Every trader must really want the best trading system for himself. And indeed it is imperative you have a trading system itself. You can actually make their own trading system. How
to make it not too difficult and not too long, but the process of
testing and repair was the one who takes quite a long time, about one or
two months. This is only natural because the trading system to produce accurate and reliable takes a fairly long process. In addition, to make the best trading system and nice, it takes patience. Relax,
when you managed to make the trading system up and running with maximum
power, sacrifice and your hard work will pay off. Here are the steps to make learning forex trading system itself:
1. Determine the style of trading is suitable for you
The first step is to determine the trading style that suits your own. Choose whether you want to become a day trader (day trader) or a trader weekly (swing trader). Once you're satisfied with a suitable trading style, you can specify
the time frame (time frame) that you will use in the trading system.
2. Find an indicator for identifying trends
Identify trends as early as possible the wishes of the trader, you should use indicators that can meet those needs. One of the indicators are quite accurate and the most widely used is the moving average. Generally, traders use two MA that has a different speed for identifying price trends. Trend will be formed in the event of a cross between the two Supreme Court (cross over).
3. Find the indicator to confirm the trend
The
emergence of false signals such as prices rise or fall suddenly (spike)
and a few moments later will return to the initial price, often appear
in the forex world. And many traders are stuck because of it. How can I avoid this? You can use the indicators that could confirm the trend signals that arise from, for example cross over MA. Indicators that you can use include stochastic, RSI and MACD. Choose one that you think is good and easy to use to confirm the trend.
4. Determine the risk
This is very important when you want to make forex trading system. You
have to determine the magnitude of risk of loss you are willing to
tolerate every transaction you make and limit maximum risk you are
prepared to tolerate. It became a very important part because basically you just think of profit without thinking losses that could have happened. Whereas a mindset like this is not right. An
experienced forex trader will always be ready for all possibilities
that will occur, including the possible loss that would occur. For that knowledge of money management should be understood in forex trading.
5. The right time to enter and exit the market
You have to determine the exact time when to enter and when to exit the market. The goal of a trader is to earn maximum profit. In general, there are two characters trader, namely traders aggressive and traders who prefer trading safely. The difference is in the open position when done. For
aggressive traders tend to quickly enter the market when the signal
emerging trends, while traders play it safe normally would wait bounce
to confirm these trends are visible. To close position you can use several options. One with a trailing stop that move the stop loss level in accordance with the price movement. If you make purchases and the prices turned up 20 pips, move the stop losses too as far as 20 pips. Whatever you choose, be consistent with the way you've chosen.
6. Record and practice
If
you've found and managed to create a trading system that suits your own
trading style, record what you've done during the search process and
fill the system with the best. You need to be disciplined and patient in this regard. If you can not discipline to follow trading system that you have
created yourself, the type of any trading system will not be able to
bring profit to you.
Six steps above are the steps to make the process of learning forex trading system is best for yourself. And of course patience plays an important role here. When you've got him, Discipline with the system. And do not hesitate to modify the trading system into a trading system better and is able to provide maximum profit for you. Congratulations to learn forex !!!
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