Professional Forex Trading Strategies - Professional Guide

Two important goals to achieve when developing your trading system, they are:
1. Your system should be able to identify trends as early as possible.
2. Your system should also be able to avoid you from whipsaws (false signals).
If you can accomplish these two goals, I guarantee you will be successful. The only hard part of those goals is that they can contradict each other. If you have a system in which its sole purpose is to catch trade signals early, then you will probably get faked-outs (false signals). If you have a system which its sole purpose is to avoid false signals, then you will be late to so many profitable trades. Always remember these two goals when you create your trading system.