Successful Trading Strategies

[Dreda]

Success Leaves Clues
There are certain 'Business Rules' that successful investors and traders adhere to. If you were able to model these business rules then maybe it's possible for you to also achieve similar results. You would need to understand and appreciate the beliefs, attitudes and behavior, as well as the timing and sequencing of the strategies that successful traders implement.
• Trading provides one of the last great frontiers of opportunity in our economy. It is one of the very few ways in which an individual can start with a relatively small bankroll and actually become a multimillionaire.
• Of course, only a handful of individuals succeed in turning this feat, but at least the opportunity exists.
A rigid stop-loss rule is an essential ingredient to the trading approach of many successful traders.
• If We wanted to become a successful trader, We would seek information and advice from the most successful traders We could find. If we wanted to become a failure, we would seek advice from men who had never succeeded. If we wanted to succeed in all things, we would look around us for those who are succeeding and do as they have done.
• Taking advantage of potential major winning trades is not only important to the mental health of the trader but is also critical to winning. Letting winners ride is every bit as important as cutting losses short. If you don't stay with your winners, you are not going to be able to pay for the losers.
• In addition to not overtrading, it is important to commit to an exit point on every trade. Protective stops are very important because they force this commitment on the trader.
One other thing that is absolutely critical: You have to be willing to make mistakes regularly; there is nothing wrong with it. Making your best judgment, being wrong, making your next best judgment, being wrong, making your third best judgment, and then doubling your money.
• Whenever We enter a position, we have a predetermined stop. That is the only way we can sleep. we know where we are getting out before we get in. The position size on a trade is determined by the stop, and the stop is determined on a technical basis. We never think about other people who may be using the same stop, because the market shouldn't go there if we are right.
• If you personalize losses, you can't trade. When things go bad, traders shouldn't stick their head in the sand and just hope it gets better. You should always have a worst-case point. The only choice should be to get out quicker. The worst mistake a trader can make is to miss a major profit opportunity. 95 percent of profits come from only 5 percent of the trades.
• Probably our best technique is not picking up the phone to close out a winning trade. Show us the charts, and we'll tell you the news. Have an opinion on what the market should do but don't decide what the market will do. Be happy with a percentage of the move.
• We spend our trading trying to make Ourselves as happy and relaxed as we can be. If we have positions going against us, we get right out; if they are going for us, we keep them.
Best Regards

[ortan]

These are more challenging to profit from and are not for the faint of heart. In essence, a sideways moving market is like a condensed version of a rising and falling market. Instead of having a prolonged upward or downward trend, a sideways moving market goes up and down in very short intervals. The opportunity to profit here is to know when the market will go up and when it will go down and to act accordingly.The risk is high here, however, as the intervals to take advantage of the upward and downward movement are compressed.There are three types of markets that a successful investor or trader can profit from. They are a rising market, a falling market, and a sideways market. When you develop your trading plan, make sure to account for how you will deal with all three.

[Johny]

Checked this out! Thanks!

[metalsguru]

"Trading provides one of the last great frontiers of opportunity in our economy. It is one of the very few ways in which an individual can start with a relatively small bankroll and actually become a multimillionaire." this one can happen as soon as you are very good trader.

[Derrick]

There are so many strategies flooded in Forex market but you need to get some education about the foreign exchange first and then you can evaluate any Forex strategy which come up in front you.

[dwspro]

good strategies. thanks for share!

[reynuevo]

Hello, you can also download also this for free.
I was looking for a good and simple strategy and found one that is also free here: http://forextradingonlineguru.com/sp/65/

[jaikkalis]

One of the most common mistakes new Forex traders do, is that they have no trading strategy. While Strategies always play an important role in Trading.Thanks for sharing These Strategies

[shere1779]

There are so many strategies flooded in Forex market but you need to get some education about the foreign exchange first and then you can evaluate any Forex strategy which come up in front you.

[SunDuck]

I've spent a lot of time reading and searching never-losing-always-winning-daddy-strategy but i can say there's no panacea in forex and each strategy has its pros and cons, in other words each strategy is an algorythm.
Finally i've realised that if you don't like the process of trading but you want use trading in a way of earning money there's no difference between manual and automated trading, both humans and robots use algorythms. So you need only 2 things: a good ea and a some time and knowledge to optimize it or just place necessary settings. And voila!
Personnaly i use Double Profit robot by Max Navis and AFL winner indicator just to contorl trading process and intercept if its necessary.

