Perfect one simple strategy to become a successful traderby milton ferrara CEO
First off, you should know that one strategy isn't simple, it can create a lot of changes. It can help you reach the highest of trading. Most great personalities and companies have reached the top just by mastering one strategy or technique. In order to achieve success, it is important to master that one strategy. Basically, if you look at Singaporean traders they do not deal with a lot of strategies rather they deal with just one strategy. They focus on one strategy, test it, practice it and perfect it. So by repeating the procedure, you will be able to sharpen the strategy to the next level. It is not wise to focus on all the strategies rather try to focus on just one. You may assume that successful traders use different strategies so it helps them to succeed. But it is not the case. They just pick one strategy and stick to it completely. Through this method, they will be able to reduce stress and tension which can happen the other way around. If you want to achieve success in a short time you should master one strategy in a perfect way. You will learn to achieve your goals, even if they are long term. By mastering a strategy you will be able to increase the level of productivity. You can become a significant trader by mastering a particular strategy.
Those who trade the market with different trading strategy are always losing money. They don’t understand the importance of proper discipline in the retail trading industry. You might be thinking this market has nothing to do with probability factors but in reality, this is one of the most important things you need to understand. Try to fine tune one simple strategy this is the most efficient way to improve your winning edge. You might not understand that risk management factors are the most crucial thing in the forex market. But if you start following a trading journal things will become very clear for you.
Learn from start to end
Nothing is easy at the very beginning but learning from the scratch will help you understanding in better ways. If you want to expertize in a particular strategy you should expertize in the learning process. Even in CFD trading, you would have to deal with just one strategy in the best way. When you focus on a strategy it helps you to get a better view of the market. Basically, when you master a strategy you will deal from start to end. Starting from trade entry, trade exit, stop loss, money management, and overall trading journey. So you will be handling the entire process. You just have to focus on one strategy without being distracted by other variables so that you wouldn't try to search for countless strategies. However, you should be confident in what you do, and repeat the process until you become familiar. By doing this you will become well-versed in one strategy and it will help you become a better trader.
Believe one strategy can do anything
You should believe that one strategy can do anything in trading. For example, successful businessmen do not focus on many strategies rather they implement just one strategy to succeed in their business. They make sure to execute the strategy flawlessly as they have mastered it in an excellent way. If you narrow your selection you will be able to handle it in the best way.
Specialize in one thing
If professionals are making profits it is because they are specialized in what they do. If you want to become professional traders you should also specialize in what you do. If you follow as mentioned above you will be able to master it better and become specialized in it. If you are disciplined, passionate and patient in trading, it wouldn't be a big deal to become successful.
Created on Jun 23rd 2018 09:54. Viewed 748 times.