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Why people keep searching strategy?

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.
 
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.
 
Because traders want to make money quickly and are obsessed with this idea. They are not confident, and all they want is a workable strategy that works every time. If it doesn’t work even for a single time, they leave it, thinking that it does not work.
 
Because traders want to make money quickly and are obsessed with this idea. They are not confident, and all they want is a workable strategy that works every time. If it doesn’t work even for a single time, they leave it, thinking that it does not work.
Very valid point, I feel what they lack most times is patience and the willingness to learn before going live. Even experienced traders continue to learn none stop.
 
Forex margin level is the mathematical equation that effectively tells the trader how much of their funds are available for new trades. The higher the margin level, the higher the amount of cash available to trade.
 
It’s the lack of self-confidence that makes them do so. If they lack confidence in their trading strategy, they will keep searching for new strategies. This cycle will never end unless they become confident in their ability to trade and in their trading strategy.
 
It’s the lack of self-confidence that makes them do so. If they lack confidence in their trading strategy, they will keep searching for new strategies. This cycle will never end unless they become confident in their ability to trade and in their trading strategy.
This so true, confidence does a lot for us, so it's vital we build our confidence in the market. Especially doing the below;
  • Know your trading style.
  • Pin down a trading time-frame.
  • Focus on few currency pairs.
  • Calculate your risk tolerance.
  • Focus on process not outcomes.
 
We better not deny that all of us want to make huge profits in the forex market. But there is a way of trading and if we try to be smart, the market has a way of showing us that it is smarter than us. A strategy won’t only tell you what to do but also help you analyse your performance after a trade, which is as important as making a trade.
 
While you start practising on a demo account, backtesting different strategies, this teaches you what your style of trading truly is. Once you know that, understanding and working towards achieving profit isn’t that difficult. You need to give yourself time to learn! Many traders skip this and find themselves with an empty account, often. Be adaptive, open minded and ready to learn a new skill as and when you make a mistake.
 
We are bound to feel stuck and confused without a clearly defined strategy and trading plan. Trading without market analysis would be more like gambling. Developing our skills is essential so that we can work on improving our strategy as the market satiations changes. But it is impossible to survive in the forex market in the absence of a profitable strategy.
 
It is all about finding the right strategy that will suit your trading style. Forex market is changing with every passing day, so there can’t be a fixed strategy to be successful. Therefore, it is important to change the strategy from time to time in order to stay ahead of the game.
 
Traders who have big capital remain always tensed about their safety of their capital. Due to poor fund security, traders remain always afraid of their trading fund investing in a broker.
 
In the beginning, it may be tough to create a strategy or find one that works with your goal in mind. But, as you learn and practice on a demo account, you’re able to collect and apply the knowledge needed to make a profitable trade. That’s why traders often are in search of strategies that they can rely on to bring in consistent profit.
 
I don’t understand why you think that finding a good strategy to trade is weird when there is no other way of moving ahead other than this. You will have to analyse the market a little and plan your moves. If you don’t do this, you will end up doing just anything.
 
True! Initially it is hard to find an edge with trading strategy but as one retests his strategy using different technical tools they find an edge. Many new traders do not have the patience to retest their strategy again and again; they tend to hop from one strategy to another strategy constantly.
 
Traders are obsessed with the idea of making money quickly. So, they are always in search of trading strategies. But it’s never gonna help them in the longer run.
 
Yes, I agree with the OP. Most newbies get confused in this strategy making process. They keep shuffling trading techniques and learning different strategies. In the end they are proficient in none of the strategies.
When a newbie is starting to learn forex trading, they should know from that very beginning that in order to become profitable in forex trading, you should be consistent and stick to one strategy, so that you can master it over a long period.
 
A forex trader needs to be consistent in their trading strategy. Build a sound strategy with proper technical and fundamental analysis, don’t try to copy others. Further, backtest it on the demo account to see if it suits you or not.
 
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