Hi traders, i have gone through babypips’s school and read some of the system like james16, cowbunga, trader888 and booksnon trading psychology for eg trading in the zone. It seems like i am moving forward or sth. Should i go through more system or stick to one system and backtest it? Or there are better system than the above forenmentioned.
Hey Bud, reading and action are 2 differant things.
How do you know what fits your lifestyle if you havent tryed one?
Find a system that excites you, then follow it to a T- ( Perfection) and take notes, MANY notes on the outcome of your trades… Do this for 1 week. Then, if you dont like the system, start breaking down the next system on your list…
But you must give it a good week… Start a demo account with a reasonable amount, as if your really deposited in real life…
Then see what happens…
But its key that your right down your finding for each system, and do a report on each at the end of the test…
Many systems work, but they must be followed perfectly, or you wont get the results that another trader might gert with the same system…
Good Luck
I couldn’t have said it any better, just like what MoneyNVRSleeps said, choose a system that suits your life style and test it on a demo account, make sure the starting amount is close to what you think you are going to invest and treat it like real money, and stick to demo for months if possible dont rush with live
wow…nice explanation…bro’s…frankly speaking…demoing with 100000$ and xxxxxxxxxx$ really ruin our trading …and its waste of money…and time…
as my bro’s mentioned demoing with an amount which is our ability to deposit is a perfect idea and it will give us a basic idea of how the real account will run in he future…if we trade like this …(like demoing).
as i go through your post (Aretes)…i come to know about new systems…but i have my own trading style…but not system…which suits to my job and to my way of trading …
remember one thing…there are thousands of systems …but no system will give you a satisfaction…unless u select a proper system which gives signals to catch…and trade…
i mean…i found cowbunga…which is very simple and great system…but it is useless for me…coz i cant catch the entry’s of this system…coz i can not spend time in front of my charts and system…
i think u got the point…and i hope this will help you…have a great day…thank u.