hello guys,
looking for an any kind of trading strategy to make some money. i have used youtubers trading strategy's over a year in a demo account but still nada. please if you know a good strategy let me know thank you.
Focus in money management. The trading style or technique is not that important.
Partial often, do not give away back to the market what you got, reduce your expectations and think prices are going to go against you sooner than you were believing, lower your leverage and general exposure, do not sell short, trade only ascending markets that will allow you entering long.
Use a trading simulator instead of a demo account to test different setups until you find out how to make money from your trading.
Accept also that trading is not for the majority of people and that your odds of becoming a succesful trader are almost zero. Do not get too concerned with this and, if you see that you cannot do it, accept it.
Anyways, if you work hard for a few years and perform strong backtesting techniques, you have nothing to fear but losing your time in the worst case.
There are not certainties in trading, we just bet high-odds setups, and keeping the odds by yourside, you will be able to develop a statistically positive technique. Remember, this is a probability game, you need to bet when you are on a high probability situation and average across multiple bets.
Finally, develop ONE unique setup and work on it. One setup only is what you need to make a living spending 2 or 3 hours a day only after you get it. So test and test until by chance you find something that works for you.
About the techniques, I use my personal implementation of ICT (inner circle trader). ICT is by far superior to what I do and it is free and available at the youtube's Inner Circle Trader channel. Do not expect understanding it in less than 2 years of deep and extensive study and practice. And give yourself another 2 or 3 years to be able to get something out from it. Keep your expectations low.