[DirkNannes]

Been using a scalping strategy which I reckon is awesome, so hope it lasts... Using an ECN trading platform - always make sure best trading environment for scalping by providing very narrowest trading spread.

[orni308]

There are multiple strategies that come in handy in different market conditions, so you should have multiple startegies.

[DirkNannes]

From all trading strategies scalping is mainly considered as a most usable and profitable trading policy that brings profit in a short time. But in spite of a profitable trading policy scalping cannot use in a regulated trading broker. So, we scalpers have to choose in regulated trading brokers which does not restrict any kinds of trading techniques with scalping and hedging.

[Techchartist]

I recommend technical analysis trading strategies such as chart patterns and indicators

[Uncle]

There is nobody who can predict the real faction of this market with certainly, that’s why for making profit with great consistent we the traders have to depend on our trading strategies that we select according to our trading strategies. From all trading techniques scalping is mainly considered as a most usable and profitable trading approach that brings profit in a short time. but in spite of a profitable trading policy scalping cannot use in a regulated broker due to many restrictions.

[chin100]

There is no good strategy without experience.

Someone may tell you to do this when this happens to make a profit, but they do not tell you what to do when it all goes belly up, or something changes in the market.

[BubbleGum]

That was a too old thread to start again because the post creator might not be active here anymore and suggesting anyone for the content and strategy is not going to help anymore.

[dangtrader]

Originally Posted by chin100

There is no good strategy without experience.

Someone may tell you to do this when this happens to make a profit, but they do not tell you what to do when it all goes belly up, or something changes in the market.

We often forget about risk in trading that's our major mistake, we tend to calculate only profit and neglect potential losses that takes its toll

[Uncle]

The newcomers always should be careful before using leverage, because it always contains risk. If you know how to manage risk when trading, then it is possible to make profit very rapidly by using leverage, otherwise your condition could be as like short time suicide.

[chin100]

If you want to be a successful trader then you need to have a successful and working strategy and you should not copy other strategies. But you can get help from Forex signals to trade successfully.

[BubbleGum]

Seriously, people will never share their profitable strategy with others. Because no one cares which is given free. If it has some value, people will take it seriously and work on it.

There are probably a thousand easier ways to make money than by trading forex. You will need to have an obsession with trading. You have to absolutely love trading. You have to love analyzing the charts. Again and again and again.

[Flintoff]

When it comes any trading strategy, it got to be figured out really carefully. IF we go on with things without able to understand them in actual, it will just be pure disaster. So, we need to ensure to have everything worked out accurately, it is ONLY way we will be able to gain.

I do stock trading and there, I make sure to have solid plans with good money management, as that’s where one could gain well and consistently. I focus around BAC forecast which keeps me on good zone and allows me good and consistent profit making.

The first step towards a successful strategy is analysing the market and having idea of where the market could race towards. It is where I feel great with following up of eur usd prediction, it allows me to make good decisions and keeps me in comfortable zone. Yet, one needs to be regularly practicing and planning to handle different situations, IF we are careful and are good at planning up, then we are able to generate decent amount of money.

[BubbleGum]

Keep in your mind that forex and stock trading are all the matter of taking risk. The only thing that you have control on is the amount of the money you put in every trade and also the amount of the money that you let be lost.

As I think there is no short cut to success. as far as matter of best forex trading strategy, its a journey not a destination, the first thing you will have to keep in mind is learn from your mistakes and do not repeat in your strategy.

[Patraohi]

Does scalping have a strategy or is scalping the strategy? Let me rephrase, is scalping a trading strategy?

[BubbleGum]

Scalping is a strategy and Traders use scalping with different parameters. Few use it with different time frames and few use it with different indicators.

[ZacKing]

very useful hints and tips here, will deffo implement, thank you

[mlawson71]

Thank you so much for this detailed advice, I will keep it in mind while trading.

[BubbleGum]

Scalping is one of the strategy which can be used by any trader, also used by beginners in Forex market. A person using a scalping strategy must be a quick decision-maker and confident enough on his trade transaction.

[mlawson71]

Scalping requires very fast reaction time and a very calm head, I don't think every trader can be good at it.

[PapiaKhatunAsha]

As a trader, it is must to have extremely tight strategy and method in order to be successful, as without having that it is almost possible for anyone to be able to gain. I find it super easy through FreshForex broker using the luxuries available here whether in shape of tidy spreads, lightning fast execution of trades and of course, it is with the very loved feature of Rebate Scheme to help with.