How to choose your trading strategy according to your trading preferences?

What is a Trading System?A trading system is a set of rules and fundamental principles of market analysis and trading. At its core, is a trading algorithm that allows the trader to successful trade via FIX API Forex.

3 key points in creatinga trading system: 1. The strategy of the trading system; 2. The tactics of the trading system;3. Capital management.

Strategy of a Trading System.Strategy of a trading system is a global vision of your trading.What moves the market is what shapes its further movement.

Tactics of a Trading System. Tactics of a trading system is the point-by-point interaction witha specific situation or trading signal. If by strategy we identify long-term prospects, the tactics help us decide how to act here and now.

Tactics of a Trading System. In order to understand which elements should be present in the tactics, you need to define your personal trade preferences: - Will there be trade on all currency pairs or a certain list of them? - What methods have you used in the analysis that fit you most? - How many filters will be in decision-making?- How will the signals from the trading system be selected?

Asset Management.Asset management also plays an important role, because thanks to it, you will be able to manage risks. It also helps to identify the desired rate of return. But most important here is the risk. Effective money management helps to achieve success in trading on marginal markets.

Conclusion.These are the three key components, upon which a trading system for trading on FIX API Forex must be based. Upon combining these components and meeting all the prerequisites, you can create your own trading system, which is perfectly suited to fit your trading style.