Good and bad trading strategies

[Nilde Lucchese]

To be successful as a forex trader, you must learn to distinguish between good and bad trading strategies. The most obvious way to measure success is to test in demo account and look at the profit and loss result for all given strategies. But there are other things to consider when choosing a trading strategy. Some brokers don’t allow a certain trading strategy like hedging. But Eurotrader allows all kinds of strategy. 

[Mrsooduraske]

How can we differentiate  between a good and bad trading strategy?

[maspluto]

That is why traders need training and learning on demo accounts and Tickmill's educational program, so traders can try out existing trading plans with the best possible minimum risk.

[Hanan Öberg]

Strategies should be created by demo trading. Usually, you can easily create a strategy by doing demo trading. There are many traders who cannot make a profit by trading for a long time because their strategy does not work perfectly. I trade on Eurotrader brokers. These brokers help me a lot in creating strategies. You have to try to create a strategy by making a small deposit inside this broker.

[uncle gober]

A trading plan must indeed be owned by a trader, this is needed and necessary so that traders can be maximized in carrying out trading activities as expected while on a real account with Tickmill.

[Jo Eshuijs]

Any successful trader will tell that traders must build a good trading plan and follow it. No one can trade for long time without a trading plan. Traders should develop a FX strategy and test it thoroughly. Make an adjustment if needed. Then repeat it until it generates heathy profit. My broker Forex4you provide demo account where I can easily test my trading strategy.
 

[David Max]

Trading in forex is not a game. If you want to be a trader in forex market, you should know the basics of forex. You can learn about forex from different sources, such as: Senior traders, e-books, different types of forex books. But above all, I think the best source to learn about forex is a demo account. You can easily learn all the basics of forex from demo account. I am also a trader. I am trading with Tpglobalfx. When I was entering into the forex I also opened a demo account. It helped me to learn all the tools and techniques about forex practically.

[maspluto]

Tickmill provides demo accounts and educational programs that can be used to be able to do training and learning properly to be able to improve existing skills, profits, and experiences to be better than before.

[broforex51]

Hi, if you want a good forex robot, you can try robot by FreshForex, there are so many robot that you can use for free. just open your new account with FreshForex and choose your robot here.

[maspluto]

selection of an existing broker must be able to run properly, this is necessary so that traders can be maximized in getting the security and comfort of trading while on a real Tickmill account.

[Resolve]

8 hours ago, maspluto said:

selection of an existing broker must be able to run properly, this is necessary so that traders can be maximized in getting the security and comfort of trading while on a real Tickmill account.

I am trading in the Forex market with the Broker FXOpen and it has SSL Security for its website and also offers a secure Wallet with 2 Factor Authentication.

[Hanan Öberg]

We hardly have reliable trading strategies and that’s why we are failure by the end of the day. Towering leverage and trading in standard account will carry massive amount of risk for you. So, avoid trading with high risk as it consumes your capital. Stay careful about broker choosing. FXOpulence broker offers low trading spread and high trading leverage.

[Resolve]

On 12/29/2023 at 3:12 PM, Hanan Öberg said:

We hardly have reliable trading strategies and that’s why we are failure by the end of the day. Towering leverage and trading in standard account will carry massive amount of risk for you. So, avoid trading with high risk as it consumes your capital. Stay careful about broker choosing. FXOpulence broker offers low trading spread and high trading leverage.

 

If we are using correct leverage based settings then the income we can et from doing such types of trades will become more.

[uncle gober]

Every broker offers different leverage options, so it's important to choose one that aligns with our trading style. That's why I chose to join Tickmill as my broker, allowing me to trade comfortably and securely.

[Hanan Öberg]

Success in Forex trading hinges on distinguishing effective strategies from ineffective ones. Testing in a demo account is essential for evaluating profit and loss. Additionally, consider broker restrictions, as some may not allow strategies like hedging. Always align your strategy with your broker's policies for optimal trading performance. Truly to say that I am flexible to apply any strategy with LQDFX broker due to their no restriction and they offer multiple trading accounts with variety of trading facilities.

[uncle gober]

The more experience gained, the easier it will be for traders to trade. That is why understanding and knowledge continue to be developed, this is done so that traders increasingly understand forex trading and can trade comfortably and safely with the Tickmill broker.