Why people keep searching strategy?

[soilacasa]

Without a strategy, you will be a lost kid in the supermarket who would want to take every trading opportunity to make money. A strategy helps you in deciding when you should enter the market and when to exit. You also know what indicators to use and how much amount to put at risk.

 

[Disponge]

Having a strategy is very important for a beginner. Trading without a strategy will be like going on treasure hunting at a deserted island without a route map. You have to plan ahead what are you going to do once you enter the market and how are you going to do it. You should have a clear goal that is realistic and attainable. Then the means to achieve this goal should be framed as a strategy. You should find a strategy that fits with your trading style and trading goal. Just going for a strategy that is popular does not guarantee success for anyone. You apply strategy to justify your trading decisions. It should be the answer to the question “why?”. For a beginner it will be a lot of trial and error until they find that one strategy that they can execute well.

 

[Mojo]

They do not like to do their homework and test strategies. They have a fear of failing. This is the primary reason why more than 90% of traders lose money in the market. A profitable strategy can be developed and found with testing and application.

 

[Subduplicate]

As you begin the Fx trading journey, it is normal to get confused while picking up a trading strategy.
Many traders fail to pick the trading strategy which is right for them and end up frequently changing them. Imo, it is important to analyse your trading style before picking a trading strategy.

 

[Bumpkin]

There are many reasons why people keep searching for new forex strategies. First of all, the forex market is always changing and evolving, so what worked yesterday might not work today. Secondly, they are not confident about their trading strategy so they keep on changing it.

 

[Gito Dinev]

Expert traders always rely on strategies and stick to it. Strategy tells traders the direction. Strategy-based trading is highly essential for a trader and strategy refers to a set of indicators used to forecast the market’s movement down the road. Make your strategy proven by trading over time.

 

[Triphibious]

Almost all the strategies are profitable if they are used correctly. The problem is that most people don’t know how to choose a strategy and use it properly. That’s why they keep trying out new strategies and losing money.

 

[Feticide]

When you have long term success in your mind, you can’t compromise with the moves you make in the forex market. You have to follow a systematic approach so that you always have a chance to improve and get better. Traders need a strategy to stay focused and not get distracted by the uncertainties of the market.

 

[FXOpen Trader]

When you have long term success in your mind, you can’t compromise with the moves you make in the forex market. You have to follow a systematic approach so that you always have a chance to improve and get better. Traders need a strategy to stay focused and not get distracted by the uncertainties of the market.

To be able to get success in the business of Forex trading we must start doing Hard work also.

 

[Adolpho Sandoval]

When you have long term success in your mind, you can’t compromise with the moves you make in the forex market. You have to follow a systematic approach so that you always have a chance to improve and get better. Traders need a strategy to stay focused and not get distracted by the uncertainties of the market.

The problem is here, many new traders don’t think long term, they want to make quick profits and neglect systematic approach.

 

[FXOpen Trader]

The problem is here, many new traders don’t think long term, they want to make quick profits and neglect systematic approach.

I have seen many of the traders are making the profits due to their better trading based systems.

 

[Flabbergast]

People keep searching for strategies because one strategy does not work for all traders or currency pairs. A strategy is to be chosen based on the currency pair you are trading, and what fits you best. There are many strategies available on the internet, but I feel like it is best if one produces their own strategy.

 

[CarmeloGiroux]

I feel it is pretty risky and difficult to move forward in this market if you do not have a strategy. However, the best thing is that any strategy you come up with can be tried and tested in a demo account before being tried in a live account.

 

[FXOpen Trader]

I feel it is pretty risky and difficult to move forward in this market if you do not have a strategy. However, the best thing is that any strategy you come up with can be tried and tested in a demo account before being tried in a live account.

The risks that are present into our trades can get increased if we are using more trading lot sizes.

 

[Nugacious]

If not strategy, I don’t know what traders use to move forward in the market. The market is not so simple to understand that when you enter, money making opportunities will be waiting for you. You need to move in a certain manner and that’s what your strategy helps you with.

 

[Mecine]

In general, a strategy is based on the market analysis that tells you whether you should make a buy or sell what you have. Without a strategy, your emotions may play a role in your decision-making which is a big NO in the forex world.

 

[Mawkish]

With a workable strategy, you have a roadmap in hand that guides you and defines the actions you must take and not take in the live market to head towards profit-making. You get to know what you must prioritise to reach your desired goal.

 

[Substractor]

As the market is always moving, it is not easy to be accurate with your predictions. Entering the market is still easy but exiting it at the right time is what is difficult as you may not know for how long you should stay in the market, regardless of the results you have been getting. This is what you need a strategy for. You may not make profits but you will at least leave the market at the right time without losing more than your risk appetite.

 

[Moilsome]

Reaching your trading goals is not as easy as said. You have to find a way to get there. This is what you have a strategy for. You may set your own rules but they will get you results only if you follow them. Mention all that you want to do, how you want to do it, and where you want to reach and don’t forget to stick to it.

 

[zoe]

Reaching your trading goals is not as easy as said. You have to find a way to get there. This is what you have a strategy for. You may set your own rules but they will get you results only if you follow them. Mention all that you want to do, how you want to do it, and where you want to reach and don’t forget to stick to it.

I couldn't agree more, unfortunately I learned this the hard way this week. I got relaxed too much on a strategy that was paying without advancing and now it has backfired, we have to keep learning and looking for new ways else we will be stuck.