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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. #3971
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    It is very good for trader to have knowledge about the market and then we have planing about the strategy so this will help trader to make his plan very well and give trader chances of wining , if a trader does not develop his trade plan i think it will give trader good option we have to make our plan very well and have good results .

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  3. #3972
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    The importance in accordance with my trading knowledge and skills is that the having of a trading strategy means that you will know your own way of trading the market. Therefore, you should take learning seriously. The importance thing when trading with the use of a personal trading strategy is that you already know the in and out of the business and then you trade with the risk management as you understand.

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  4. #3973
    Trader Rylai's Avatar
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    Quote Originally Posted by simisola View Post
    When we create a system, we have automatically prepared ourselves to trade as professional forex traders because this is one requirements that we cannot take for granted, trading this market is tough and that is the reality, if we cannot handle our fears and trade with the system we gave created, then we will have issues which is something we need to consider critically.
    Remember that we're still on preparation process where our money shouldn't take the responsibility to get involved. spend a lot of time in demo to help us create everything we need to have inside our trading system, make consistent results from it, then build another important things to complete our trading system. it's just the beginning of how we start this as a responsible trader which soon we can be professional in time.

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  5. #3974
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    Traders must focus on make good and effective trading plans and to follow the market trend with strong and powerful trading system traders success will become possible. If traders want to earn money from forex trading they must focus on their learning and experience. In this way traders success is become possible and they will earn daily basis good and big profit on forex market.

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  6. #3975
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    We cannot create a trading system until we have good experience on this business. we must make first a strong and powerful trading system that is help us to earn daily basis profit on forex market and to use a strong and powerful trading system we can determine the market trend easily. we must focus on learning because without learning traders success is never possible.

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  7. #3976
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    We can build own trade system by follow the rules of trading and work with good discipline and power of skills to work harder in this regard so we have to know the better about every aspect of trade and to have the way of learning and to do practices a lot all important to make own trade system .

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  8. #3977
    Trader Silhouette's Avatar
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    Quote Originally Posted by usama aziz View Post
    We cannot create a trading system until we have good experience on this business. we must make first a strong and powerful trading system that is help us to earn daily basis profit on forex market and to use a strong and powerful trading system we can determine the market trend easily. we must focus on learning because without learning traders success is never possible.
    The process of creating a new trading system for ourself can be done altogether while learning with market. Sometimes there are many things we can do at once to save time and do something else that's also important. As long as we comes up with this good ideas and keep learning, soon we can create a working system and gives us all the advantages we've been looking for.

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    rules made to be followed, not to be broken

  9. #3978
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    Creating a trading system is very important for all traders in the market,if we learn and have a good and workable trading style it will be very easy to make consistent profits from the market compare to when we have a bad system,creating a good trading system will definitely require a lot of work on the part of the trader.

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  10. #3979
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    Forex trading is the most risky and tough business in financial market so we always have need to focus on our mistakes and try to recover them.
    Same like a trading strategy is the first step of our trading career and we must have we need to create our own trading system because it will help us to improve our technical analysis.

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  11. #3980
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    It is not possible for everyone which trader have taken good experience and knowledge about trading tool and indicator he could get success on this business. 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 a plan for survival and to deal with changing circumstances of the market.

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