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Thread: The Importance of Creating a Trading System!

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    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. #3741
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    Quote Originally Posted by Risk management View Post
    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.
    I agree with you and understand the importance to have own trade system if we really care about the success from market working in market is useful way and support our trade with the right use of strategies and trading plan we develop. we have to make it sure our trade is better and will give good ideas to trade on live account.

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  3. #3742
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    Quote Originally Posted by letsdo View Post
    I agree with you and understand the importance to have own trade system if we really care about the success from market working in market is useful way and support our trade with the right use of strategies and trading plan we develop. we have to make it sure our trade is better and will give good ideas to trade on live account.
    There is need for us to have our own trading system. Traders can only learn what other traders will tell them on how to trade the market, but when it comes to the trading of the real system, traders will have to get it done by themselves. There are many trading system, many more are still coming out by various traders, we can get to make them all achieved when we train well.

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  4. #3743
    Trader Sixteen's Avatar
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    Creating a working system is important and would likely give us the chance to make profitable trading in forex. Creating a system that works is of important and through the right means of trading, we can be able to make good profitable trade. It's for our own good we learn to create a working system and follow the demo account in the best means to which we can maintain profits. A good strategy is important and if we can trade good we can have better means to earn.

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  5. #3744
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    trading system is very important and essential for trading and making of money, the good system will let the trader to trade well and increase the possibility of earning and decrease the possibility of loses always, the trader needs to build a good trading system to be able to know how to survive in the market for long time and makes consistent profits.

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  6. #3745
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    The importance is that if you ever get to have your own trading strategy then that will get you more success. Because you ain't gonna be the kind of trader that follows other traders ways in trading but you will be able to have your own trading method that works for you. It is mandatory to have a good trading strategy that you can comfortably make use of.

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  7. #3746
    Trader pajero's Avatar
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    Quote Originally Posted by sameeh View Post
    trading system is very important and essential for trading and making of money, the good system will let the trader to trade well and increase the possibility of earning and decrease the possibility of loses always, the trader needs to build a good trading system to be able to know how to survive in the market for long time and makes consistent profits.

    to be able to generate profits consistently, we only need to master one technique and master it well, once I also used a technique that can last for months to generate profits even though the MC eventually also, then began to switch to another strategy that is not mastered, the result in fact, there is not a single month that is unable to survive, finally at this time back again using the old strategy by continuing to minimize risk, as a result it is more able to produce for myself.

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  8. #3747
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    This is very important part of this business in which traders must select a good and strong trading system which is always help traders to learn this business well and find the real market trend. If you are focus on your learning then your earning will be possible for you and you will get success on your all trades easily.

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  9. #3748
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    It is very good and positive for trader to trade with the best trade strategies we have develop on the basis of experience we have so we have to make our trade plan perfectly applied if we get experience well and we understand the whole process of trading this will give trader good opportunity to get success .

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  10. #3749
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    Using the right strategy and indicators is essential to be more profitable in trading, there are indicators that only performs well in specific market conditions, so we need to know what are these indicators and tweak it to our preference so that we can get the desired results. Combined with other filters that mentioned above we will definitely perform better in our trading.

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  11. #3750
    Trader Sascha's Avatar
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    Quote Originally Posted by ponce577 View Post
    Using the right strategy and indicators is essential to be more profitable in trading, there are indicators that only performs well in specific market conditions, so we need to know what are these indicators and tweak it to our preference so that we can get the desired results. Combined with other filters that mentioned above we will definitely perform better in our trading.
    then another question appears, what is the true meaning of right strategy? well it's a difficult question to answer because nobody knows what's their best strategy until they figure it out by themselves with learning and practice. and each traders has different strategies to master, we can't simply focus to one strategy or more to commonly discuss that they're the best one to trade.

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