Recently, more and more people are attracted by trading. Someone decides to do this business out of interest, someone is important to someone, and for someone it is an opportunity to show their abilities, intuition, and gain authority.
However, professionalism is important in any business. Whatever you do, whether it is teaching, promoting the site of a large company or repairing cars, it is important to act according to your internal philosophy and logic, the rules that are established from the experience of other and their own knowledge. No exception and trading.
And the very rules mentioned above are nothing more than a trading system. Why is it needed?
The trading system is the conditions under which one or another trader opens for the market. Of course, you can follow exclusively your intuition. And this will also be a kind of trading system. However, trading is a rather nervous business that requires accurate calculation, calm and confidence. And therefore, in order to feel in the process of working in the market, it is comfortable, you need to decide on the very vehicle that will be the guide of your activity. It is like promoting the site that optimizes its work, only in this case your personal trading style is improved.
What to pay attention to first of all?
The most important question is what you will trade. It is also necessary to determine the interval of work. The choice of the type of vehicle is very important. It can be work against the trend, in the channel or on the trend. Then a list of indicators is compiled and a working lot is selected. It is also important to decide whether you will put a stop loss. And of course, it is necessary to decide how entering the market will be carried out, and how the profit will be climbed.
Of course, these are only the main questions. In the process of forming it is your vehicle, they can be delivered much more.
In this case, you should pay special attention to your weaknesses and strengths. To do this, try to objectively evaluate yourself, determine the type of personal temperament, decide how best to use certain features of your character.
Another important rule is that you should not strive to calculate everything, absolutely ignoring intuition. If you don’t like the indicator, it is better not to work with it. It is necessary to listen to yourself and create the most comfortable conditions for work.
And of course, so that the vehicle is really effective, it must be clear and concise. Do not create too many rules – not even an hour, get confused.