Forex trading systems - page 2

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I believe that forex trading system should not be complicated for the traders because to trade forex successfully, its essential that you system should be easy, reliable, comfortable and profitable for you. Once you have a system that works, you better darn well keep using it.

 

From my experience, regardless how complicated a trading system is or how many aspects you have in mind when placing a trade, it's all reduced to a basic structure of 3: money management, risk appetite and self control. You can be the best trader and have no idea about the trading system you're using, thus losing funds or you can be a noob with a fantastic understanding of the trading system and make a fortune. Take it as you wish, but it doesn't take only one thing to become a good trader.

 

There are many trading systems nowadays. Every trader develops its own trading strategies based on knowledge, skills and experience that bring him profit. To be successful while trading a trader should control risks, emotions and consider money management rules.

 

If you have no strategy (system) before trading you are trading chaos strategy. Wall Street loves it!

Strategy or system belongs to plan the trades. Otherwise, you get caught unprepared and that's costly!

Hermes

 

Forex trading systems include a specific plan for trading which controls when and at which price a trader should open and close his deal. Such systems depend on signals either technical or fundamental analysis. The signals are processed to help a trader makes his decision to buy or sell a particular currency pair or even close trading positions.

 
Emery:
What is the purpose and function of trading systems in forex? Express your Thoughts on benefits of trading systems!

the system gives discipline and holds your arms )))) it's very important for forex market trader

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