Guide to Build a Trading Strategy Part I

To trade the foreign exchange market is an important thing if you want to earn money. Credibility is undoubtedly the most precious resource of a market, but how do you ensure the credibility and success in the Forex market? With the development of a winning strategy el'attenersi to it. Let's see how we can accomplish this task going to explore 3 easy steps in this and future articles.

A trading system is a simple way to say how does a trader to decide when to enter or exit the market when, how much leverage should be used for each exchange, and as it does take a whole series of decisions that are related to the exchange. There are 3 elements that are part of a successful business. The lever is a key component, as we are also the timing of entry and exit from the market. These three elements are those that must be considered when looking at the quality of a trading system.

The quality system must also be reflected by the amount of time a professional trader is willing to commit themselves to your operating system. For example, if you are usually available from 08:00 to 16:00, then it is logical to develop a system that makes you enter the market from 02:00 to 6:00. We must therefore choose carefully the time you are willing to engage in the market, as this will affect the quality of exchanges.

Needless to say, there are many traders who spend almost 24 hours a day at the computer for fear of losing a great movement of currencies. This is not what it means to be a successful trader. If you have so much time at the computer, you may lose concentration and do not go well in the market, with consequent loss of money.

Posted in: Forex