Make strategies before you start anything.

[Zain Ahmed]

we can make good and successful strategies when we have good knowledge about the market, and we need to practice on demo trading account after learning, we can try this strategy via demo trading before test it on real demo trading.

[sumerach]

Yes a strategy defines your plans and contengencies that you apply while doing your business or in terms of forex " Trading".
Strategy is very essential part of any business specially in Forex. If we are following a powerful strategy then we can say we are doing a planed business.

[Alihassanmughal1]

yes bro you are right,strategies is very important for forex trading,Position your tongue right. Place your tongue behind your upper set of teeth for a natural smile. If you prefer to smile with your mouth closed, make sure your lower lip doesn't protrude too much that it almost looks like a duck face. This way, your face won't look like it was just forced to let out a smile its very important

[weeklyscalpertrader]

Boss jab ham as mien plan bana ker kaam karte hien tu ham as mien zaror kamyab ho sakte hien as lyee ham ko as mien mansoba bana ker as mien kaam karna hota h aur ham ko as mien himmat nahi
harna hota h aagr ham as mien aik bar fail ho jate hien tu ham ko fikr nahi karna hota h aur ham ko as mien aur zyada mehnat karna hota h aur ham ko dakhna hota h k kaha say ham ny galti ki h aur ham ko as mien ye galti nahi karna hota h as lyee ham ko as mien her bar kaam karna hota h aur ham ko behtreen kaam karna hota h jab ham as mien plan karte hien tu ham as mien kamaee ker sakte hien as lyee soch samjh ker as mien ham ko kaam karna hota h.

app ko chah ka app jo bhi kam kar raha hain, os k leya ek strategies benya phr he kam karna sharo karan ya buaht achai bat hai, or Forex main tu app tu app begar strategies k yu buaht mushkil hai trading karna tu , agra app nay strategies say Forex main trading ni ki tu phr app ko loss ho ga, phr app ny jo socha hai wo phr ni profit k bera main socha hai wo ni ho ga,

[ntn]

Boss jab ham as mien plan bana ker kaam karte hien tu ham as mien zaror kamyab ho sakte hien as lyee ham ko as mien mansoba bana ker as mien kaam karna hota h aur ham ko as mien himmat nahi harna hota h aagr ham as mien aik bar fail ho jate hien tu ham ko fikr nahi karna hota h aur ham ko as mien aur zyada mehnat karna hota h aur ham ko dakhna hota h k kaha say ham ny galti ki h aur ham ko as mien ye galti nahi karna hota h as lyee ham ko as mien her bar kaam karna hota h aur ham ko behtreen kaam karna hota h jab ham as mien plan karte hien tu ham as mien kamaee ker sakte hien as lyee soch samjh ker as mien ham ko kaam karna hota h.

[Zain Ahmed]

You're right because if you have good tested strategy and then you can make money easily, we have to practice well and make good strategy then trading on live trading account, because Forex need to learn the technical and fundamental analysis.

[mehro]

1. Gather the facts


To know where you’re heading, you have to know where you are right now. So before you start looking ahead, you should review the past performance, or the current situation. Look at each area of the business and determine what worked well, what could have been better and what opportunities lie ahead.

There are many tools and techniques available to help with this process, such as SWOT (Strength, Weakness, Opportunities and Threats) analysis.

You should look internally at your strengths and weaknesses. And for the opportunities and threats you should look at external factors. A great framework for looking at external factors is PESTLE (Political, Economic, Social, Technological, Legal and Environmental). So, for your big idea or plan you would ask: what threats and opportunities could arise under each category
2. Develop a vision statement
This statement should describe the future direction of the business and its aims in the medium to long term. It’s about describing the organisation’s purpose and values. Business gurus have debated long and hard about what comes first – the vision, or the mission statement (see step 3). But, in practice, you could develop both at the same time.

3. Develop a mission statement
Like the vision statement, this defines the organisation’s purpose, but it also outlines its primary objectives. This focuses on what needs done in the short term to realise the long term vision. So, for the vision statement, you may want to answer the question: “Where do we want to be in 5 years?”. For the mission statement, you’ll want to ask the question
What do we do?
How do we do it?
Whom do we do it for?
What value do we bring?
4. Identify strategic objectives
At this stage, the aim is to develop a set of high-level objectives for all areas of the business. They need to highlight the priorities and inform the plans that will ensure delivery of the company’s vision and mission.

By taking a look back at your review in step one, in particular the SWOT and PESTLE analysis, you can incorporate any identified strengths and weaknesses into your objectives.

Crucially, your objectives must be SMART (Specific, Measurable, Achievable, Realistic and Time-related). Your objectives must also include factors such as KPI’s, resource allocation and budget requirements.

5. Tactical Plans
Now is the time to put some meat on the bones of your strategy by translating the strategic objectives into more detailed short-term plans. These plans will contain actions for departments and functions in your organisation. You may even want to include suppliers.



You’re now focusing on measurable results and communicating to stakeholders what they need to do and when. You can even think of these tactical plans as short sprints to execute the strategy in practice.

6. Performance Management
All the planning and hard work may have been done, but it’s vital to continually review all objectives and action plans to make sure you’re still on track to achieve that overall goal. Managing and monitoring a whole strategy is a complex task, which is why many directors, managers and business leaders are looking to alternative methods of handling strategies. Creating, managing and reviewing a strategy requires you to capture the relevant information, break down large chunks of information, plan, prioritise, capture the relevant information and have a clear strategic vision.

[sumerach]

of course, it is very important to make strategies and work with it, and not only for forex trading but for all business
and with it then the trader will go trade and can overcome some condition with well

[nitin2]

it is always important to make a good trading plan with a good and tested strategy so you can trade well in the direct market and get a good amount of profit from it, so yes planning is needed in trading. and every trader must have his own strategy to provide perfect trading and that strategy can be obtained from training on a demo account. if a trader can practice on a demo account for a long time then the trader can understand the forex market perfectly and can also get a good strategy to provide perfect trading on his live account.

हां, एक रणनीति बनाना आपके व्यापार के लिए एक बैकअप योजना बनाने जैसा है क्योंकि एक रणनीति बनाने से आपको अपने लक्ष्यों को पहचानने और अपने लक्ष्यों को स्पष्ट करने में मदद मिलती है। आप कई व्यापारिक रणनीतियों का उपयोग कर सकते हैं जैसे स्टॉप लॉस, प्रॉफिट लेना या लीवरेज जो प्रत्येक ट्रेड के लिए ठीक से उपयोग किया जाता है। रणनीतियाँ न केवल आपको कुशलतापूर्वक व्यापार करने में मदद करती हैं, बल्कि आपके मुनाफे में वृद्धि की संभावना को भी बढ़ाने में मदद करती हैं।

[mainhard]

it is always important to make a good trading plan with a good and tested strategy so you can trade well in the direct market and get a good amount of profit from it, so yes planning is needed in trading. and every trader must have his own strategy to provide perfect trading and that strategy can be obtained from training on a demo account. if a trader can practice on a demo account for a long time then the trader can understand the forex market perfectly and can also get a good strategy to provide perfect trading on his live account.