One trading strategy is enough.

[Bloodseekers]

As a trader you must work on strategy development instead of trying to adopt different strategies, you can only try a different approach if the system you are using isn't really profitable. The problem with a lot of traders is that they get carried away easily by a lot of trading sf trading strategies they come across online by different traders not knowing whethr if these traders really make enough profit from it. One strategy that works is enough, you don't need multiple strategies to be in profit. This is why going for knowledge first is of utmost importance.

If you already know that there will be situations that we cannot predict when trading, of course it would be better to be able to master several strategies so that when facing unexpected situations, we will be able to try other strategies to be able to reduce the risk of loss or be able to make a profit even though it is small.
When someone learns trading online and they don't really know whether they have good trading skills or not, of course this will make us fail when we are going to trade and if they do have good skills, of course this will not be a problem for us.
Having knowledge is of course very important for anyone who is going to trade because without knowledge of course they will only spend the money they use in trading and only luck can give profit to their trading.

[justdimin]

I would say trading is a way wider subject than most people think it is. You might think learning the basics or knowing a bit about technical analysis means you are good to go, but that isn't true. When you dive deeper, you will realize that there is way more to learn than you had expected. So when it comes to strategies, one strategy might be enough for someone to make some trades and possibly gain some profit, but learning every strategy makes it possible for them to understand more situations and movements of the market at different time intervals, as you said.

You are right that a single strategy cannot be used all the time. Those who are experts in trading or are experts in the market would know each strategy and they apply their strategies according to the market and its movements. Those who fail in executing their strategies successfully are still in the learning process because as I said, you can't become a master in trading so quickly.

Actually a lot of people thinks trading is hard and it was mostly the newbies are the ones who think it was easy. It is due to their lack of knowledge but some just rush on it because they are greedy. On the other hand, many experienced traders are humble to say that trading is still not easy which is a good thing because they don't mislead the newbies or those who are not yet here.

I won't say people who are still planning to enter because even if someone has no interest, they will only get carried away when they really like what they see. Learning the basics at least is better than nothing at all. The rest can just be followed up. It's normal that diving deeper can make us say that our knowledge is still small because it allows us to access the areas that we never seen before.

This can actually mean that one strategy may not be enough and in almost any thing, it is always better to have a backup just in case the current one that we have malfunctions. If our strategy is only limited, then we have no choice but to use it at all times. There must only be times that we can fail to make profit but if we are sceptical on some other times, we can also choose to skip trading for a while.

[uchegod-21]

As a trader you must work on strategy development instead of trying to adopt different strategies, you can only try a different approach if the system you are using isn't really profitable. The problem with a lot of traders is that they get carried away easily by a lot of trading sf trading strategies they come across online by different traders not knowing whethr if these traders really make enough profit from it. One strategy that works is enough, you don't need multiple strategies to be in profit. This is why going for knowledge first is of utmost importance.

I am not sure that any trader would have a working strategy and instead of using it consistently to make money they resort in learning more and more strategies. A good trader should have one main working strategy and an alternative strategy to apply when the market misbehaves. We know how dynamic and unpredictable the market can be, that is why an alternative option is required.

We should understand that strategies get outdated and new ones emerge. That is why no one should just be absolutely comfortable with a strategy even if it works effectively.

[SamReomo]

One trading strategy is enough to make you successful until it is no longer working.

Yes, I believe one trading strategy is enough if a trader masters it fully, but that strategy won't work on all market conditions that's another fact and such a trader should understand that thing.

I know many traders who still follow Bollinger bands and Rsi strategy, personally I also somehow follow that strategy from a long time and so far it has given me good results.

And, there's group of trader who believe in buying the dip and holding it for sometime and make profit from the holding, I also follow that strategy and that one has also been really profitable for me.

Those two strategies can be combined into one strategy and they'll still work because when market is dumped then surely RSI and Bollinger Bands strategy also get fulfilled and combining those two results in even better profits if trader is emotionally strong.

[Cryptmuster]

Yes, I believe one trading strategy is enough if a trader masters it fully, but that strategy won't work on all market conditions that's another fact and such a trader should understand that thing.

