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Why You Need a Trading Strategy

Trading in financial markets without strategy is a blind game: today is lucky, tomorrow is not. Most traders who don't have a specific plan of action are abandoning trading after a few failed trades — they just don't understand how to make a profit.

Without a system with clear rules for entering and exiting a trade, a trader can easily make an irrational decision. Market news, tips, friends and experts, even the phase of the moon — yes, there are studies that link the position of the Moon relative to the Earth with the cycles of movement of assets - can cause the trader to make mistakes or to start too many transactions.