Every successful trader has a trading system. Trading is like going to war, without a plan or a system, surely even the best general will fail to win a war. A trading system is like your own trading instruction to tell you when to go into a trade, and when to get out. So to trade the markets without a plan or a system is like handing out RM50 notes to every person that passes by you on the street. But don’t worry, help is on the way.
It is not difficult at all to create your own trading
system. A trading system can be anything from two moving average
lines of different periods crossing thus giving a buy/sell signal,
to the astrological calculation of time and space. No two trading
systems are the same, and every person should have their own trading
system that they are comfortable with.
There are basically five types of trading system:
1) Trend Following System
2) Breakout System
3) Market Pattern System
4) Support and Resistance System
5) Artificial Intelligence (AI) System
The best way to use a system is to pick one that suits your
characteristics in terms of risk tolerance and capital available. The
easiet to configure and learn is the Trend Following Systems. You
can always consult me to find out which type of trading system that
is best suited for you.
2) Breakout System
3) Market Pattern System
4) Support and Resistance System
5) Artificial Intelligence (AI) System
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