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Many traders want to trade lots of pairs. It isn't recommended to trade a lot of pairs. The trading of a few pairs will give greater insight into the pairs as you study these pairs over an extended period of period of time.I think strategies change according to the needs of a trader. For example, you can’t trade different pairs with the same strategy. And the thing about strategy is that they are not 100% accurate. You have to develop an analysis for what would be best in a scenario.
The trading strategy that is being used by us must be such that it is Reliable for us.Traders often keep searching for strategies all the time because either they have a fear of missing out or greed to generate more profits. Rather than sticking to a strict trading plan, traders are always on a lookout for new additions to ace their trading game. However, it is not always bad to keep searching for new strategies, but this should be done after careful analyses and back testing.
It's a very common problem for newbies. Actually you do it out of confusion. You don't have trust on your strategy and yourself. You should have clear idea about your risk reward ratio and winning ratio. You lack confidence. It comes from not knowing what you are doing. Practice on demo find out your winning trade ratio. The main point is you have to increase your skills.
I totally agree! New traders in their greed of having instant profits, keep on searching and changing their trading strategy.Traders often keep searching for strategies all the time because either they have a fear of missing out or greed to generate more profits. Rather than sticking to a strict trading plan, traders are always on a lookout for new additions to ace their trading game. However, it is not always bad to keep searching for new strategies, but this should be done after careful analyses and back testing.
We will need to make use of a trading strategy that is more successful for usTraders keep on changing their trading strategies because of their impulsive nature. Secondly they are not sure about their trading strategy. That is why they keep on hopping from one trading strategy to the other frequently.
We will need to make use of such kind of a trading system that is easy to understand and use by us.No doubt, manual learning is the best way to start the Forex trading journey! But unfortunately, most of the new traders wasting their time by searching profitable good trading indicators! But , there is nothing like that! All of the technical indicators are full of delusion; traders need to focus on their trading chart to understand the real facts!