The Importance of Creating a Trading System! - Page 348
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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 ! "

  2. #3471
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    well information for all the traders i like to do trade with my own way . it is very important to see the condition of the market before we invest our money . we can only focus on our way and use the news of the market this is the best way of information. we have to work with patient and earn a lot of money .

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  3. #3472
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    Trading systems are good choice for trader to follow the market and know that market real trend and direction well. after it you should build any simple and strong strategy for trading and increase good profit or loss. But, its not possible for everyone which trader have take good experience and knowledge about trading tool and indicator he could get success on this business.

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  4. #3473
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    We all want to make our trade system , it is the result of our efforts and learning if we are working with full hardwork and with confidence we develop own way in market by follow it this will give trader good results , trading system is results of our efforts and learning so we should make our trade plan highly successful .

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  5. #3474
    Registered user Toyen's Avatar
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    Quote Originally Posted by letsdo View Post
    Trading systems are good choice for trader to follow the market and know that market real trend and direction well. after it you should build any simple and strong strategy for trading and increase good profit or loss. But, its not possible for everyone which trader have take good experience and knowledge about trading tool and indicator he could get success on this business.
    There is no way we can trade without having the necessary trading system which will be of help to us to face the market and defeat it at the same time. One thing which is necessary is how we are doing our trading, and when we have all what it takes to trade the market rightly, we will not regret what we are doing. We have to choose the best system to trade before that will be possible for us.

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  6. #3475
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    A system is what can drive us to achieve our goals of profits. We must be prepared to do everything to create our own system because such will give us the possibilities to make profits from our trade. We should invest the time to manage this system and of course work on the possible means to build a working trade here. A system must be created and this is always the best way we can achieve the right result in trading. I learn from my system and surely it's been an advantage for me to really trade right.

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  7. #3476
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    Developing a plan and a system to manage the trading account is the initial step for a trader.Forex online trading is high risk business and we can not earn without taking a risk and some time forex can cause loss as well.So, it is necessary to have plan for survival and to deal with changing circumstances of the market.Each and every business wants planning and without proper planing we can not move forward.

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  8. #3477
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    It is the most desireable thing for trader to get succeeded because building a trading system is not easy as far as we have knowledge about market and well aware with the strategies so all of these will help trader to get survive well and given us chances of having success in market , we must focused on every step through we should build a good system .

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  9. #3478
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    Establishing own system for work is important to make the trade very well and with the power to build own system we can meet with lot of the opportunities to get the profitable results from the market and through the knowledge completely and good learning skills always provide us the chances to attain success safely from this market .

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  10. #3479
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    It is very important for trader to identify the market real trend direction well for trading. Technical trading method are good decision for trader to follow the market after it you should make everyday successful trend line strategy to everyday success in it. Forex black dog trading system ad breakout trading system both are very reliable and perfect way for trader.

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  11. #3480
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    Quote Originally Posted by letsdo View Post
    Trading systems are good choice for trader to follow the market and know that market real trend and direction well. after it you should build any simple and strong strategy for trading and increase good profit or loss. But, its not possible for everyone which trader have take good experience and knowledge about trading tool and indicator he could get success on this business.
    Experience and knowledge are keys to everyday getting success on this business after it you can build everyday strong and powerful trading system to identify the market for getting everyday good profit or loss in it. You have first need to understand all requirement about trading system well then you can easily build it for our trading business.

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