How to create your own foreign exchange trading system
Step 1: The first step in establishing a trading system in a time period is to confirm the types of traders. Step 2: Look for indicators to help judge new trends. Since one of the goals is to identify trends as soon as possible, indicators can play this role. The moving average is the most commonly used indicator, and traders also use it to determine the trend. In particular, traders will use two kinds of EMAs (fast and slow) and wait for them to intersect. Step 3: Identify indicators that help identify trends. The second goal of the trading system is to avoid false information, that is, not to fall into false trends. When a new trend gives a new signal, it should be confirmed by other indicators. Step 4: Clarify risks When forming your own trading system, it is very important to clarify the risks of each transaction. Many traders are reluctant to mention risks, but a successful trader will consider risks before calculating his own profits. Step 5: Once you have made clear the risks you are willing to take, the next step is where to open the position and close the position in order to get the maximum profit. Step 6: Write down the system rules and follow them.