I hope you have read and liked previous blog titled “Ganesha – The Lord of Beginnings”. If you have not read yet then go to link https://swaycharts.com//ganesha-the-lord-of-beginnings/
In this one I would talk about followings
- What is Trading Systems?
- Why should one follow Trading System?
- How many Trading Systems are available?
- How should choose the best Trading System?
Are you ready to find out answers to above questions? Yes, then let’s begin
Trading System is set of rules/strategies one follow to take a trade in stock market. Trading System helps to shortlist stocks to buy and sell, decide entry and exit levels. It can be as simple as if open price is above yesterday’s close price then buy. Isn’t it simple? Yet many investors and traders do not have Trading Systems or do not follow and so Trading as a profession is many a times called Gambling.
Imagine you are trading without proper Trading System, what can happen? It’s like running towards the Destination without knowing its direction and we might be running in opposite direction. Result is we will get tired but never reach our destination.
Trading System helps to find good setups for buying or selling, it will help to eliminate bad decisions. Trading System also guide you to find better entry price and define risk reward ratio. All good Trading System will help you control losses and maximise profits. Without a Trading System you don’t know when to cut your losses on bad trade or ride on a winning trade. It is important to have a Trading System that suits your trading style and helps you to execute trade better during live market.
The most difficult question comes is which is the best Trading System, there are so many Trading Systems and how many Trading Systems one need to learn. Let me ask a question, when a soldier goes in a war how would he know which is the best weapon to win the war and will he go to war with just one weapon? No, correct, similarly One needs to know key important Trading Systems and depending on type of market one might use different Trading System for different purpose. One need to have knowledge of good Trading Systems so that he is better prepared during surprises that market gives quite often now.
There are many Trading Systems available based on Momentum Indicators, Volatility Indicators, Price and Volume, Moving Averages, and many more.
This is where Swaycharts plays a key role in shortlisting good Trading Systems from so many and share them with the people interested to learn. Swaycharts also helps to understand and apply these Trading Systems using different techniques during the training sessions and post sessions.
Swaycharts also helps you to identify which Trading System you are doing good and which one is not working for you. It is important to know which ones is best for me so that I can go deeper and master few Trading Systems instead of knowing them all.
In a Free Seminar you have registered for either 14th or 15th Sep in Pune, we would be talking about Trading Systems, we will share 3 Trading Systems and how to identify good Trading systems for you. Don’t forget to attend the Seminar and do share with your friends and family who can learn more about Trading Systems in the Seminar.
Seminar Details: https://swaycharts.com//seminars/
Registration: https://swaycharts.com//registration-for-destiny/
Watch for next topic where we will cover the most important part about why Traders or Investors fail to follow good Trading System.
Thank You,
Swaycharts