Flexibility trading is unbeatable

[milkymo]

One first answer, of work, is by paper trading. Paper trading means that you do not actually execute your orders, but you only "bookkeep" them, testing on paper what their results would be.

 

How does a trader check his/her strategies & abilities without paying (or paying too much) for his/her mistakes ?

I would say there are six feasible answers.

 

Say you trade your strategy for some time with a simulated account, & everything goes fine; you would expect that actual trading ought to go fine as well. Still, there is an issue you did not deal with: your emotions. These will come in to the game only when you trade along with your actual money. Emotions can do a giant difference. they often report differencies in results between traders that can be absolutely comparable in terms of market know-how & strategy. Why ? because they often force you not to follow the rules of your trading plan. Emotions can make you a hard life in keeping the required discipline.

 

At the next level you can trade in a simulated account. This is similar to paper trading, as you are not trading with actual money, but testing the result of your strategies; on the other side with a simulated account you are really using you Broker platform so you are simultaneously training yourself in dealing with order execution issues.

Simulated accounts are nowadays offered by plenty of Brokers; in the Forex promote it is common to get this feature.

 

So the third answer to our first query is: by trading small. You might object that, if the trading size is too small, your emotional involvement will even be small, so the goal of putting emotions in to the game is missed. Partly, this is true. However, the difference between using actual money & playing with numbers is there. & the decision about how giant the size ought to be, is yours.

 

So, how to deal with the emotional issue of trading ? there are methods to learn also in this topic, of work, but in this case your own direct experience is more difficult to replace, in my view. However, the experience can be expensive, of work. A feasible solution is to trade with actual money, but in a very small size. This is always a nice suggestion at the beginning. Start small, gain experience & then increase gradually your trading size.

 

The forex market gives you giant flexibiliy about your trading size.

First, because the maximum required to open an account can be really small, in the order of $300. Trading size of work can be small too. The Forex market offers you a great leverage possibility, but again, how much of it to make use of is something that only you can choose.

Second, because in the forex promote it is common for Brokers not to charge a fix commission to trades. The cost of the trade is usually represented only by the bid-ask spread. This means that small trades are not penalized by fix commissions.

This flexibility can offer an advantage for traders who require to gain experience before moving forward.

[budado]

Theirs a demo account so I dont think it advisable to do paper trading. why trade in papers when you can trade demo account as demo account is the nearest experience you can get without losing money. In paper trade as you say how will you know that you going to get a hit or not? Even if the price hit the price you wanted their still a tendency that you will not get fill.

[ATSATS]

some times flexible trading help to get profit but one day it will be harmed. actually i follow some indicators and searching many kinds of technique but can not get. i have some incators which give me 70% minimum correct signal. but i want 90-100% correct result. but can not get. if you have please inform me.

[standart]

you should be thankful if your indicator able to generate 70% correct signal. by follow these signal, I assume that your trading result will be 70% winning and 30% result. what a good result. while in other hand, other trader maybe still struggling to pass 50% winning rate.

[Thayungsta]

thanks for this it is good to know how you can less pay your mistakes when your indicator will be there to help

[standart]

market changes and traders should change the positions. being flexible in risk management and strategy necessary. however, it applies for experienced traders only. for traders who have lack experience, better if they are do not conduct experiment with strategy and plan rules.

[myregister]

Being flexible in forex means that you are ready to take any kind of technique as long as its bring a lot of profit, also the amount of lot that you are ready to risk depends on your own condition not just because you want to earn with that much, and also plus other factors such as the market condition.

[Alice Frampton]

Yes it is very important to be flexible but at the same time we must not over do it because I have seen so many traders been flexible bit too much and even when the time is to keep things simple and easy they mess it up with trying to be over the board which is not right.

 

I am able to trade with a lot of flexibility thanks to OctaFX broker as they have given me amazingly low spread of just 0.2 pips, high leverage up to 1.500 and also a trading platform like cTrader, it is especially develop for ECN traders while we get all our trading orders executed instantly without any requotes or delay happening, so that helps so much.

[myregister]

market changes and traders should change the positions. being flexible in risk management and strategy necessary. however, it applies for experienced traders only. for traders who have lack experience, better if they are do not conduct experiment with strategy and plan rules.

Flexibility is a must, if your strategy does not work then you must change for the plan B. It would help for reducing more risk thus you will feel safe with this kind of flexibility since you don't have to stuck with one strategy if something is going wrong.

[budado]

If we understand what we are doing then the answer is yes. problem is that theirs just too many who does not know what they are doing to start with so how can you expect them to earn money in forex trading. So far so good that I do build my trading accounts and I do hope that in the long run I can really make good money in here. this is what I am hoping to achieve right now.

[myregister]

Yes it is very important to be flexible but at the same time we must not over do it because I have seen so many traders been flexible bit too much and even when the time is to keep things simple and easy they mess it up with trying to be over the board which is not right.

 

Being flexible does not mean you have to switch every time you loss, it means that you have to be neutral and see not only one strategy as the most suitable way to make profit, either scalping or swing that is not even matter. Be flexible will help you a lot.

[pepy]

Flexibility is for sure an unbeatable part if you have it, with this you don't have to stick with one or two strategy only but could be more and more. With the flexibility of your trading profit would be closer and somehow you can manage the risk better, for example you can combine or choose between fundamental and technical analysis..

[myregister]

So that is why i said that someone must be neutral when it comes to choose which strategy that will work for them because not every single strategy will worl and if you want to optimized your profit then you must be more flexible rather than before.

[pepy]

Yes it is very important to be flexible but at the same time we must not over do it because I have seen so many traders been flexible bit too much and even when the time is to keep things simple and easy they mess it up with trying to be over the board which is not right.

 

I am able to trade with a lot of flexibility thanks to OctaFX broker as they have given me amazingly low spread of just 0.2 pips, high leverage up to 1.500 and also a trading platform like cTrader, it is especially develop for ECN traders while we get all our trading orders executed instantly without any requotes or delay happening, so that helps so much.

Over-flexible? Is something like that really exist? I mean when you are flexible enough you can change your strategy during the right time so in this case it is not exist. Flexible trading doesn't mean you cannot stick with one strategy or unstable when choose what kind of strategy you want to use.

[myregister]

What's wrong with doing flexible strategy, forex itself allow us to do that and the best thing that forex itself despite of its high risk also flexible enough. It is not unbeatable but less prone to the loss since its flexibility helps us to control our own trading and reduce the risk greatly, also not to mention you can still able to get profit even it is in small amount.

[obieze]

i think that instead of one to be doing paper trading it is better for you to trade on demo account while because it will help you a lot in trading on real trading,so it will help you to avoid much lost when you are trading.

[Gidencenti]

I completely agree with this theory, because if you work according to different options with understanding, then this will give an excellent result

[Vaabum]

I think that this trading option is quite good, and with the right approach, it may well bring profit.