Building You cashbackinforex Trading SystemThe main focus of th Forex rebate king article is to guide you through the steps you need to take to create your own cashback forexDeveloping a system is not time consuming, what is time consuming is testing it endlessly so you need to be patient! In the long run of creating a system, the system can subconsciously create money for you Step 1: Time frame When you create a system, the first thing you need to decide is what kind of trader you want to be Are you a day job trader or a swing trader? Do you like to look at charts on a daily, weekly, monthly or even yearly basis? How long do you want to stay in your position? This Forexrebateking help you decide which time frame you will use to trade. Although you will still be looking at many different charts, searching for trading signals will be the main time frame you will use Step 2: Find indicators that can identify a new trend. In its simplest form, the moving average crossover is In its simplest form, the moving average crossover is the fastest way to identify a new trend, forexrebateindonesia the easiest way to identify a new trend. There are many good indicators to confirm a trend, but Pipsurfer actually prefers MACD, Stochastics and RSI. When developing your system, it is important to determine how much you are willing to sacrifice on each trade. Not many people like to talk about losses, but in reality, a good trader will consider how much he or she can win before considering how much he or she might lose. You will learn more about money management in a later lesson Money management plays an important role in how much you must risk in your individual trades Step 5: Define the buy and sell When you determine how much you are willing to lose in a trade, the next step is to find the buy and sell points of your trade to maximize your profits Some people like it when all the indicators match. Others prefer to wait until the indicator is off to buy. One of the bloggers at Baby.com, PipSurfer, thinks it is best to wait until the indicator is off to buy. He has been in a lot of situations where he was in the center of the indicator and all the indicators matched up only to find a situation where the volume was all down when the indicator was about to turn off. Another way is to set a fixed target and sell when the price reaches your target amount. How you estimate your target amount is up to you. After you do all that, youve made it! Another way to sell is to set a set of criteria that will instruct you to sell when the criteria match. For example, you can set a rule that when your indicator amount falls back to a certain level, you will sell all your trades. One of the most important characteristics a trader must have, so you must always remember to keep a firm grip on your system! No system will work for you if you dont follow the rules, so remember to train more and practice. How to test your trading system? The fastest way to test your system is to find a charting package where you can return in time and when you move the chart to a certain indicator at a certain moment, you can follow the rules of your trading system and trade accordingly. Record your wins, losses, average wins, average losses and if you are satisfied with the results you can proceed to the next step of the test: real trading on a sample account and real trading on a sample account with your new system for at least two months. Real trading is very different from going back and retesting. After two months of practice trading on the sample account, you will know if the system really holds up in the market and if the results are still good, later you can choose to trade with your system on a live account. Done!