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fibo777

  1. Trading system or trader personality

    by
    fibo777
    , 06-10-2012 at 04:21 PM
    What is more important: a good trading system or a trader’s personality? In short, both are important, but if you cannot control yourself and follow your plan with discipline no trading system will help you. If, on the other hand, you diligently analyze markets and are able to see what works under different market conditions you will be able to use not only one, but a number systems that will be good for that specific state market is in at that specific moment.

    Ability to see what state market is in is a key to successful trading. If you are a trend trader and want to apply trend trading strategy for a range bound market you will definitely be disappointed. If you want to be a good trader you have to expand your knowledge. ...
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