One trading strategy is enough.
One trading strategy is enough.
My observation of some older traders who are consistently profitable in the market, I have observed that they usually are very consistent with their strategy or approach to the market.
Just as starting to trade on one pair first is important for a beginner trader, it is also necessary for a new trader to know that the easiest way to become confused is to try to learn different trading strategies from different traders or sources at once.
One trading strategy is enough to make you successful until it is no longer working.
As a new trader, trade on one pair is enough as they still learn about trading and need to understand how to trade properly. They don’t have to force themselves to trade more than one pair because that can makes them difficult to controls their emotion. They can lose their focus to watch and analyze the market and could be late to take action based on the current situation at the market.
Based on my experience almost all trading strategies are the same the only difference between other strategies is that is the execution and process but all of them are the same.
So it is a good idea to try all strategies I’m sure you will notice that they don’t have any difference to other strategies learning them all gives you more insight and gives you more confirmation that gives you confidence where you put your position.
You don’t need to know bunch of strategies just for you to be profitable. One working and profitable strategy as a trader is enough to stay and make yourself beneficial from it.
But if you’re still looking for a good one, all you have to do is to make yourself comfortable to whichever works for you. You’re free to test a new one if you want to but stick to which is working.