How to create your own Forex trading system that works?
Are you a Forex trading beginner? You started just recently, you are now overwhelmed by all those charts, the magical movement of them? You already realized that there is so much information out there, that it will take 2 lifetimes to go through it all? You are completely confused ant don’t know where to start? You still looking: how do I create a Forex trading system that actually works?
My mission is to help you stop losing money!
You probably heard that statistics. 97% of Forex traders and Forex beginners are loosing money? I dare to say that this statistics is there only because most of those Forex traders are taking wrong steps from the very start of their Forex carrier.
As you probably understand already. John – is an example of a Forex trader who wit 97% chance will lose his money, time and most important – motivation.
House: means your own Algorithm of trading actions.
97% of Forex beginners. Start to build their Algorithm of trading actions from trading system. Most of the time this trading system is just a set of mathematical formulas and couple of trading signals. And signals – all they do is just give a 50/50 (50%) chance.
After he creates a trading system – then that trading system starts to dictate the tactical plan, and only then he realizes that this tactical plan is set for a completely wrong strategic direction (Forex strategy). Instead of going with trend he goes against the trend. So after loosing loads of money and time – he decides to scrap the whole idea about Forex trading.
As you allready understand:
Forex Trading system – is the roof
Forex Tactical plan for the upcoming trading session – that’s the walls
Understanding the market and its strategic direction (Forex strategy) – this is the foundation
If you want to become successful in Forex trading – you have to start from learning to understand the market. To understand its strategic direction. Only then – you can move to the tactical plan stage. And as you can see – trading system – in this case – is just a set of mathematical rules. Once you create your own algorithm of action – you will automatically come op with dozens of trading systems. Trading system will not be a question anymore.
So my advice to you is. If you want to be successful Forex trader You need to start taking the right steps from the very start. Develop the understanding of strategic direction first (the Forex strategy). Find yourself exact reference points that will help you to know exactly is the Forex market in a trend phase or is in a flat phase at the moment? Then you will know what Forex tactics to use – and trading system will appear automatically as a logical continuation of the Forex trading process.
If you are wondering where you could find those reference points – I invite you to join the RMPForex.com training program.
What trading system was the very first trading system that you were using as a Forex beginner? Where did you start as a Forex beginner? What would be Your advice for a Forex beginner? I would like to hear from you in the comments of this video! Looking forward to meet you there!