Forex Trading – Should You Try and Create a Portfolio of Strategies?
Anyone who has ever tried to create their own forex trading strategy will know just how hard it is. It’s very easy to construct a simple trading system, but the difficult part is trying to come up with a strategy that generates consistent profits. Nevertheless as you gain experience it does become easier, and in the long run you should hopefully be able to construct a small collection of trading strategies. Of course you basically only need to come up with just one strategy in order to make money. However my own view is that it’s often a good idea to try out different things, because there is always the possibility that your current strategy may become unprofitable if market conditions change. Furthermore it’s also a good idea to have different strategies for different time frames. For instance you may have a profitable strategy that is only able to successfully trade the daily or weekly charts. There’s nothing wrong with that at all except that you may sometimes have to wait for days
