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Thread: Design your own trading system with some useful and important steps

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    Design your own trading system with some useful and important steps

    Design your own trading system with some useful and important steps: hello friends I am sharing some points which is helpful for making strategies any kind of
    Time frame: time frame selection is important in our trading its sometime depend on market situation and sometime depend on our trading requirements, some can have time to watch market for long time some uses this as part time so for those long time frames are good, first of all choose what is your target then choose time with respect to goal means day trading, weekly trading or what?
    Find your indicators for finding trend: for technical trading indicators are major parts use indicators which suited to your time frames, capital and your skills, make grip on them no matter what you are using but learn them perfectly, after learn them you can understand how and when you can use them. They give you knowledge and signal about trend how to identify how to predict.
    Find indicators for confirmation of trend: finding trend is one thing and confirmation is different thing, finding means you are making analysis and have done this, but with confirmation you can confirm that this is true trend and now you are ready for trade.
    Identify your risk: for a good order you must need to identify what is your target, with small target you can earn small but risk will be also small and in loss side you will be safe, so identify how much you want to take risk on single order you can done this by using volume.
    Entry and exit point: after identifying and confirmation of trend, mark point for entry and exit and just follow it, if your analysis is clear then automatically you will understand when to enter when to exit, sometime it can depend on your daily target also.
    Follow your rules: one most important step in strategy is to make some rules and follow them strictly, because when we trade without rules then we avoid management and risk ratio, so we can’t understand what we want how much we want and what is target, so undirected trade give us bad results.
    Best of luck for happy trading

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  2. #2321
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    The demo account is a place where we can try to create our own strategy and it's a place where we can test strategy that we find on the internet, all we need is to invest enough time to learning, learning is all that we need in order to create a good strategy or study how to use any strategy properly, it is important so it something we must all try to develop.

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  3. #2322
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    Quote Originally Posted by stanlon View Post
    The demo account is a place where we can try to create our own strategy and it's a place where we can test strategy that we find on the internet, all we need is to invest enough time to learning, learning is all that we need in order to create a good strategy or study how to use any strategy properly, it is important so it something we must all try to develop.
    Demo account is good for testing the strategy and to see all the advantages and disadvantages of it. Trader can learn how to use the strategy well not worrying about losses in real account. If strategy shows good results so it is possible to try using it in real account and modify it adding indicators or elements from other strategies.

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  4. #2323
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    You should be able to have a strategy that works for you, experience is the best teacher, only get to follow the best means in trading. There is no simple method in trading, any method has to be fully learned. As per my trading experience, the trading strategy we have is based on what we have learned and the more learning we give to it, the more performance we will see in the positive way.

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    Designing the trade system the learning skills and our experience give us the power of making profits a lot and through the better trade skills we will give proper structure to the trade system and by working with the well definite trade system we will easily obtain progress and attain accuracy in the results we should plan better for it .

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    Trading system is a comprehensive strategy,which is more than just having a rule or set of rules for when to enter and when to exit a trade.There are some important rule which i want to included in your points that are,define your time frame,identify the position of the market,find your entry levels,find your exit level and also find some indicators that help identify a new trend and most importantly define Your risk.After that trade your new trading system live on a demo account for some days.If you are getting good results, then you can choose to trade your system live on a REAL account.

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  7. #2326
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    Quote Originally Posted by Makaveli View Post
    You should be able to have a strategy that works for you, experience is the best teacher, only get to follow the best means in trading. There is no simple method in trading, any method has to be fully learned. As per my trading experience, the trading strategy we have is based on what we have learned and the more learning we give to it, the more performance we will see in the positive way.
    As a Forex trader we need to have a good strategy, we need to have the right mindset to follow risk management and this all has to be acquired. In Forex capable traders make profit and one can only earn that much profits that he deserves based on this knowledge and experience. This is the right process to be successful in Forex, first we need to devote time for a strategy and then tune our mindset to trade according to reality.

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  8. #2327
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    For sure, every one needs to develop their own trading strategies and then get to understand it more better. There are quite a lot of things we can achieve with the right trading strategy, we can know when to take a trade and when not to take the trade we can also select a stronger signals and get to have good increased chances to protect our trading account from loses.

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  9. #2328
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    Quote Originally Posted by Darkhorse View Post
    For sure, every one needs to develop their own trading strategies and then get to understand it more better. There are quite a lot of things we can achieve with the right trading strategy, we can know when to take a trade and when not to take the trade we can also select a stronger signals and get to have good increased chances to protect our trading account from loses.
    There are many strategies making use of a combination of certain indicators or chart patterns and the SOR levels in some specific way, that we can learn and use. The way we evolve with our trading, we also get better with our strategies in trading and the way we use them. Learning a strategy needs lot of practice and then to use the strategy we need strong patience and discipline.

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  10. #2329
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    If we follow the right steps then we can develop a food strategy after some weeks, it require a good experience and knowledge that's why it's important that before we start looking for a strategy, we should first see the need to learn, cause without proper training we cannot understand this business well enough to create a good trading strategy.

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  11. #2330
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    It's take a good experience and knowledge for you to understand this business enough for you to construct your own trading strategy, because constructing a person strategy is not something that's easy, it's take time and acquire a good knowledge and experience before you will be able to follow the right path in designing your own strategy.

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