While forecasting market reactions to idiosyncratic macro events may seem a black art or a fool's errand, our study of capital markets reveals recognizable patterns and the possibility of
consistently profitable trading strategies.
I am still trying to figure out how I can have
a profitable trading strategy.
Once you've found
a profitable trading strategy for your personal style of trading, you must then have the discipline to follow the rules of your trading system.
Note: If you are interested in finding
a profitable trading strategy, I recommend Day Trading Forex Live.
This week, we are reviewing an Edgewonk journal from a trader with
a profitable trading strategy and a good track record.
2 - hour step - by - step online video tutorial about how we created
a profitable trading strategy (EA) in one day, which made 70 % gain in its first year on a real MT4 account.
All it takes to be a successful trader is a good money management strategy, psychological discipline, and proficiency in at least one
profitable trading strategy.
Consistency is the key, though, and to be consistently profitable you must know at least one
profitable trading strategy and become an expert at it.
Next to learning
a profitable trading strategy, money management is the most important factor in determining just how successful you become as a trader.
The bad news: Creating
a profitable trading strategy is hard.
Skills listed on a Proprietary Trader's example resume include analyzing market trends, conditions, and developments to formulate effective and
profitable trading strategies, and minimizing risks through careful management.