I know many traders who still follow Bollinger bands and Rsi strategy, personally I also somehow follow that strategy from a long time and so far it has given me good results.

And, there's group of trader who believe in buying the dip and holding it for sometime and make profit from the holding, I also follow that strategy and that one has also been really profitable for me.

Those two strategies can be combined into one strategy and they'll still work because when market is dumped then surely RSI and Bollinger Bands strategy also get fulfilled and combining those two results in even better profits if trader is emotionally strong.

You can have one strategy, but you can use many different tools in the analysis, and ultimately you should definitely adhere to a number of rules, in which case the trader will have a much better chance of achieving profit in trading.

It seems to me that more often we are talking about one strategy, because it is not so easy to thoroughly master several at once, maybe it is possible, but it should be the main activity for a person, and if it is like a hobby, one of the activities in addition to the main job, then it is better to focus on one strategy and become an expert in it, in which case it seems to me that achieving results will be more realistic.

[Lanatsa]

Yes, I believe one trading strategy is enough if a trader masters it fully, but that strategy won't work on all market conditions that's another fact and such a trader should understand that thing.

I know many traders who still follow Bollinger bands and Rsi strategy, personally I also somehow follow that strategy from a long time and so far it has given me good results.

And, there's group of trader who believe in buying the dip and holding it for sometime and make profit from the holding, I also follow that strategy and that one has also been really profitable for me.

Those two strategies can be combined into one strategy and they'll still work because when market is dumped then surely RSI and Bollinger Bands strategy also get fulfilled and combining those two results in even better profits if trader is emotionally strong.

You can have one strategy, but you can use many different tools in the analysis, and ultimately you should definitely adhere to a number of rules, in which case the trader will have a much better chance of achieving profit in trading.

It seems to me that more often we are talking about one strategy, because it is not so easy to thoroughly master several at once, maybe it is possible, but it should be the main activity for a person, and if it is like a hobby, one of the activities in addition to the main job, then it is better to focus on one strategy and become an expert in it, in which case it seems to me that achieving results will be more realistic.

Profitability isnt really something which gives out assurance if we do speak about sure profits because no matter how many tools you would really be using or you would really be that be trying out consider
but still it wont really be ending up on having that profits. If you have decided to have or stick with single strategy then you should be focusing on a single market condition on which you would be only
be able to apply the strategy that you've been mastering. We do know that this market does have that different variations or conditions on which you would really be that normally be trying to have different
strategies. Its really that important that you should really be versatile when it comes to different market conditions so that you would really be that type of a trader on whose really that able to make trades
on different market conditions not unless if you cant be able to take up some risks then you would be only sticking into a single strategy.

[Kevystia]

From 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.

What you said isn't wrong, but I often advise traders to develop their own trading strategy first. After that, they can purchase various training courses to compare with their strategy, identifying what they might be missing and what they have that others do not. You can test multiple strategies, but before doing so, you need to have a foundational strategy—your own strategy.

Trading is a very intricate field, and if you truly want to thrive and fully benefit from it, I recommend purchasing several training courses and taking the time to compare them all in order to develop your own strategy.

[Cryptmuster]

Profitability isnt really something which gives out assurance if we do speak about sure profits because no matter how many tools you would really be using or you would really be that be trying out consider
but still it wont really be ending up on having that profits. If you have decided to have or stick with single strategy then you should be focusing on a single market condition on which you would be only
be able to apply the strategy that you've been mastering. We do know that this market does have that different variations or conditions on which you would really be that normally be trying to have different
strategies. Its really that important that you should really be versatile when it comes to different market conditions so that you would really be that type of a trader on whose really that able to make trades
on different market conditions not unless if you cant be able to take up some risks then you would be only sticking into a single strategy.

Market conditions will always be different, even if you apply one strategy and try to find similar patterns for its application, then this is a difficult path, you will most likely search for a long time and make few transactions. But if you are guided by the principles according to your strategy, then you will be able to apply it much more often. I hope I explained it clearly, in general, with experience, a trader looks at charts differently, he sees levels and follows trends, when he sees a suitable time to enter a deal, he does it, and then it's all a matter of technique and following the rules.

