Education

Trading According to Plan

This article written by Simon Betschinger was originally published in the August 2013 issue of Traders' Magazine.

  • Mr Simon Betschinger holds a master's degree in economics and has been trading since 1998. Hes is a partner and founfer of Trader-Fox GmbH, a real-time stock-market software program for the systematic trading by chart patterns. In addition, he trades with a real-money portfolio on the trading portal Master Traders.
How do you actually trade according to plan? Trading systematically means far more than merely setting stop prices or following technical chart signals. For a trading plan to work long term, it is necessary to know and consistently axploit your own edge when competing with other market participants. Professional trader Simon Betschinger shows us in this article how a theory about the workings of financial markets will force lead to specific trading strategies which can subsequently be integrated into a complete trading plan.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.