Trading Discussion Traders should focus on specializing in trading strategies

[Ivo Zetticci]

Traders should focus on specializing in trading strategies to analyze the market and make a profit, and it's doubtful that it will tell you not to trade immediately when you lose. Also, traders should always start trading at low capital. I started trading on Eurotrader for only $ 50. This broker also offers no requotes in trade execution and many more.

 

[btaliat]

You just tell us the skill every trader must abide by. However, greediness has made some people to invest more than they can afford ot lose. I have seen someone thay lost more than $200 a day just because he was greedy. He was trying to made huge profit and hereby lost his capital.

 

[Funmluv]

I have even seen people who lost way more than $200 because of greed. usually when people are told they will earn thousands of dollars from a business, the next thing they do is invest all they have in it even they go to the extent of borrowing or getting a loan

 

[btaliat]

There are many trading strategies that some brokers do recommend for newbies. Without these strategies, it may be difficult to make money through trading while forex or even crypto currco. Some do use indicators while other use analyzes. But all these will be guiding against greediness and even fear that do make some people to lose money

 

[Dita Walczak]

There are many strategies in the Forex market, but not all strategies need to be used. I have to master a strategy. If the strategy needs to be selected correctly. Profit percentage depends on the strategy.

 

[Sotherefore]

90% of all the trading strategy are based on pure technical and fundamental analysis and that is what a lot of people should try to get themselves acquainted on because that will help them understand how they will be able to predict the market with good fundamental and technical analysis skill. Others are just 10%.

 

[Robson Dey]

To trade in the forex market, any trader needs a broker. Broker can be good or bad. By selecting a good broker, a trader can easily take decision whether he has to trade or not. Good brokers are generally are those, who provides low spreads and high leverage than others. Withdrawn process should be easy. Brokers help traders to gain profit and reduce the risk of losses.
A broker can be a guideline for any trader. Choosing a good broker is not an easy task. I am trading with Forex4you, which is the best broker for me. They provide low spreads starts from 0.1 pips and their maximum leverage is 1:1000. They provide 24 X 5 customer service to the traders. So for me, they are the best broker.

 

[Setho]

Forex is normally a step-by-step process and not something that you can be rest assured to make money overnight. This is why I advise people to be very disciplined and devise a strategy that will work for them in a long period of time. You should also choose your broker and your trading style carefully.

 

[Wisdom01]

Strategies are indeed very important when it comes to trading , except you don't want to make gain's from the market then you could choose not to make use of strategy to back up your trade and make the amount of gains and profit that you want to make from the market

 

[Wisdom01]

Strategies are indeed very important when it comes to trading , except you don't want to make gain's from the market then you could choose not to make use of strategy to back up your trade and make the amount of gains and profit that you want to make from the market

 

[Ithedicious]

I agree exactly to what you said , it is not just something we should be eager to make money with it immediately . it is something we have to dedicate our time to learn and understand how it works because without proper time dedication to learn and understand how the forex market work we will not likely be able to achieve anything at the end.

Being able to make money with forex is something that you have to learn and learn and master a good strategy you believe will be suitable for you.

I may decide to focus on forex in the future but for now I am still thinking of choosing between trading of cryptocurrency and forex at the same time and I have to choose which one will be the most profitable but it seems the forex market will always be in existence and cryptocurrency trader are only able to trade on bearish seasons.

 

[Asahi]

Don’t open another trade quickly after deriving profit from a trade. So, what I personally think is that traders should take rest after winning a trader and refresh their mindset for further market analysis. Don’t grow worried about withdrawal issue too because Eurotrader broker never delays in sending back withdrawn cash.

 

[Shaf]

Most professional traders will let others know that they have a strategy which works well for them, even if they won't share it or how it works. When you practice something over and over again, you get to understand all about it, its flaws and strengths.

With a trading strategy, you get something that gives you an edge so that your profits can be more than your losses.
It doesn't mean that the strategy won't fail sometimes, after all, you don't control the market and fundamentals can change suddenly which won't align with the strategy you use, but you can be sure that your losses will be less than your gains and that's what makes a successful trader in any market, not just forex.

It takes time to develop that edge though, so you will need enough funds to try, test and retest many times to find that secret. It's why it's always advisable that you have another source of income to keep you afloat while learning how to trade forex.

 

[Kamala Hooper]

If you have made a trading strategy, then use it consistently. Do not change your trading strategy continuously, it will prevent you from developing your strategy and skills over time. Focusing on one trading strategy over time will help you gain a lot of knowledge, experience, and make continuous profits.

 

[BinarySumo]

Personally, I think specialising in a trading strategy can help traders maintain discipline and avoid making emotional decisions.Traders who specialise in a specific trading strategy are more likely to have a deep understanding of how it works and how to effectively implement it in different market conditions. On the other hand, traders who try to use multiple strategies without fully understanding them may struggle to achieve consistent results.