The Dukascopy community
has drawn people from diverse backgrounds, pursuing different passions. Therefore whether one is a model, writer or poker player in on order to crystallize the winning prize the rules dictate that a minimum trading turnover be achieved among other conditions as shown in Fig 1.
Fig 1: Prize and awarding Rules for the Fundamental Analysis Contest.
Therefore, regardless of one’s passion and interest, ultimately to be successful one has to be a god trader. Being a good trader starts with creating a working trading system
A trading system
can be defined as a set of specific rules, or parameters, that determine entry and exit points for a given Forex pair. Further to that a trading system
is a comprehensive strategy that takes into account six very important factors.
In this article, we will cover the general approach to creating a rule-based trading system.
: The first port of call will be choosing the right contest that matches your style, passion and competences among the various contest on offer in the Dukascopy Community
. This will ensure that you enjoy whatever you will be doing and eventually open up th…