Why people keep searching strategy?

[emerald]

Isn't it simply to make a quick buck rather than putting full efforts in making their own strategy? Sad.

 

[Kazumu Fukunaga]

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.

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.

 

[Flotsamm]

Lack of emotional stability shows when traders can’t stick to their trading strategies. This becomes a major reason why they lose later in their careers. Just want to ask these newbies, if you don’t wait to see what results a trading strategy can get, how can you say that this particular strategy is not worth following. Just give some time to your strategy to show results and then, decide whether it’s worth your time and money or not.

 

[Azure]

After failing with a strategy and making losses, new traders search for new strategies that could work better for them. Instead of this, the actual approach should be to improve the strategy execution and try to practice the same strategy over and over. If the strategy still seems confusing, the trader can change it with another one. But if the strategy starts to work through practice, it is better to use it for profit earning.

 

[Cedric Fenech]

Because a strategy is probably that lamp that shows you the way ahead in the market! It is normal to get carried away with the false expectations that you have in your mind. But reality might hit you hard if there is no proper strategy that you are following.

 

[Moralsand]

No matter what kind of financial instruments you are trading, there are two common requirements for becoming consistently profitable – a set of sound trading strategies and an excellent money management system. Systematic trading is crucial for long-term success and here is why: sticking to a trading strategy allows you to remain focused amid the huge inflow of news and economic data that can seriously impede your analysis process; you will be able to measure, and thus improve your performance; overtrading is your enemy as well. Without a trading system with clearly defined entry and exit rules, a trader can easily slip into a frenzy of position opening.

 

[Smash Fun]

Few people can trade Forex full time. Traders who have to trade at work, lunch, or evening find that in such a volatile market, making sporadic trades during a small part of the day can miss out on buying or selling opportunities. These missed opportunities can spell disaster for part-time traders.

 

[Bandwagon]

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.

 

[FXOpen Trader]

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.

The trading strategy that is being used by us must be such that it is Reliable for us.

 

[Smash Fun]

Typically, people use search engines for one of three things: research, shopping, or entertainment. Someone might be looking into restoring their classic car. Or look for places that sell vintage car parts. Or just want to kill time by showing videos of custom race cars.

 

[Nayek Pichai]

Most of the new traders try to rely on others trading system! Because, they have no idea on the current market situation, so they try to copy-paste others trading style! But in reality, there is no sustainable way to depend on others trading system! You need to build your own way to be a survivor !

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.

 

[Blinker]

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.

I totally agree! New traders in their greed of having instant profits, keep on searching and changing their trading strategy.

 

[heispark]

Traders 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.

 

[FXOpen Trader]

Traders 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 a trading strategy that is more successful for us

 

[Nayek Pichai]

Strategy is a set of indicators used to forecast the market’s movement down the road. It is used to view the market technically to know the actual market trend so that traders can benefit from this. I always support strategy based trading.

 

[Bahiya Shinam]

Basically, most of the new traders try to rely on others trading systems! They basically try to make quick money in Forex, so they try to skip the learning process initially; but in reality Forex learning is a long-term process, plus no way to skip this option! You can’t expect here any good result without learning! So, you should use your demo until you are a consistent player!

 

[SaadBinToha]

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!

 

[FXOpen Trader]

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!

We will need to make use of such kind of a trading system that is easy to understand and use by us.

 

[David Marco]

Indeed, it’s a bad practice. No, I always dislike leverage trading because it carries extra level of risk for me. If someone wants to increase his risk level, he can do so because Forex gives him the opportunity. But, I am not in favor of it.

 

[justintaylor]

When you are new to the market, you will obviously use someone else’s system to make trades. But with time, you will have to change it when you realise that there have to be some other things that will make an important part of your trading system. Moreover, a single strategy doesn’t always work. You have to update it with the changing market conditions.