Tell me about the worst strategies that you have used in your forex trading journey, would love to hear and avoid them, thanks in advance.
8EMA/21EMA plus MACD and RSI - The worst system you have ever seen 32 replies
Hedging Martingale is the best Strategy ever... 50 replies
bad broker..The worst of the worst ..reprise 56 replies
Zzzz worst ever decision to make?? 4 replies
Worst System Ever - Journal 25 replies
DislikedEven the goofiest system can be profitable with discipline and good money management. I would say the worst strategy is one where the trader does not follow his own rules, has no real money management, and refuses to accept a loss (letting a losing trade run wild).Ignored
DislikedTell me about the worst strategies that you have used in your forex trading journey, would love to hear and avoid them, thanks in advance.Ignored
Disliked{quote} Bad strategies are as hard to find as good ones, since if you had a bad strategy, you'd just need to invert the trades to turn it into a good one. Except for those scalping high-frequency ones, where the bad part about the strategy is to give away too much money to the broker through the bid-ask spread. Those basic strategies you find online with the same old indicators and TA should be as good as trading randomly, which is neither positive nor negative.Ignored
DislikedWell I think when you're risk to reward ratio is negative, then it's pretty much guaranteed you're going to lose all your money.Ignored
DislikedAny strategy that you can’t easily backtest is the worst strategy ever! They come in two flavours: 1). Complicated strategies: where past data is difficult to come by and verify. Examples are the moon cycles and planet motion stuff. You need to be a NASA scientist with telescopes and rockets to know where Jupiter was in April 2022! 2). Subjective strategies: they point out what they think is obvious on the current chart, but different people will interpret differently! (Elliott Wave being the worst in my opinion) If you want to develop a good strategy,...Ignored