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  Forexopia  »  Intermediate  »  Creating your trading system
Creating your trading system
Simply put: using a small group of charting tools from your arsenal of tools. Put those tools to test using your demo account or do backtesting.
1What is a trading system
A trading system is a set of rules - that you create for your own benefit - to make sure that you don't overtrade and that cuts your losses and enables your winners to go further.
2Steps to create your trading system
Create your own trading system which is basically a set of rules that you need to follow before any trade is executed and not to overwrite them during the trade and finally to take note of each trade to ensure future success
3Testing your trading system
Testing your trading system
4Following your system
Following your system
5Trading systems on the web
Trading systems on the web

1Reading Charts
Charts provide visual representation of the market - and if you can read into it - it also provides the psychological stress points of the market - support(s) and resistance(s)
2Charting tools
Easy to understand and simple to use tools that highlight market entries and market exists are already provided in most charting softwares - learn how to use them.
3Chart Patterns
Mystic language of charts - in most cases, the answer is obvious to those who can decipher chart patterns.
4Indicators and Oscillator
These tools provide you with a probable market trend based on mathematics. Use them ONLY to confirm your analysis. Do not rely on these alone.
5Creating your trading system
Simply put: using a small group of charting tools from your arsenal of tools. Put those tools to test using your demo account or do backtesting.

Categories Basic |  Intermediate |  Advanced |  Reference |  Resources
Basic: History of Forex |  Introduction to Forex |  Opening a Demo Account |  Entries and Exits |  Market Players
Intermediate: Reading Charts |  Charting Tools |  Chart Patterns |  Indicators and Oscillators |  Creating your own Trading System
Advanced: Money Management |  Find your comfort zone |  Choose your primary analysis |  Disciplined trader |  Enter the dragon
Reference: coming soon...
Resources: coming soon...
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