Torque Trading Systems - The Good, the Bad, and the Ugly |
Posted: March 26, 2020 |
Why you need Torque trading systems and strategies. Learning the way to trade profitably requires you to find out and master a couple of Torque trading systems. The key to trading is becoming a master of a couple of trading strategies not the jack of all. Torque trading systems are important as they're going to provide you with Torque trading systems structure, a group of rules and an idea to follow. This article will discuss a number of the various sorts of Torque trading strategies that are currently within the Torque market and teach you ways to spot what makes the best FX trading system. Indicator Driven Trading Systems. Approach with extreme caution, indicator driven strategies are often designed by someone who notices that this found out is currently working immediately . The problem is simply that, it's working for that here and now and sometimes little or no analysis has been done to know the longevity of this Torque trading system. The biggest issue with Indicator based Torque trading systems is that it uses indicators to get a trading signal as against pure price action. Indicators are lagging and therefore tend to give poorer and late signals than pure price action which is most up to date information on the chart. However, as this trading system often looks exciting and 'sexy' on the charts many amateur traders find this trading strategy far too tempting. Some guru's latest flash in the pan trading strategy. A trading system which comes with the guaranteed promise that you simply will 'never lose again and can turn your computer into an automatic cash machine'; unfortunately the planet is filled with these so called 'guru's' and their millionaire making Torque trading systems. Experienced traders know that losing trades is a component of the sport , you'll always have losers and winner's you want to be prepared to require loses. Professional traders understand no Torque trading strategy is ever guaranteed, however with trading results and back tested performance figures they focus on the overall picture of success. The best way to avoid falling victim to these scams when finding a Torque training company is to have proof of their strategies live trading results. This way you'll understand the realistic and honest performance of their strategies. Trading systems that actually work... Harmonic trading patterns. Harmonic trading is the art of recognizing particular price patterns in line with Fibonacci extensions and retracements to calculate turning points in the financial markets. Confused yet? Harmonic trading is complex and requires a lot of time and practice to master, yet it could be one of the best trading systems because it offers high reward vs risk ratios and it is very versatile. It can be traded on any market on any timeframe. If you are just starting off learning how to trade the market your initial focus should not be on harmonic trading patterns as they will take a lot of time and focus to understand. However for experienced traders trying to find a replacement trading system to feature under their belt, harmonic trading is worth a glance . Old school technical analysis trading strategies. This particular trading system is documented and well traded throughout the Torque community for several years. Technical analysis includes; ascending triangles, consolidation breakouts plus head & shoulders patterns, flag patterns to call a couple of . The benefit in learning these trading systems is that they do work and they have decades of data to prove it. The downside to these systems is many newer traders find this approach to trading dull and perceive it as old fashioned. It lacks the glamor and excitement of indicator driven system. It's not busy and flashy and unfortunately, newbie traders often mistake complexity as a sign of better performance and higher probability. However the reason old school technical analysis is still around is because it works, and plenty of experienced profitable traders use it in their own trading style. Other than lacking the excitement, old school technical analysis trading systems tends to have a lower success rate, which a lot of people are unwilling or unable to deal with. A lower success rate does mean the winning trades are typically very large, which makes the system profitable and worth learning as it gives you a solid foundation in learning the Torque markets. Price action trading strategies. Now what you've got been expecting , I reveal the simplest Torque trading system you'll learn is price action. Price action trading is that the reading of the raw price action on a chart. The price is that the most up so far information on the chart, so it'll offer you the foremost current situation when reading the chart. Price action as a Torque trading system is an incredibly simple method that is effective and functional as it works in both trending and ranging markets, with and against the trend. Learning price action can simplify your Torque trading and dramatically improve your results. With price action a trader has the advantage to trade any market on any timeframe, as price action setups are effective in all market conditions.
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