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Finding A Profitable Strategy

Finding A Profitable Strategy
A trading strategy is really the final part of the equation. Everything we have discussed up to this point has illustrated the importance and power of slow, steady, and consistent growth. Even if a trader believes this is theThe Indicisive Traderkey to success will find themselves jumping from forex trading strategy to trading strategy faster than a middle school girl changes boyfriends. Unfortunately, literally nothing good can come from the constant shifting of trading strategies. If you are guilty of being an indecisive ‘system jumper’ then I would recommend doing the following.
1.) Look at the reviews! If you go to google and type in the name the product and then add the word “review” you will find out what other people think. . If you did you would find the reviews for Day Trading Forex Live at Forex Peace Army (FPA). If you type that in for a specific service you are looking for and they are not reviewed at FPA then the service is probably a fly by night and there is a reason no one has heard of them. If you find the FPA reviews and they are BAD, then once again use your head and listen to what people who have actually seen the service say. 
2.) Find a strategy that fits you personally. One of the biggest things every trader needs to know is what type of trader they are. Are you a long term position trader or do you prefer short term day trading? Knowing this eliminates many trading strategies right away. Are you a manual trader or do you believe there is a magic fairy dust indicator that tells you when to buy or sell (HINT: fully automated Indicators and EA’s don’t work).
3.) Once you find a strategy with good reviews and one that fits you personally then stick to the trading strategy for 6 months! So many times traders try to learn to trade a strategy in a week or two before they give up. News flash, you competing vs the largest most well funded businesses in the world. They hire the best, smartest, most well trained individuals that live, eat, sleep, and breathe trading and you think a week or two of forex training is going to allow you to beat them consistently? There are plenty of forex educators that will tell you they can teach you to trade in a few days or a week just to get your money but you need to sit down and use your head for a minute. Not only should you not believe them but it should tell you about the character of the educator you are looking at learning from.
Putting It All Together
The long term pain of failure is always worse than the short term pain of effort! The time and effort spent learning to trade is well worth the end goal. If you have not achieved your trading goals I would urge you to put the points in this article to use now! I’ve been trading for close to 10 years and I have been teaching for close to 7 years of those years. Over 5,000 traders have gone through… I can promise you I know why traders fail. I know from not only a decade of trading experience but also personal contact with literally thousands of traders. If you use a safe risk per trade, focus on consistent growth, and stick with one trading strategy you will be in the best position for success 

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