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Thread: The Importance of Creating a Trading System!

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    Registered user techboy's Avatar
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    The Importance of Creating a Trading System!

    Hi fellow traders, today I just want to give emphasis on how important a trading system is for us to succeed in trading, I notice also that some strategies presented here are just based on a particular indicator, for me nothing is wrong in using a particular indicator but it is not enough, indicators are lagging in nature and its reacting based on past data so more often we have false signals. What we really mean when we say a trading system? my simple understanding about it, is an strategy used by an individual trader that uses set of indicators or patterns to timed his entry to the market but with defined risk level, defined stop loss and target profit, defined time to enter, defined time to exit,in short it must be a complete trading strategy. A trader must not trade just because an indicator tell him to enter a trade, we must consider first a lot of factors before clicking the buy or sell button, for example what time of day the signal occur, is it in the Asian or US sessions? obviously a signal in the Asian session may yield different result if it occur in the US session, or are there fundamental news scheduled for release in the next hour or less?In conclusion traders must develop the skill of filtering his trading signal by applying set of parameters before considering to click that sell/buy button for him to have a high probability of winning. Any ideas to add on these topic will be highly appreciated.

    "What we sow today is what we reap tomorrow"

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    " Trading is 70% Psychology, 15% Risk Management and 15% Strategy ! "

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    Trader Senorita's Avatar
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    Had it been we have no trading system, it will be very possible to easily trade blindly and loose up your investment in forex when we don't make any right plans to manage risk. It's always important we make every plans to work on a good trade and decide on the opportunity to build the best trade in forex. Creating a good system is going to help traders earn from this market and see they can have the opportunity to build up their trade perfectly.

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    The best trading system that i have every seen as a fore trader is one that has the element of the combination of the fundamental and the technical. I do not always have much regard for any trading system that id completely technical or fundamental depended. The forex market is been driven most time by the forces of the technical and the fundamental analysis.So in creating a personal trading system, i expect any trader to posses the knowledge of the two.

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  4. #3303
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    Clear enough, the importance will be seen in our trading account, in as much as we want to make money from the market, we should be able to have seen the need to have a trading strategy which we can make use of in making good trading decisions every now and then, the trading system is needed, because when there is a trading system, then there will be a good direction on how to trade.

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  5. #3304
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    The creating trading system for making strategy are very difficult for trader but if we can one time make it then we can easily good ideas to enter the market in low risk and try to generate a lot of good profit from market in short time. I have always enter the market to see and understand all bad and good situation well after manage all thing well my strategy is good working and help us to earn good profit from it.

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    It's good to construct a good trading system before we start to trade in the live account, without a good trading system it will be very hard for us to trade forex, to make this business easily and stress free we need to make sure we construct a good trading system, without a system we will just be working without any reliable trading plans.

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  7. #3306
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    It is not simple for everyone to creating trading system for building everyday successful profitable strategy. You have need to good learning and good planning about to make strategies with patience and hardworking trading method after it you should build everyday strong and successful strategy for trading and earn capital profit.

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    Creating a workable trading system is very important in this market,it is your trading system that will tell if you will prosper in this market or not,one reason why traders fail a lot in this market is simply because they do not have a winning trading style,and that is where failure begins from.

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  9. #3308
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    Quote Originally Posted by BOSST View Post
    Creating a workable trading system is very important in this market,it is your trading system that will tell if you will prosper in this market or not,one reason why traders fail a lot in this market is simply because they do not have a winning trading style,and that is where failure begins from.
    Having the trading system we can really trust is what traders should make as their number priority. With a good trading system, there is no amount of exposure or age of the trading of a trader that will matter. What will matter is the actual trading system which the trader is using whether it is good or bad. With a good trading system, a trader that just spent less than 1 year in the market can still be profiting more than the traders that have spent over 10 years.

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  10. #3309
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    We need to create a good strategy before trading in the market, because without a good trading system for us to trade this market successfully won't be possible, we need to make sure that we create a good strategy before we start to trade in the live account that will make trading very easy and simple for us to trade always.

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  11. #3310
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    If we want the long term survival in this market which probably possible by creating own best system and work it by daily basis and get more experience to gain a suitable working results is essential that could help us to get the earning perfectly so we need to create the trade system and then we have to learn it properly which gives us power of enjoying profits .

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