Five mindsets to create automated systems in the Forex trading system

When it comes to building a forex trading system, there are certain mindsets that, if followed, can lead to better results. Try them for size. This is what I have found useful over the years. Give them a try and let me know what you think. Building automation contractor are here now. Mindset 1: Forex has a 40% time trend So make sure that your system takes this into account, otherwise, your system will end up which stops working too much or sits idle. A common saying among traders is "Trend is your friend". Take it to heart This does not mean that you should ignore the pairs or time periods when you are moving along the market, but 70 to 80 successful forex systems are based on the trend. Mindset 2: Forex High Risk is High Reward, which means that just taking care of the risk will pay off Okay, so that's not entirely true, but everyone likes to focus so much on entry strategies that they barely pay any attention to exit and business management, it's like people forget that You only make money when you exit the market. There is really only one golden rule in trade: don't lose money. Fraud is easy. Easy to understand but difficult to implement. Bottom line? Focus on your risk management, I'll give you ten great entries, don't worry about getting out of entries and business management. Mindset 3: Markets change, expect everything Markets go up, down and around. When building a system, make sure all three are accounted for, otherwise you will lose money. It can be as simple as having an algorithm to figure out what the market is doing, if it starts moving along the way as soon as it leaves your system. You will be amazed at how much more profitable and stable your system is if you do not trade on every signal. Mindset 4: Never rush to launch a system, I know you want results and you want them now but haste is wasted and you will waste your money Test and test and test something else. You have to test your system in a million different ways before you leave your money in trapped markets. Patient, I know it's not easy, especially when you start to see some good results after the correction. Trust me you will want to trade this paper for a while and back it up as much as possible. Mindset 5: The more you consider it real money, the better the trader will be I know this sounds a bit counter-intuitive, but repeated research has shown that thinking about trade and money does not diminish the human mind. If you start imagining all the money you will make, you will end up making some very serious decisions while building your system. You will take risks that do not justify leaving the business. Think of your account balance as just a number or a score. While this does not mean that you should start taking unnecessary risks, realize that a separate approach is needed to build the Building automation system