Simple Steps for a Profitable Trading by Louizos Alexander Louizos - HTML preview
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STEP 5
After all these you may feel ready to trade in a live account. But believe me you are notstill ready! You have to experiment a lot with the things you have learned in your demo
trading account, before you start trading with real money.
It is time for you now to develop a trading strategy. After experimenting enough with
technical indicators, trendline analysis and fundamental announcements you may have
noticed some strategies that seem to be profitable for you. Write these strategies down and
keep on implementing them until you have refined them the best possible way.
These profitable for you strategies are what the professional traders call a “Forex
System: A set of rules that when followed with discipline result to profit.”
Through practice you have eventually created a Forex system. You keep on refining
your system with practice. And you realize profit from your demo account's trading. But wait! There are some more things you need to know before trading for real.