The importance of changing your trading strategy

[Potuse]

Forex trading encompassed changing your trading strategy almost all the time until you are able to get the ones that will suit your style or give you more profit. You will need to change your strategy if you are recording losses consistently and if you are not getting the desired result often.

 

[Planbizzle]

While having a sound strategy is necessary, it is not sufficient for trading success because markets are continuously changing. A trading strategy that worked well in the past may not function well in today's market conditions.

 

[Danny4cash]

I always advice forex trader to know as many strategies as they can because the strategy that work for your mentor might not work for you. If you know many strategies and the one you're using is not giving good result, then you change it.

 

[Yohanna]

It is beneficial to keep changing your strategy if you've noticed that a particular strategy isn't working then it is better to change for the better strategy that will enhance your chances of winning.

 

[Potuse]

It is beneficial to keep changing your strategy if you've noticed that a particular strategy isn't working then it is better to change for the better strategy that will enhance your chances of winning.

It is good to keep changing strategy because you have a strategy that is not working, it is mandatory to use a working strategy to explore the forex market.