You may have ever wondered whether or not you have an interest in changing a trading strategy? If it turns out that the strategy on the markets is lost or does not allow you to actually earn money, then yes, you’ve got to change it, or even to move. However if your trading strategy is winning, it is advisable not to touch it and continue to speculate with the strategy in question as. Only if you are an experienced trader who takes advantage of the Forex market for years, then, yes, you might change your strategy, optimize it with only a few elements that will benefit and you will increase your profits.
The utility of a trading strategy
Having a trading strategy is absolutely necessary, since without strategy we would market position at random, with unnecessary risks and we would simply doomed to failure. A trading strategy gives us clear and precise instructions, it tells us when to take position on the market, when to exit the market, which take risk per trade and in what market conditions or intervene keep clear.
Why change a winning team?
You’ve probably heard the expression “Why change a winning team? “And though this is also true in forex trading, why change something that works (your strategy and your own)? Earning money on the financial markets is not given to anyone, a well-known statistic is that 90% of traders who do not make money in Forex. If you are a winner and a method traders allows you to be profitable then you have no interest in modifying the risk of falling into the category of unprofitable traders. Have a strategy and a winning trading plan is to be part of the successful traders and are likely to achieve success in the financial markets, a trading trading strategy that works therefore has no place to be changed unless the trader is truly expert and only brings a little more to his method.
Possibly optimize its trading strategy
If you have crossed the 5 stages that lead to success in Forex trading and you are an experienced trader who has a proven and regularly earns money on the money markets through its forex broker then you know what you made and can optionally change (or rather optimize) your forex trading strategy already winning. Optimizing your strategy can include the addition of a technical indicator to your chart that will bring value to your results or changes in your money management or your way of taking a stand for example. Change a winning trading strategy requires some dexterity, it is important that the change made is really useful in trading, not distorts and brings a little more to the results curve.
Finally, experienced traders we suggest if you want to bring a little more to your trading strategy, the study of market profile, this tool still too little used by retail traders today could possibly interest you as possible through to him to determine some key areas and price levels.