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Trading Strategy

  • #61
  • Sep 26, 2011 7:19pm Sep 26, 2011 7:19pm
I'm starting to see why so many people believe that price action (by itself) is the best way to go. I'm still a little unsure of myself. So, I often back it up with moving average crossover or a trendline breakout. But, I have a lot to learn about price action, so I guess that's to be expected. But, keep the advice coming, cause I'm bound and determined to be one of the 5%er's.
"The only way to win the game is not to play." - B. S. Miller
  • #62
  • Jan 25, 2012 9:18am Jan 25, 2012 9:18am
If you can read this, you're wasting your time. This thing hasn't been touched in six months, and all the information I was able to gather is freely available in other forums. This is duplicative, takes up too much room, and is a complete waste of time. Unless you screw up my experiment by posting something, this will be the last post and it'll be interesting to see how long it takes for them to delete this forum.
"The only way to win the game is not to play." - B. S. Miller
  • #63
  • Dec 6, 2020 2:21am Dec 6, 2020 2:21am
Success in the forex market mainly depends on the trading strategy. If you can use the best strategy you can make huge money from this market.
  • #64
  • Dec 6, 2020 11:58pm Dec 6, 2020 11:58pm
sometimes our powerful strategy not works in spite of having good knowledge and experience , its a very common issue right now inn this market place but the main reason is lack of money management , so if we want to bring more profit by strategies we have to first ensure good money management.
  • #65
  • Dec 13, 2020 12:37am Dec 13, 2020 12:37am
I have found that the best strategies are those that are not complex, and those that have a clear set of rules.
Like you mention Price action is most effective.
  • #66
  • Dec 14, 2020 2:39am Dec 14, 2020 2:39am
strategies is more important there is no way to ignore , but honestly speaking in spite of having most powerful strategies trading can be useless if there is no money management.
  • #67
  • Dec 14, 2020 2:54am Dec 14, 2020 2:54am
Quoting CoraLombard
Success in the forex market mainly depends on the trading strategy. If you can use the best strategy you can make huge money from this market.
This is false. If gives something like a best strategy and you use a terrible money management you will loose money.
Perfection is the enemy of good enough!
  • #68
  • Dec 14, 2020 5:38am Dec 14, 2020 5:38am
Quoting Ststrader
I have found that the best strategies are those that are not complex, and those that have a clear set of rules. Like you mention Price action is most effective.
That’s true. Simple trading strategy is the best way to make consistent profit.
  • #69
  • Dec 14, 2020 6:26am Dec 14, 2020 6:26am
Quoting MichaelSch
{quote} This is false. If gives something like a best strategy and you use a terrible money management you will loose money.
Yes. I agree with you. But strategy players an important role to make money from this market. If you make super fantastic money management but your strategy doesn't suit you, The result will be the same.
  • #70
  • Dec 14, 2020 8:28am Dec 14, 2020 8:28am
Quoting CoraLombard
{quote} Yes. I agree with you. But strategy players an important role to make money from this market. If you make super fantastic money management but your strategy doesn't suit you, The result will be the same.
You are wrong. If you blindly trade and have a good money management you can be in profit.
Perfection is the enemy of good enough!
  • #71
  • Last Post: Dec 15, 2020 12:09am Dec 15, 2020 12:09am
what you think there is any difference between money and risk management ? sometimes i feel its all about same , nothing without it.
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