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appropriate selection of trading strategies

From a standard point of view, foreign currency exchange traders will always necessitate appropriate selection of trading strategies. Trading strategy is the one which can ensure him proper use of his trading expertise and skills. As well as yes, an efficient and pro trader is the one which can help a trader to perform all of his trading activities with the better utilization of all trading services provided by his broker.
 
For me: price action is the most appropriate trading strategy; the beauty of Price Action trading strategy is; it works on all kind of trading instruments including crypto.
 
It’s a long process! And you can’t follow others trading strategy or system! Suppose, I am making money by Price Action; but that doesn’t mean you’ll have success by using the same path! You have to find out your own path!
 
It is not possible to get good rewards from trading if the strategy is not used properly. You have to trade by applying proper knowledge with strategy.
 
My first realization is- trading is not for everyone. You have to spend a lot of time in learning. In 3 or 6 months, you are not going to be anything (most newbies that the enough time). Stop chasing pips rather improve your skills. You will make consistent money when you will have a well defined trading plan.
 
If the strategy is not developed, it is never possible to get good rewards from trading. So if you want to get rewards, you must follow the right strategy and trade.
 
New and undisciplined traders always search for an entry. They sit before the chart all day long. Even there are some traders who can not sleep properly at night. It is very bad. Fix one or two trading sessions and search entry in those sessions in higher time frames.
 
Money management is extremely important in trading. By far most of individuals slump in trading since they don't take after incredible money management rules. You can't risk more than 2% of your capital. You can take one trade or a couple but total risk should not outperform 2% of your capital.
 
Without trading education, making profit not possible. One needs very deep understanding of the market. Most newbies make the mistake of not focusing on learning. They focus on earning without learning. And lose the money on continuous basis.
 
There is no quickly get rich scheme in trading. Only those who work hard can be successful.
Yes, Successful trading is the combination of everything. You need good technical skills along with necessary fundamental update. You need good MM and trading psychology. And to maintain all these you need discipline.
 
To select a strategy we need to do a lot of testing on demo. Without proper testing it's not possible to find a good strategy. Even a good strategy becomes bad for lack of understanding the strategy.
 
We have to make our strategy depending on how much time we can budget in our trading and what type of trading will carry better profit for us.
 
A trade which is lasted for less than 15 minutes is regarded as scalping. However, the scenario is different for long-term traders. As a scalper, you should go for such a broker that allows traders with updated trading technologies and technical errors free platforms.
 
Select trading strategies aligned with your risk tolerance, time commitment, and market conditions. A thoughtful approach, considering technical and fundamental factors, ensures an appropriate and effective trading strategy.
 
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