[Rampagoe004]

Market conditions will always be different, even if you apply one strategy and try to find similar patterns for its application, then this is a difficult path, you will most likely search for a long time and make few transactions. But if you are guided by the principles according to your strategy, then you will be able to apply it much more often. I hope I explained it clearly, in general, with experience, a trader looks at charts differently, he sees levels and follows trends, when he sees a suitable time to enter a deal, he does it, and then it's all a matter of technique and following the rules.

Professional traders do not apply one strategy every time they trade to avoid the losing system, but what they do is always follow the rules and trends that are currently taking place by looking at the scaled charts. I do not refuse if there are people who want to apply the same strategy as long as they are comfortable in trading and make a profit, continue, but remember that market prices are very volatile, they don't always move the same as before, it would be good to continue the strategy used and add some suggestions guided by seniors by using techniques that have been tried before.

[milewilda]

Market conditions will always be different, even if you apply one strategy and try to find similar patterns for its application, then this is a difficult path, you will most likely search for a long time and make few transactions. But if you are guided by the principles according to your strategy, then you will be able to apply it much more often. I hope I explained it clearly, in general, with experience, a trader looks at charts differently, he sees levels and follows trends, when he sees a suitable time to enter a deal, he does it, and then it's all a matter of technique and following the rules.

Professional traders do not apply one strategy every time they trade to avoid the losing system, but what they do is always follow the rules and trends that are currently taking place by looking at the scaled charts. I do not refuse if there are people who want to apply the same strategy as long as they are comfortable in trading and make a profit, continue, but remember that market prices are very volatile, they don't always move the same as before, it would be good to continue the strategy used and add some suggestions guided by seniors by using techniques that have been tried before.

I do also believe that you wont really be considered a professional trader if you would really be just that sticking on a single strategy. Just like on what most people been saying that as a trader then you should really be that versatile on different market conditions. There would really be those individuals who would really be trying out to diversify themselves when it comes to this manner on which making use of different strategies.
Its not easy but somehow its not really that impossible for someone to deal on with. There are really just that those people who cant that able to bare out on using different strategies on which on the moment or time that they will really be dealing up with this space then they would really be that eventually having that kind of shock because they havent been able to expect that it was really just that like this or they have realized
that there's no single strategy that would really be working on different market conditions. There are really those people who are really that making adjustments accordingly on which this is really just that a normal approach or action to do so. You would be able to find out that one strategy wont be enough for you to survive this volatile market on which this is really that something a normal approach.

[Adams0001]

Market conditions will always be different, even if you apply one strategy and try to find similar patterns for its application, then this is a difficult path, you will most likely search for a long time and make few transactions. But if you are guided by the principles according to your strategy, then you will be able to apply it much more often. I hope I explained it clearly, in general, with experience, a trader looks at charts differently, he sees levels and follows trends, when he sees a suitable time to enter a deal, he does it, and then it's all a matter of technique and following the rules.

Professional traders do not apply one strategy every time they trade to avoid the losing system, but what they do is always follow the rules and trends that are currently taking place by looking at the scaled charts. I do not refuse if there are people who want to apply the same strategy as long as they are comfortable in trading and make a profit, continue, but remember that market prices are very volatile, they don't always move the same as before, it would be good to continue the strategy used and add some suggestions guided by seniors by using techniques that have been tried before.

Using a single trading technique limits your experience and prevents you from becoming a competent trader. By employing several strategies, you will be able to determine which one is superior. I am confident that trading is a big risk, and whether you use one or not, you will most likely lose because it is volatile and you never know which one will pay. However, it is preferable for someone to use a different trading technique so that if this one does not pay, you can trade another one that will benefit you and yield a profit. That is why if you have professionals who are into trading for a long time. you should close with them they should be your mentor and you will enjoy, because they can't end a week without getting huge profit.

[Hatchy]

From 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.

