 to 19:00 PM
    The currencies what i prefer are EUR/USD; GBP/USD and AUD/USD.
    Important information: The thing is in every trade i follow currency i mean if the currency goes down i sell it but only then when i see market is not changed detection in the last two hours and also then when i see the news which shows positive or negative information about currency i mean i don't risk a lot.
    if i don't sure about what currency will do i don't open trade and wait a better moment.
    Also i need to say that i open just one trade in day.
    Now is two weeks since i use that strategy and results are 50 to 50
    More about results i will write later, but now maybe you have some advice or opinion about all of this?

  2. #2
    Now is one and a half month since i am using this strategy and I have some conclucions which I can tell you now : every move influence everything I had few mistakes were made because I didn't stick to my plan -first I did more then one trade in one day that was the biggest reason why I missed concentration and make a wrong trades, the next thing is I made a very fast decisions I taked a big risk. I know these mistakes are very silly and maybe stupid but this all are how we are learning something.
    Last edited by natureman; 04-23-2015 at 10:16 PM.

  3. #3
    Quote Originally Posted by natureman View Post
    Now is one and a half month since i am using this strategy and I have some conclucions which I can tell you now : every move influence everything I had few mistakes were made because I didn't stick to my plan -first I did more then one trade in one day that was the biggest reason why I missed concentration and make a wrong trades, the next thing is I made a very fast decisions I taked a big risk. I know these mistakes are very silly and maybe stupid but this all are how we are learning something.
    all trading strategy requires discipline on the trading rule, using money management and risk management and has a good risk and reward. all elements must work well. it is a prerequisite to achieve success. furthermore you can learn from the mistake and experience. it will make you feel better

  4. #4
    Quote Originally Posted by ngalapreceh View Post
    all trading strategy requires discipline on the trading rule, using money management and risk management and has a good risk and reward. all elements must work well. it is a prerequisite to achieve success. furthermore you can learn from the mistake and experience. it will make you feel better
    Using money management and risk management are the key for getting success in forex trading, I would like to share my trading experience as I always make the strategy keeping in view the proper money and risk management and I am earning reasonable amount as also using the indicators as we can grow efficiently with the help of indicators and I am enjoying forex trading with this strategy.

  5. #5
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    Quote Originally Posted by Azka View Post
    Using money management and risk management are the key for getting success in forex trading, I would like to share my trading experience as I always make the strategy keeping in view the proper money and risk management and I am earning reasonable amount as also using the indicators as we can grow efficiently with the help of indicators and I am enjoying forex trading with this strategy.
    I agree with you because we must have to trade with good ideas for use we are working here properly to develop a good system to make good trade always when we should develop own trade with knowledge about them and with trading properly about them we will make our trade perfect and risk free fro getting success .

  6. #6
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    Quote Originally Posted by Azka View Post
    Using money management and risk management are the key for getting success in forex trading, I would like to share my trading experience as I always make the strategy keeping in view the proper money and risk management and I am earning reasonable amount as also using the indicators as we can grow efficiently with the help of indicators and I am enjoying forex trading with this strategy.
    Success in forex comes when we understand the important of good money and risk management in our very trade. The key must be to reduce our risk and learn from our experience which will be of a proper guide to us. Improving good is necessary and as traders, we have to take learning seriously and work hard to know what is going to work out in our trade. There is no easy access to succeed but as long as we plan well, we will have what it takes to reach a profitable level.

  7. #7
    Quote Originally Posted by natureman View Post
    Now is one and a half month since i am using this strategy and I have some conclucions which I can tell you now : every move influence everything I had few mistakes were made because I didn't stick to my plan -first I did more then one trade in one day that was the biggest reason why I missed concentration and make a wrong trades, the next thing is I made a very fast decisions I taked a big risk. I know these mistakes are very silly and maybe stupid but this all are how we are learning something.
    you are right every one has a different strategy in this field but if you learn trade form other strategy sometimes is good for us but you always be sure that that strategy work on real and you should try 1st in demo then you apply on real this is the best way to check strategy and if you create your own strategy this is also a better way...

  8. #8
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    Quote Originally Posted by sameeh View Post
    if you miss concentration due to opening of more tan one trade then you should focus on one trade only and satisfy with the results you get, this is better than making of mistakes and loss of money, making of small consistent profits is better than loss of the money and with time your capital will be increased and you will be able to make more profits.
    If we are open more then one trades at same time then its really difficult for us to manage our that trades because we cannot concentrate same time more then one pair of this market. If we want earning in frex then we must need to trade only one pair then we can concentrate better on that pair and analysis better of that market to earn good and big profit easily from forex trading,

  9. #9
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    Quote Originally Posted by Wechs View Post
    If we are open more then one trades at same time then its really difficult for us to manage our that trades because we cannot concentrate same time more then one pair of this market. If we want earning in frex then we must need to trade only one pair then we can concentrate better on that pair and analysis better of that market to earn good and big profit easily from forex trading,
    Yes it is but not always because if we are using small volume according to our trade we have more chances for trade successfully we must have to use a good trade system with learning if we have good trade ideas for better trading we will perform good and more effective , sometime in profit we add up new position in same direction that is also a good techniques so don't fear with adding new position in this market if you want to get success .

  10. #10
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    Quote Originally Posted by zahra2 View Post
    Yes it is but not always because if we are using small volume according to our trade we have more chances for trade successfully we must have to use a good trade system with learning if we have good trade ideas for better trading we will perform good and more effective , sometime in profit we add up new position in same direction that is also a good techniques so don't fear with adding new position in this market if you want to get success .
    First thing that traders has to learn is on how they can trade with a good well learned trading strategy, then they have to pay attention on how they can trade and become successful with the right risk management, If you are not making use of good money and risk management, you will loss your money. Having good trading experience is just how you get to know fully well on how to trade successfully.

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