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  1. #1
    yuzs77 is offline Junior Member
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    Malaysia
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    Default Forex Trading System - A Key To Successful Forex Trading And Trading For A Living

    Every one has his days when no matter how well he has planned out his trades, he may find some of his trades not performing to what is planned. It is only natural for one to feel upset, but for the follower of a forex trading system, making money or losing money from that trade is not the paramount objective.

    Why is this so?

    For the trader who employs a forex trading system, he can still face the losing trade with a smile, because he has had followed through the trading signals in a disciplined way, and it is only when a trader follows a system, he can be sure of keeping his losses small and to live to trade again another day.

    By using a forex trading system, the trader can have a cool head, and can face his trades rather unemotionally. He can execute his trades following pre-determined price levels of initial stop loss, trailing loss and computed and projected price profit.

    He knows his tolerable level of loss, his threshold of pain - and of course, his risk to reward ratio even before he trades.

    Now when a trader has a trading system and follows through the trading plan, making profits is a natural result when he makes a correct trade. But when his trade is wrong, his forex trading system will very quickly show him that the direction of his trade is wrong, so that he is out of the game fairly quickly.

    I am often flabbergasted at some very broad claims of some traders who condemn day trading systems and relegate them to the garbage bin. When you look at forex trading systems, review them quickly by peer recommendation whenever possible. By peer recommendation, I mean you can ask existing traders their experience on the trading system, and how they are doing with it. Posting to the numerous reliable trading forums will allow you to receive some independent reviews fairly quickly. At the same time, my personal experience, and that of many other professional traders is that day trading can be profitable, though it is never easy to day trade. Otherwise, how is it that so many day traders are able to earn their income day trading the short swings of the market daily for a living? So it is important for you to have a broad view of forex trading systems if you are contemplating of learning or purchasing any trading system that relates to day trading.

    If you ever wish to trade successfully, whether you day trade or swing trade, it is important that you have a trading system that will allow you to approach trading in a disciplined manner. It is only when you are a disciplined trader that you can see consistent large gains and small losses.
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  2. #2
    khairul6355 is offline Junior Member
    Join Date
    Mar 2009
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    16

    Default

    Quote Originally Posted by yuzs77 View Post
    Every one has his days when no matter how well he has planned out his trades, he may find some of his trades not performing to what is planned. It is only natural for one to feel upset, but for the follower of a forex trading system, making money or losing money from that trade is not the paramount objective.

    Why is this so?

    For the trader who employs a forex trading system, he can still face the losing trade with a smile, because he has had followed through the trading signals in a disciplined way, and it is only when a trader follows a system, he can be sure of keeping his losses small and to live to trade again another day.

    By using a forex trading system, the trader can have a cool head, and can face his trades rather unemotionally. He can execute his trades following pre-determined price levels of initial stop loss, trailing loss and computed and projected price profit.

    He knows his tolerable level of loss, his threshold of pain - and of course, his risk to reward ratio even before he trades.

    Now when a trader has a trading system and follows through the trading plan, making profits is a natural result when he makes a correct trade. But when his trade is wrong, his forex trading system will very quickly show him that the direction of his trade is wrong, so that he is out of the game fairly quickly.

    I am often flabbergasted at some very broad claims of some traders who condemn day trading systems and relegate them to the garbage bin. When you look at forex trading systems, review them quickly by peer recommendation whenever possible. By peer recommendation, I mean you can ask existing traders their experience on the trading system, and how they are doing with it. Posting to the numerous reliable trading forums will allow you to receive some independent reviews fairly quickly. At the same time, my personal experience, and that of many other professional traders is that day trading can be profitable, though it is never easy to day trade. Otherwise, how is it that so many day traders are able to earn their income day trading the short swings of the market daily for a living? So it is important for you to have a broad view of forex trading systems if you are contemplating of learning or purchasing any trading system that relates to day trading.

    If you ever wish to trade successfully, whether you day trade or swing trade, it is important that you have a trading system that will allow you to approach trading in a disciplined manner. It is only when you are a disciplined trader that you can see consistent large gains and small losses.
    Good article, thanks for sharing.
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  3. #3
    fx_jmcalster is offline Junior Member
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    Aug 2012
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    Default

    Nice to see people explain information in depth. Thank you!

  4. #4
    jonstevens85 is offline Banned
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    Jan 2012
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    Default

    I agree!
    Very good article, thanks a lot for all these information about forex trading system!

  5. #5
    rub87ST is offline Junior Member
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    Sep 2012
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    Default

    Nice to see people explain information in depth. Thank you!


  6. #6
    tradergirl816 is offline Member
    Join Date
    Sep 2012
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    Default

    You are indeed right, having a system is a great way of providing a some sort of a framework for your trading plan. It is quite generic to say that the risks are and always will be present to any kind of investment. Thank you for the share, I;ve learned a lot from it, and I think others did too.

  7. #7
    messikan is offline Junior Member
    Join Date
    Jan 2014
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    6

    Default

    Auto trading is quite helpful and handy if you can mixup it with your knowledge...

    lots of article about autotrading and forex trading here..

    http://topsoftware.info

  8. #8
    Asim Khan is offline Junior Member
    Join Date
    Jan 2014
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    Default

    Good to see people explain information in depth. Thank you!

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