Till your lifetime using the same profitable method - Forex Questions and Answers - FXAnswer

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Till your lifetime using the same profitable method

Is it wise to trade only one trading system one finds profitable, leaving anything new out to aviod confusion?

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In Forex Strategies
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- thegreeks
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1 year ago

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0 Votes Will that trading strategy be good enough to apply to different market conditions and consistently make you money? If the answer is yes, then stick to it. However, you actually do not need to apply it all the time as there are times when it is best not to trade, isn't it? Not to trade at certain times is also a trading decision as it may keep you from making wrong moves if you stay away for a while if the market direction is unclear. by fxpie 1 year ago by fxpie 1 year ago
0 Votes Not a good idea to only have one strategy as the Forex market is dynamic. Always have more than one strategy. There is a saying " Don't put all your eggs in one basket" holds true for forex strategy as well. by RPT 1 year ago by RPT 1 year ago
0 Votes Not a problem to stick with just one method which can consistently generate profit. The objective of trading is to make profit, that all. by Kingpin 1 year ago by Kingpin 1 year ago
0 Votes If profitable ok but ifyou have another profitable method that can be good as well by Harold 1 year ago by Harold 1 year ago

Votes

Will that trading strategy be good enough to apply to different market conditions and consistently make you money? If the answer is yes, then stick to it. However, you actually do not need to apply it all the time as there are times when it is best not to trade, isn't it? Not to trade at certain times is also a trading decision as it may keep you from making wrong moves if you stay away for a while if the market direction is unclear.

fxpie

1 year ago

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Not a good idea to only have one strategy as the Forex market is dynamic. Always have more than one strategy. There is a saying " Don't put all your eggs in one basket" holds true for forex strategy as well.