Developing A Trading Strategy by Frank McGuff
ARTICLE SYNOPSIS ...Developing A Trading Strategy by Frank McGuff
Trading strategies have several required characteristics, ranging from the ability to provide clear, unambiguous signals to the ability to validate each trade against the strategy. Developing and validating trading strategies is an absolute necessity in becoming a successful trader. Here, then, are some suggestions for designing a trading strategy.
An effective trading strategy will, first, be automatic; second, it will incorporate risk management; third, it will define what actions are to be taken in the near future; and finally, it will provid...