The Importance of Creating a Trading System! - Page 374
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Thread: The Importance of Creating a Trading System!

  1. #1
    Trader 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. #3731
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    A lot of trading strategies out there, I don't think we have to think more about creating any trading systems, I think we have to think more on how we are to make sure that we have learned one an only good trading systems and then we are so much used to it. Experienced has made me know that as a matter of fact, succeeding in any business needs a more consistently use of one trading strategy.

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  3. #3732
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    A good trading system is required friend and if we don't have a good trading system then it means then it means we need more correction and improvement in our trading. we should have a great zeal to learn and practice in forex, as we can see in the market that most of trader's play with gamble and they don't have any analysis of market to enter and exit. Trader's shold avoid these kinds of mistakes especially if they want to earn consistently from here.

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  4. #3733
    Trader Senorita's Avatar
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    Quote Originally Posted by letsdo View Post
    Traders have to create good strategy for himself to be able to win in the business, we have a lot of strategies that traders had been using but if any of them is not well tested before trader just embarked on it to be using, it may not favour such trader and this is the more reason for tradinq using the strategy created or well tested in the demo account for a while for better understanding of it for a successful future use.
    It's very important for traders to build a working system in forex because with the right system there is a great opportunity to earn in the best trade. Creating a working system is important and if we can follow the right stratgy here, we will be able to handle up this business and earn rightly here. It's important we take learning seriously and seek in building a capable system that will give us access to win.

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  5. #3734
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    Every trader needs a good trading system to be able to trade very well,that is why it is very important for all traders to build a good trading system,it is definitely not a easy process but with patience and hard work it can easily be achieved by the trader,we just need to keep doing the right things and learning all the time.

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  6. #3735
    Trader Azis Muslim's Avatar
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    Quote Originally Posted by Senorita View Post
    It's very important for traders to build a working system in forex because with the right system there is a great opportunity to earn in the best trade. Creating a working system is important and if we can follow the right stratgy here, we will be able to handle up this business and earn rightly here. It's important we take learning seriously and seek in building a capable system that will give us access to win.
    We better off the platform to remind others who still new and struggling in this business where they are still looking for a way out of their problems in market. Lead the way and show them the importance of trading system by giving them the real effects which we have experienced by ourself with our positive rules. Sooner or later they will believe it and learn to make one which will gradually change the way the trade to a better one.

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  7. #3736
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    Creating a trading system makes sense if we work hard, unfortunately this does not seem to be the case, if you don't plan to work hard, and become patience, you will never have a system that works, sometimes we think someone else is making money because they have the perfect strategy, but that is not true, it may just be that those people have good patience with their systems without deviations.

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  8. #3737
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    Quote Originally Posted by simisola View Post
    Creating a trading system makes sense if we work hard, unfortunately this does not seem to be the case, if you don't plan to work hard, and become patience, you will never have a system that works, sometimes we think someone else is making money because they have the perfect strategy, but that is not true, it may just be that those people have good patience with their systems without deviations.
    when we do some hard work when we do some practice and learn strategy we can really make a good system, some time we can earn some time we can lose but make sure you earn more then lose, our main target should be learning if we learn we can earn, if we do not learn we can simple lose, a trader can get success if we trade on base of learning, people mostly loses because of their personal wrong behavior

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  9. #3738
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    To create own trading system is the useful way for consistent winning powers so we have to build the best trading systems on the basis of better planning and useful ideas that are concerning with our success and to give importance of the best strategy will approve own success and safely proves our success with taking profits a lot on the basis of better trading system .

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  10. #3739
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    If we don't create a trading system, there is no way it will be possible for us to make money from the market, we must create a good and reliable strategy before it will be possible for us to make money from the market, a trading system is so important because it's what enable us to analyze the market accurately most of the times.

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  11. #3740
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    Trading plan should be included inside our trading system. so in first place we need to create a trading system before we think about something else. later after we got an idea to create a trading system. we need to start thinking what kind of aspects we are going to use with our trading and preparel anything we need to increase our analysis process before we trade.

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