9.1 Identifying a trading style Before building a trading system, identify your preferred trading style, such as scalping, day trading, swing trading, or position trading. Your trading style should align…
7.1 Developing a trading plan A trading plan is a comprehensive blueprint that outlines a trader's strategy, risk management rules, and performance goals. Creating a well-defined trading plan is essential…
6.1 Understanding risk-reward ratio The risk-reward ratio is a measure of the potential profit of a trade relative to the potential loss. A favorable risk-reward ratio (e.g., 1:2 or higher)…
