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Thread: Forex Trading Systems

  1. #1
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    Default Forex Trading Systems

    You should build your own trading system

    A trading system on the Forex market is a type of strategy that allows traders to trade with a set of rules. There are many free trading systems and strategies printed in trading articles, journals, books and on trading-related websites. I would have to say that if you are not inclined to learn how to develop your own trading methodology, then perhaps you should consider giving your money for someone else to invest. Give it to someone who is trading a system that he developed and tested himself because he is more likely to have the confidence and courage to follow his own trading system.

    Why you need a forex trading system?

    Its easy to trade with a system.
    A good system provides consistent result.
    What makes a good trading system?
    Its simple. Forget complicated systems with lots of rules - its a proven fact that simple systems work better - and are less likely to fail, in the brutal world of trading.
    A trading system with profitable expectation.
    It provides good ratio of reward/risk.
    A system of comprehensive risk management including market exposure weightings, stop-loss provisions and capital commitment guidelines that preserve capital during trend-less or volatile periods.

    Once you learn how to develop trading systems and strategies, you can then be better equipped to test them as well. By this point you might even find that the system created by yourself is the best one for you, because it becomes the system more suited to your profit objectives while operating within your risk tolerance levels. It is likely that once you develops this level of competence, you will simply acquire other trading systems only to dissect them, grab the parts you likes and add them to your own system. To me, the irony is that for a trader to know which system to purchase, you must first learn how to create a system. And after knowing how to create a system, he will no longer have the need to buy one.

  2. #2
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    Default Best System

    Quote Originally Posted by powerman605 View Post
    You should build your own trading system

    A trading system on the Forex market is a type of strategy that allows traders to trade with a set of rules. There are many free trading systems and strategies printed in trading articles, journals, books and on trading-related websites. I would have to say that if you are not inclined to learn how to develop your own trading methodology, then perhaps you should consider giving your money for someone else to invest. Give it to someone who is trading a system that he developed and tested himself because he is more likely to have the confidence and courage to follow his own trading system.

    Why you need a forex trading system?

    Its easy to trade with a system.
    A good system provides consistent result.
    What makes a good trading system?
    Its simple. Forget complicated systems with lots of rules - its a proven fact that simple systems work better - and are less likely to fail, in the brutal world of trading.
    A trading system with profitable expectation.
    It provides good ratio of reward/risk.
    A system of comprehensive risk management including market exposure weightings, stop-loss provisions and capital commitment guidelines that preserve capital during trend-less or volatile periods.

    Once you learn how to develop trading systems and strategies, you can then be better equipped to test them as well. By this point you might even find that the system created by yourself is the best one for you, because it becomes the system more suited to your profit objectives while operating within your risk tolerance levels. It is likely that once you develops this level of competence, you will simply acquire other trading systems only to dissect them, grab the parts you likes and add them to your own system. To me, the irony is that for a trader to know which system to purchase, you must first learn how to create a system. And after knowing how to create a system, he will no longer have the need to buy one.
    NICE THREAD

    The good system is the simple one. The key is consisten and patien

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    Default

    yes, but do not forget abouth capital

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    Default

    Most succesfull traders are good in money management.

    This influence our psychology too...good MM make we earn to think clearly, not afraid.

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