Tag: top down trading strategies

How to Create a Trading Strategy

To be able to trade profitably is important that you have a trading strategy. That way you always know what to do in every situation. Having a strategy means that you have to consider what can happen when you trade already before the trade. The best strategy even tested before using them with real money.

If you do not know how what looks like a good strategy, you should consider looking at other strategies traders. Of course, this is a very sensitive theme among traders. They may not be very cooperative, because they want to make money with their strategy.

There are many companies that provide trading strategies. You can easily get top down trading strategy via pointandfigure.com/top-down-analysis.html.

Image result for trading strategy

Image Source: Google

That means that you probably will not get the information from other merchants, but you can always consult traders no longer active. If they succeed, they might have a good trading strategy. And, if they are not traded, it is likely that they will give you some advice.

Otherwise, books, magazines and the internet is a good source for a trading strategy. This way you can see what other people have used and you will also get some explanation of the theories. That way you can learn what works and what does not, and you will be able to start building your own trading strategy based on this knowledge.

When you've created a strategy, you must remember that discipline is very important in the trade. Follow your strategy. Otherwise, it is useless and you might start to lose money. Many traders would go so far as to say that perhaps discipline is the biggest problem traders. If you are not traded discipline you will lose money. It was as close to a fact as it can.