Include your own analysis strategies.

[Marian Median]

Include your own analysis strategies or technical apparatuses to determine which exchanges to take and which to take off alone. You may likewise pick to alter the stop loss, entry or benefit target levels to more line up with your trading plan. Similarly as with all procedures, keep the risk on each exchange little relative to account size. As a general rule, don't lose more than 2% of the all out account balance on a solitary exchange.

 

[broforex]

EURNZD today, as we see here, the price is bearish, so you have to sell EURNZD, you can wait for the price until it touch resistance area at 1.66978 with potential target up to 1.66703

 

[andre42]

A properly constructed system should be robust and provide the ability to constantly increase your trading account in the long term. But if the trading system is built incorrectly, the trader will constantly face losses.

 

[andre42]

Human emotions are the main reason for mistakes and losses in trading. Trading on the system is effective, because the presence of rules allows you to remove emotions from the trading process and increase the consistency and profitability of decisions made.

 

[andre42]

Elements of the trading system

Most traders are already familiar with the four main components of the trading system::

 

[andre42]

- Exit signal. This element determines when to close a trade or reduce the position size.

But in fact, there are 12 elements that need to be taken into account when building your own system. These include:

 

[Shallen Berry]

Include your own analysis strategies or technical apparatuses to determine which exchanges to take and which to take off alone. You may likewise pick to alter the stop loss, entry or benefit target levels to more line up with your trading plan. Similarly as with all procedures, keep the risk on each exchange little relative to account size. As a general rule, don't lose more than 2% of the all out account balance on a solitary exchange.

I think every trader should pick the trading strategy which suits with his trading expectation and as per his capability. There are different trading strategies such as – short term, long term and EA trading. But each the trader should select his comfortable trading strategy so he can get the best result. As a short-term investor, I select ForexOne the best ECN broker because they best short-term facilities including – narrow spread 0.4 pips and low trading cost.