How much do you trust your own trading strategy?

Discussion in 'General Forex Discussion' started by Rambo35, May 5, 2014.

  1. Rambo35

    Rambo35 Confirmed PaxForex Representative

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    There are numerous reasons that can get in the way of becoming a profitable trader, not trusting yourself and your own trading strategy is one of the big ones. How often you are not following your own trading strategy?
     
  2. Pionex

    Pionex Trader

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    I trade in different strategies with indicators and patterns. I don’t think that here is anything about trust. I think before order that it will be better for this trade in this time and then I apply it. I make loss or profit that’s not matter. But when I open a trade, I think I fully trust my strategy. What will happen next, that is not matter!
     
  3. fxapex

    fxapex Active Trader

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    different market situation needs different strategies, and if you have have studied the market well, you are going to trust you strategies.
     
  4. Aby123

    Aby123 Active Trader

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    I trust my start plan 85% and the rest is hope- Hoping that it'll work. haha (noob)
     
  5. Fxpipper

    Fxpipper Master Trader

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    That's a loaded question, let me see - I would trust my strategy to work about 70% of the time..but as another poster made the point, by the time It comes to applying it, I'm all in..
     
  6. Exness Support

    Exness Support Active Trader

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    Well it is important to trust own strategy but also with time change it and make it better when required. you should backtest your strategy and see the results before you go real.
     
  7. fxapex

    fxapex Active Trader

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    Back testing consumes lot of time, and sometimes you miss out right time to enter or exit market.
     
  8. inggo

    inggo Master Trader

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    as much as possible i stick the strategy, unless things get a bit complicated then i bail out with min loses or min profit :D I love my strategy (which is pretty much basic) but i cant say i fully trust it
     
  9. shl2412

    shl2412 Banned

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    Of course i am doing forex trading from my trading strategy and i earn good money from my trading strategy and this strategy i applied this strategy on my demo and then i applied it on my live account due to this i trust on my strategy.
     
  10. ClueBox

    ClueBox Trader

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    Of course, I trust my trading strat and if I don't I won't be doing trading. But still it depends since forex is fast changing and some strategy may not work at the moments market movement.
     

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