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 Currency Trading Training DINDIGUL, Forex Reviews DINDIGUL, Best Forex Broker DINDIGUL, Forex Signals DINDIGUL, Forex Fund Management DINDIGUL

Trading System Development-Summary Report

 Currency Trading Training DINDIGUL, Forex Reviews DINDIGUL, Best Forex Broker DINDIGUL, Forex Signals DINDIGUL, Forex Fund Management DINDIGUL

Summary Report

Ok, now that you have read the lesson material, please make sure you completely understand and/or do the following:

Now it’s time to develop your system, follow the simple rules outlined in the course material and start developing it. It will take you some time to get to your final system because you are probably going to need to tweak it a little to make it fit you. You also are going to need to test it in real-time, as it is the best way to see if you feel comfortable trading it.

Common strategies:

  • Breakout trading: After a period of consolidation, traders buy new highs or sell new lows (i.e. using entry orders).
  • Pullback trading: Traders wait for pullbacks and buy or sell off important levels (Fibonacci retracement, Bollinger lower or upper band, LOPS, HOPS, etc.)
  • MA strategies: Some traders use moving averages strategies (crossover, position of price in relation to MA) to trade this systems.
  • Chart patterns: Rectangles and triangles are used to trade trends.
  • Technical indicator signals: Many technical indicators can be applied to this type of trading (i.e. RSI centerline crossover, CCI extreme levels, ADX, etc.)

Counter-trend

This type of trading tries to profit from either a short-term reversal or a long term reversal. Short-term reversals are often called retracements. This strategy basically tries to buy at a reversal pattern (trend to reverse is a downtrend), or tries to sell at a reversal pattern (trend to reverse is an uptrend).

Advantages

  • If the signal is correct, the entry price is close to the high/low of the reversal.
  • Usually high RR ratios are used in this concept.

Disadvantages

  • Trades against the direction of the trend have a higher rate of failure.
  • Sometimes trying to pick the bottom or the top of the trend can lead us to have an even higher rate of failure.

Should you have any questions don’t hesitate to use the Q&A Section.

Good luck!

Tags: Currency Trading Training DINDIGUL, Forex Reviews DINDIGUL, Best Forex Broker DINDIGUL, Forex Signals DINDIGUL, Forex Fund Management DINDIGUL,forex training and trading, stock market trading, forex school, forex education,Learn to Trade Forex
03 Jun 2014 6:21 pm Posted by tamilforex

 
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