Trading System | Trading System Basics Getting Back To Basics - A Trading System That Sticks To The Basics
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Getting Back To Basics - A Trading System That Sticks To The Basics All professions whether it be sport, business, or trading have what are called the basics and if you’re starting out in a new profession, the basics form the foundation or the core. However if you’ve been practicing your profession for quite some time and feel you’ve gone off track or are not hitting your goals, usually the best thing to do is just get back to the basics: and trading is no different.
This is not an article based on emotional discipline or psychology, it is based on the basics of a trading plan, and it really doesnâ€™t matter if youâ€™re long term or short term, the basics apply to most market participants. Some may have trading plans that are quite different to the basics however for the majority who are relatively new to trading or are struggling, the basics are by far the best approach to adopt. The basics are split into three and are: 1. Determine the trend 2. Wait for a pullback 3. Enter on an event or pattern Read More.
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