Forex system
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Forex system.
This is a set of instructions prescribing open and close trading positions based on the results of technical analysis. Commercial systems can get rid of the randomness in the sales process. Follow the system will exclude emotions from trading. Therefore, anything that requires a system should be implemented strictly, even if it will not open a potentially profitable position.
The most important task of the trading system is to determine the point of exit. Any system must provide not only signal the opening position, but the anticipated levels of profitability. The warrant Take Profit must be close to this level. It is also necessary to determine the level of limiting losses if the market begins to develop in the opposite direction. At this level, should be placed warrant Stop Loss. In other words trading system must accurately determine what level to keep the position open for maximum profits and mechanisms of reducing losses in adverse market development.
Again, in my view, the future trading systems, it is obvious that I want to say that the future of trading systems. Because they do not think they are beyond emotions, they perform what they programmed, they work very quickly and clearly.
So TS swallow up everything. And this must be ready!
And if there is a misunderstanding, then ask here Trading System.