If you decide to make your own
Your trading-system, then the measures
below may be
help:
1. Timeframe
Determine the time frame that you want
use in trading. If you are a
intraday trader can choice M5 - H1.
2. Currencies
Decide also what currency
will you make trading instruments
you. Choose the currency you can
properly identify the characteristics and
profitable (small spread and
large daily movement).
3. How to Recognize Potential Trading
Determine the know-how or techniques that you
use to identify potential trades.
You can use indicators such as
Moving Avarages, MACD, or parabolic
SAR. Or you can also use the
support-resistance lines and trend.
4. How to Confirm Potential Trading
Once you recognize the potential of trading,
steps to do next
is to confirm the potential for trading
them. Not infrequently traders trapped
in the wrong position and very
harm for failing to perform
confirmation and are too quick to
position for not doing
confirmation.
5. Targets and Risks
You also need to determine how the target
daily that you want to accomplish and how
the risk that you are ready to take whenever
transact. Each had a trading-system
its own peculiarities, you need
determine targets and risks (in pips)
suitable for your use in
your system.
6. Entry Points and Exit
In trading, this system you also have to
determine when you enter
transact.
Not only that you also have to
prepared when you close
the transaction. In this case there are always two
possibilities that must be taken into account:
when you will come out if you have
profit and when you will come out
if you have losses (the price
reverse direction).
7. Write and Practice
This is the most important step
trading-system in your building.
Write the system who want to use and
follow the system properly. This
requires discipline and patience.
If you do not want to be disciplined
follow the system that you created yourself,
any system will not provide
advantage for you. The best system
though certainly takes time to
can deliver results, at least you
itself would need time and to
adapt to and master the system
in trading conditions
really is.
Selasa, 06 Desember 2011
Make Your Own Trading-System
