Everyday lot of traders ask me what trading system i use and they also ask my opinion about what trading systems they can use. The best advice that any experienced trader can give to another inexperienced one is to find things yourself. Not only in trading, in any sphere of life, only those things which we learnt by ourselves and which we spent time in understanding and imbibing would stay with us throughout our life. Those things which are got for free without much effort would either not stay with us at all or would leave us soon. We would understand the full value of anything only if we struggle and achieve it.
So try and learn trading and systems on your own. Go around the net, look into forums and forex sites, read read and read and gain as much knowledge about all the things as you can. The net has an equal number of scamsters and very helpful people as well. So be careful and spend your time finding out who the scamsters and who the nice guys are. Of course, you would lose money and time in the process but it would be well worth it. Learn the basics first, then how to see the charts, then learn the important indicators and then try to develop your own trading system. Of course, lots of system are freely available on the net. Learn as many as you can and if you feel comfortable with any of them , go ahead and use it. Or find out the good points of the system and try to incorporate them into your own.
Even today, though i may have 2-3 trading systems of my own, i spend every weekend trying to look for a new trading system which is better than my current one. I look around the forums and also look at the charts myself to develop my own. No trading system would be 100% successful but you can keep looking for systems which get close to that figure. The closer you get, the more money you would make. The process of learning and improving never stops. So keep reading and keep learning. It will always be useful whichever stage of your life (trading and otherwise) you are in..
So try and learn trading and systems on your own. Go around the net, look into forums and forex sites, read read and read and gain as much knowledge about all the things as you can. The net has an equal number of scamsters and very helpful people as well. So be careful and spend your time finding out who the scamsters and who the nice guys are. Of course, you would lose money and time in the process but it would be well worth it. Learn the basics first, then how to see the charts, then learn the important indicators and then try to develop your own trading system. Of course, lots of system are freely available on the net. Learn as many as you can and if you feel comfortable with any of them , go ahead and use it. Or find out the good points of the system and try to incorporate them into your own.
Even today, though i may have 2-3 trading systems of my own, i spend every weekend trying to look for a new trading system which is better than my current one. I look around the forums and also look at the charts myself to develop my own. No trading system would be 100% successful but you can keep looking for systems which get close to that figure. The closer you get, the more money you would make. The process of learning and improving never stops. So keep reading and keep learning. It will always be useful whichever stage of your life (trading and otherwise) you are in..
