How to Build an Effective Trading Strategy
Effective trading strategy = compound interest effect + probability effect of taking profit and stopping loss + rejecting greed and fear, strictly enforcing discipline + excellent position management + core strategies for high success rates
# Compound interest effect
Einstein once said: "Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it."
Translation: Compound interest is the eighth wonder of the world. Those who know it earn, those who do not are earned.
The mathematical formula for compound interest is as follows:
F=P(1+i)^n
F: represents final value, which is the end result.
P: represents present value, which is the initial input value.
# Compound interest effect
Einstein once said: "Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it."
Translation: Compound interest is the eighth wonder of the world. Those who know it earn, those who do not are earned.
The mathematical formula for compound interest is as follows:
F=P(1+i)^n
F: represents final value, which is the end result.
P: represents present value, which is the initial input value.
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