Do You Have a Trading Strategy?

[Golden9]

The best way to consistently make money trading assets is by having a strategy that's profitable more times than it leads to losses.
A lot of those who want to trade full-time takes some time to get this edge. Have you gotten one?

 

[arunima]

I am not personally into trading. It's a risky way and one has to have the risk appetite for it. I don't do trading of any sort but I have financial portfolio that involves other risk involving ways like stocks and mutual funds. My strategy in any investment would be to know about it and then go for it only if you are comfortable and it suits your risk appetite. One learns more and more in the journey but I prefer to have a basic level of understanding and comfortability before venturing into any such financial plan.

 

[Suba]

As far as I know, there is no trader who can find the best trading strategy on forex, crypto and stocks, which makes profits more often than losses, each strategy has advantages and disadvantages. For novice traders, they use more simple trading strategies such as Range Trading,

 

[hastral45]

As a professional traders either in stocks, Forex or cryptos, you must have strategic trading formular which you abide with. You don't just trade haphazardly. Your trading formular must be dynamic in nature.

 

[Hate2Wait]

I'm not trading as yet but yes it's must to have a strategy if we like to work upon and make profits

 

[eldavis]

There was a time where i took trading a lot seriously, though was not a professional in any way but there where some methods i made use of that helped a little. For now am not trading, i hope to start later this year.

 

[riberet19]

yes, indeed I have, for example I only trade at specific moments in which I think the market is optimal for trading or I wait for signals that I think are good entry moments, going blind in the market is not really an option

 

[Hate2Wait]

If I can find a way to get paid in bank through crypto then it'll be best and then I can go for crypto trading as I feel it's a better option as compared to stocks

 

[nomad]

I prefer long term investment to trade. If you want to trade, make sure to choose the right platform.

 

[Hate2Wait]

This is a good suggestion and that's why we need to look for long term investments as these are the ones that have lesser risk

 

[riberet19]

This is a good suggestion and that's why we need to look for long term investments as these are the ones that have lesser risk

Exactly, trading is a very risky activity and you have to have a very good strategy to carry it over time. Long-term investment reduces risk, although it will take longer to see results.

 

[uptrendfinancialsignal]

Trading strategy should be developed if you want to be a very good trader.

 

[Magnus2022]

I don't trading because I can't stand the pressure. I nearly have heart attack when the market moves in opposite direction. I have decided to invest in other businesses than to have heart attack.

 

[arunima]

Trading does involve a lot of risk. So, one needs to have that risk appetite to start trading. And one needs to have the basic knowledge and updates about the market too. If you can't take the pressure or have low risk appetite, it's not your cup of tea. You can either totally avoid it or start with minimal amount that you can take risk with.

 

[cherry123]

I agree with you the best way to consistently make money trading assets is to have a strategy that's profitable more times than it leads to losses. you will enjoy it

 

[arunima]

One of our close friend is totally involved into trading. He earned enough from his job and saved enough to take an early retirement and get into full time trading. We see a couple of big screens in his office room where he keeps tab of the ups and downs in the market. Most of his Investments are for long term there. And we have seen him multiplying his money through trading. But there are days he suffers considerable losses, but he still stays cool and calm. He has developed that kind of attitude over time. Temporary fluctuations don't impact him. He views profit in long term.

 

[Yohanna]

I do have a trading strategy and it is important for every forex traders to have a unique one.

 

[Bisolami]

I do have a trading strategy and it is important for every forex traders to have a unique one.

I only trade cryptocurrency and I have a strategy for it too

 

[uptrendfinancialsignal]

I only trade cryptocurrency and I have a strategy for it too

It is good that you can trade cryptocurrency because it is a very good way to make money online.

 

[Yohanna]

It is good that you can trade cryptocurrency because it is a very good way to make money online.

Developing a trading strategy is very tedious but it must be done.