3

Define Your
Trading Strategy

Strategy is one of the most important components of successful trading. The strategy allows you to go to the goal despite the current events. Creating a strategy first of all requires experience, and throughout your professional activity you will refine, modify and improve your strategy, but most importantly you must understand its role and importance. You can start creating your strategy with the following points.

about thumb

3.1 Setup a Trading Strategy

To begin with, it is enough to formulate a trading strategy based on your goals, since to achieve each goal you need your own strategy. It is important to formulate and write down this strategy, it will be your personal guide in daily trading.

Strategy in 6 steps

Simple guide how to design your trading strategy from BabyPips.

Create Strategy

Advices on how to create your trading strategy.

Part Time trading

Strategies advices for part-time Forex traders.

Strategies that work

Great material with the best Forex trading strategies that work.

3.2 Decide either Speculate or invest

Two cardinal differences, quick profit on fluctuations and a long game. Learn the main differences between these two approaches. Take the test to see which approach is best for you.

Trading vs Investing

What is the difference and what works for you.

Key Differences

5 key differences between investing and tradingKnowledge Center5 keys of investingDetails.

Forex vs Stocks

Comparison of Forex trading and stocks trading

3.3 Define your Enter/Exit strategy

One of the main strategies that you must prescribe for yourself, never trade without clearly described rules for entering / exiting a trade.

Must Know Strategies

Must know simple and effective exit trading strategies.

Exit Strategies

3 Trading Exit Strategies – How to Exit a Profitable Trade.

Trade Timing

How to Decide Entry/Exit Points.

4. Practice and test
your strategy

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