1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Things you should know before choosing/buying any trading system

Discussion in 'Forex Trading Systems and Strategies' started by Asaju Pro, Feb 3, 2011.

  1. Asaju Pro

    Asaju Pro Recruit

    Joined:
    Jan 17, 2011
    Messages:
    8
    Likes Received:
    0
    1.) Risk/Trade ratio; A good trading system must enable you risk a (very) small percentage of trading funds in other to make a good profit; (This could defer depending on how much patience you could exercise on a trade). For a good trading system risk/trade ratio on the average is always 0.5/3.
    2.) A get ready signal, a good/ safe point of entry and a good/safe point of exit: This 3-qulaities are vital in a trading system. A good trading system must have at least more than 2-3 different methods of alerting you to; Get ready to open a position, show you the an appropriate point (Price), in which it’s safe to open a trade also, a good point to exit.
    3.) Simplicity/Complexity; A good trading system must be simple to understand and should not look complex at all.
    4.) A good trading system would rather assist you to identify a price trend easily.
    5.) A focused trader would always have a daily target, i.e. the amount of Pips he intends to get on a daily basis from the forex market; depending on how advanced he is he could assign a daily target to each currency pair that he trades. If your daily target is a reasonable one, a good
    Trading system would help you achieve this easily
     
  2. befreeforex88

    befreeforex88 Recruit

    Joined:
    Feb 20, 2011
    Messages:
    1
    Likes Received:
    0
    Start trading

    Before starting trading in free forex trading, a training course for all traders should be applied. People can not be sucessful if they do not have any knowledge.
     
  3. Ellys

    Ellys Recruit

    Joined:
    Feb 8, 2011
    Messages:
    7
    Likes Received:
    0
    good points!
     

Share This Page