Trading Strategy

[overtrader]

Wanna know great resource for the principle behind the design of a succesful strategy. You must look at this site:

http://www.elitetrader.com/tr/index.cfm?s=17

[ghaze]

Ones of trading strategy is trading news. Trading news is taking advantage of the shock in the markets when there is an economc new release afecting some currency.

Many traders that trade news scalp the spike, manually, with a straddle, etc. there are others that do it more technically but is basically the same, place a position to take advantage of the temporary volatility that the news cause.

Look at yesterdays charts at 2:15 EST, they got completely dizzy because the USD Interest Rate Statement, if you placed a short in EUR/USD or in EUR/JPY you would have made some nice pips (provided that you were not stoped in the previous ascending spike.

Trading news is not illegal, but the orders during low liquidity times as when news release, is a difficult task to brokers (or at least is what they make us beleive), so, some brokers will shutdown servers, freeze your platform, deny or change constantly a quote, or in the best of cases, increase their spread, so that they have an edge and don't lose money if you get a price that they can't provide anymore because of the fast movement. Many brokers won't want you to trade news, but there are others where you can do it without a problem, to find about those brokers you must make a research.

Hope this helps.

[fxangel]

Originally Posted by overtrader

Wanna know great resource for the principle behind the design of a succesful strategy. You must look at this site:

http://www.elitetrader.com/tr/index.cfm?s=17

well, i haven't finish reading the article but so far so good..The author tackles important factors in trading.. Which is good to give more emphasis on what are the things that a trader sometimes forgot.. and what are the things that a trader should always remember..

[sweet_piplady]

Originally Posted by overtrader

Wanna know great resource for the principle behind the design of a succesful strategy. You must look at this site:

http://www.elitetrader.com/tr/index.cfm?s=17

Forex trading can be much more difficult for a newbies to learn. And there are some basic principles that they should learn and understand, and these concepts may even be helpful to the experienced traders.

One way to handle your forex trading is to identiy trading opportunities and use a tested approach which will save you a lot of stress when forex trading.

Here's a good video i found on youtube which talks about identifying opportunities. http://youtube.com/watch?v=d9FEHjFMEkc

I've heard that there are lots who are having good results with this.

Originally Posted by ghaze

Ones of trading strategy is trading news. Trading news is taking advantage of the shock in the markets when there is an economc new release afecting some currency.

Trading news is quite risky..

There are some traders who are not comfortable with it..

That it didn't work for them..

So before you attempt to this, make sure you're already accomplished. And you know where to get the news right.

[JCKriek]

Hi there everyone!

The first step to system development would be to try and decrease the drawdown. If the drawdown is decreased then you can expose more witch will result in more profits. Take ANY entry system and try and minimise the Drawdown before trying to tweak it here and there

Johan