First thing as a new trader for you to succeed is to stick to one strategy. This can be one developed by you, or some already existing one.. so long that strategy is able to put you into profits, the best thing to practice till you become a master of it. What kills most new traders in the market is that they focus on too many strategies, making their chart noisy and unclear. Try using simple and straightforward strategies and stick to one pair at a time. I've seen so many big traders whom have blow in forex all trading just a single pair.

[dunfida]

Market conditions will always be different, even if you apply one strategy and try to find similar patterns for its application, then this is a difficult path, you will most likely search for a long time and make few transactions. But if you are guided by the principles according to your strategy, then you will be able to apply it much more often. I hope I explained it clearly, in general, with experience, a trader looks at charts differently, he sees levels and follows trends, when he sees a suitable time to enter a deal, he does it, and then it's all a matter of technique and following the rules.

Professional traders do not apply one strategy every time they trade to avoid the losing system, but what they do is always follow the rules and trends that are currently taking place by looking at the scaled charts. I do not refuse if there are people who want to apply the same strategy as long as they are comfortable in trading and make a profit, continue, but remember that market prices are very volatile, they don't always move the same as before, it would be good to continue the strategy used and add some suggestions guided by seniors by using techniques that have been tried before.

Using a single trading technique limits your experience and prevents you from becoming a competent trader. By employing several strategies, you will be able to determine which one is superior. I am confident that trading is a big risk, and whether you use one or not, you will most likely lose because it is volatile and you never know which one will pay. However, it is preferable for someone to use a different trading technique so that if this one does not pay, you can trade another one that will benefit you and yield a profit. That is why if you have professionals who are into trading for a long time. you should close with them they should be your mentor and you will enjoy, because they can't end a week without getting huge profit.

You wont really be that become a good or professional trader if you would really be just that staying up on learning on a single strategy or you will really be thinking that it will really be that enough.
I agree into those sentiments above that the market isnt really just that having that a single path to take or single behavior on which you could be able to focus on.

You will really be able to find yourself that you will be needing up with different strategies on different market conditions and will really be finding yourself having that kind of adjustments
on whatever the market will really be having in terms of price actions. It is really that impossible that you cant be able to think of on having those kind of seek of new strategies on the moment you do face volatility.

If you do find yourself cant be able to manage up the risks level then its either would be sticking on a single strategy or you will really be that simply holding or
you will really be trying out to make another one or simply making up some trial and error on every trading entry and exits you will be making.

[benalexis12]

From 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.

I agree with what you say that this is an OP, because the more strategies you use, the more complicated the situation becomes for you. At least if it's just one or even, let's say,
a maximum of two, it's still good as long as you don't exceed two strategies.

This is all I can say that it is fine, as long as you are comfortable using the strategy that you want to use in the actual trading that you will do in any
exchange that you will do trading activity.

[Xcode7]

From 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.

I agree with what you say that this is an OP, because the more strategies you use, the more complicated the situation becomes for you. At least if it's just one or even, let's say,
a maximum of two, it's still good as long as you don't exceed two strategies.

This is all I can say that it is fine, as long as you are comfortable using the strategy that you want to use in the actual trading that you will do in any
exchange that you will do trading activity.

When someone trades using only one strategy I think it will require them to stick to one strategy no matter what they face in the trade they do, but if they have two strategies they can change their strategy when something happens that they did not expect before when trading. It is true, of course someone must be very comfortable for them when trading whether they will use one strategy or more when trading and do not let them use several strategies but it is not good but instead makes them difficult to trade.

[mirakal]

You would really be naturally be finding yourself on creating new ideas and strategies out of that single strategy that you are really that trying out to emphasis or trying out to stick into it.

This is something that definitely deserves our attention because it’s how we’ll pinpoint areas where we can improve. Having a solid strategy and clear vision for any situation leads to great results. Unfortunately, many people rush in, eager to earn fast and end up with nothing instead of building a positive outcome.

Let’s always remember that trading isn’t a race with a prize for whoever gets there first. In trading, we need to stay smart and careful with every decision because the results—profit or loss—depend on it.