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Nairaland Forum / Nairaland / General / Investment / "Building Your Own Forex Trading System: Step-by-step Guide" (102 Views)
How To Generate Your Own Forex Trading Signal - Stop Wasting Money (it's Free) / Make 5% To 7% Of Your Capital Daily Using This Trading System... / Give Away Currency Trading System That Will Return 50-100% Monthly (2) (3) (4)
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"Building Your Own Forex Trading System: Step-by-step Guide" by Kremlinred: 8:04am On Jun 10 |
Building your own Forex trading system involves several key steps: Define Your Goals: Decide what you want to achieve with your trading, such as specific profit targets and risk tolerance. Choose a Trading Style: Determine your trading style (e.g., day trading, swing trading, scalping) based on how much time you can commit and your personality. Select a Market: Pick which currency pairs you want to trade. Some pairs are more volatile and liquid than others. Create Entry and Exit Rules: Establish clear rules for when to enter and exit trades. This can be based on technical indicators, price patterns, or other criteria. Risk Management: Set rules to control how much you risk on each trade, like using stop-loss orders to limit potential losses. Test Your System: Use historical data to backtest your system and see how it would have performed in the past. Start Small: Begin with a demo account or small trades to test your system in real market conditions without risking too much money. Analyze and Adjust: Regularly review your trades and adjust your system as needed to improve performance. By following these steps, you can create a Forex trading system tailored to your personal goals and trading style. LinkedIn: https:///3yRJkVp 📈 📉 FB: https:///4bWFg4H 📈 📉 YouTube: https:///3yLvlkg +2348051562563, +2348136337484, ttimothyudu@gmail.com
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Re: "Building Your Own Forex Trading System: Step-by-step Guide" by SEGLIZ: 9:20am On Jun 10 |
they say these things but still fx trading is deeper than it's theory. |
Re: "Building Your Own Forex Trading System: Step-by-step Guide" by Kremlinred: 4:05pm On Jun 10 |
Yes definitely! Like every profession out there, FX trading is a profession and must be seen as such! Don't expect anything fast from it! Other than that, for those of us who are genuinely interested, it's all worth the effort |
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