When can you judge that the trading method is wrong?
The forex trading method that is being judged for not making profit, hmmm... maybe this attitude will only be tried for those who are still new and just understand forex trading, bro, so it's not only them but you and I have even faced the same thing same. Doing forex trading for example with strategy A, several times facing profits and once a loss immediately changes to looking for method B, and later if it's not suitable look again for C and the like continuously, with this concept for me it will be a busy schedule looking for a trading system just and yes you won't get anything.
So with that problem, if for me, who has understood the world of trading for a long time, I would respond like this, and in fact, most people will answer the same, the answer is that.
There is nothing wrong with technical trading, its work is to calculate past estimated prices, so the process of making these trading markers is past information, so it is valid so there is nothing wrong, which could happen and be considered wrong because of recent price movements that are still running or the cool language is running prices, and from there it can have several possible effects, which continue the trend according to the marker, there is also the possibility of a marker break or even sideways between markers. So that's how it could be some that need to be examined.
But there is also nothing wrong if you say that technically this is wrong and yes it really has to be said that it is wrong, but the words must be inserted in it, indeed there are no markers that can read price directions, so for future prospects, please come back. Stop loss and Take profit that will be discussed as long as we carry out the analysis correctly and are ready to accept any risk so that here we will meet what is called professionalism in forex trading.
There is an assumption that the trading method is considered wrong for newcomers.
- A trading method that doesn't generate profits, but not all of it is a sign error, but as traders we must be able to adjust if indeed we can't be proficient at using this method.
- Comparison of trading patterns in each time frame, this is sometimes considered a lot wrong because the opportunities between time frames are not the same.
- Invalid patterns are often found, invalid itself is a pattern that is considered unprofitable because the pattern forms a 90% profit percentage but is followed by a different price pattern. from there it is generally considered invalid or invalid and is considered by many traders to be wrong.
- And many more.