Just ensure you understand your strategy very well!

Discussion in 'For novice traders' started by Francmorio, Feb 14, 2019.

  1. Francmorio

    Francmorio Member

    Most new traders think that some traders are better than them, or that they have better systems than them, but the truth is, as long as your strategy makes sense to you, it doesn't matter is that strategy is opposite what makes sense for other. The key is stick to your strategy, have the discipline to stay with it.
     
  2. Tengkorakfx

    Tengkorakfx Member

    Just stick to one strategy that suits your trading style, it will always yield profits in the end of the trading week or month...
     
  3. broforex

    broforex Member

    How far do you understand your strategy? How big is the realistic target? According to a number of professional traders, the target of 10% per month is good enough. And even then, for pro traders, not a beginner trader who will certainly repeatedly make a lot of mistakes while still learning. As a beginner, you should not set targets too high and not be lazy to learn, because it will not motivate, but instead encourage you to make many mistakes that result in fatal losses.
     
  4. broforex

    broforex Member

    So many examples of cases where a trader who has a good trading strategy, but the transactions that do not even make a profit, but in the end even lose money. This can only happen if a trader has bad money management. Examples that often occur are: Does not using Stop Loss, Stop Loss is too small, so easily hit before the price reverses direction in accordance with the original forecast of the trader and last, Stop Loss continues to be widened in the hope that the trend will reverse in accordance with the original forecast of the trader.
     
  5. broforex

    broforex Member

    Success is actually just the top of an iceberg. Most people will only see the surface but do not know what is beneath it. We certainly know how the iceberg structure floats in the ocean. Only a small part of the iceberg is visible above the water, while most of the icebergs are hidden under water. We see successful people because of their achievements and what they have (the part seen from icebergs), whereas the effort required to achieve such a result remains hidden, unwittingly (like an invisible iceberg underwater).
     
  6. liafatlouie

    liafatlouie Member

    Your explanation that makes me excited.;)
     
  7. broforex

    broforex Member

    Talk about strategy, I want to share about arbitrage. Arbitrage technique is a trading technique that takes advantage of the difference in price at the same time at different brokers. This price difference can be used by traders to gain profit. Although a little, but certainly profit. Ease of profit makes this technique much sought after and studied by traders. By definition, this technique feels pretty easy. But when applied to real trading, arbitrage technique is actually quite difficult. Need speed and also accuracy in order process.
     

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