Main criteria for a good trading strategy

What are the main criteria for a good trading strategy?

1.       Lowers the risk by:

·         Limiting the size of each trade

·         Diversifying your portfolio

·         Using hedge trading

2.       Suits your lifestyle:

·         Trading times

·         Allocates time for: Sleeping, exercising, eating, etc…

3.       Suits your personality and emotions

·         Using the correct time frames based on the strategy

·         An anxious person cannot be a good scalper. (It eventually make him/her sick)

The most important part is how to implement your trading strategy.

·         You should follow your strategy completely

·         Review every few months. If you need to do some adjustments, do it but first test it on a practise account. (I did not do that last year. I tested my strategies straight on my real account. 

My portfolio includes 23 markets as of today which help me keep my risk low. These market are listed below.

$EURUSD  $GBPUSD $GOLD $OIL $CADJPY  $EURJPY $AUDJPY $BTC $GBPCAD $USDCAD $USDTRY $NZDUSD $USDJPY $USDCHF $EURGBP $EURAUD $CADJPY $CHFJPY $AUDCHF $AUDCAD $AUDNZD $NZDCHF $USDSGD