How to create your own
simple stock trading strategy

Key stock trading terms
for best stock market strategies

1. How do I find the best trading candidate (best stock pick)?
2. How I will trade it?

I recommend you go through these steps:

1. Learn the basic elements of TA
   
   
   First you need to know about the basic elements of technical analysis to use in your stock trading system.
   

   • Introduction to technical analysis
   • Candlestick chart basics
   • Candlestick charts advantages
   • Support and resistance

   
   

   • Principles of stock chart analysis
   • How to read stock charts
   • How to make easy to read stock charts
   • Main tools for technical analysis of stock charts

   
   
   
2. Create a stock trading system
   
   
   Here you will use basics from the previous step to define how you will find answers to the two questions above, basically, rules for stock scanning and rules for trade entries, exits, stops and their management.
   
   

   Also don’t forget to read about the possible results of every stock trade.

   It is important to check trend on stock index charts before decision what direction of trade strategy should be preferred - long or short ?

   
   
3. Complete your system with good money management and risk management rules
   
   
   Don’t forget to put into your trading plan these important money management rules defining maximal risk for your trades.
   
   It is also good to have an idea about stock market trends when you apply your money management rules.

   
   
4. Practice stock chart analysis and trade management
   
   
   Apply all rules defined above and practice them. Use a stock trading journal to generate trading statistics. Fine-tune your stock trading based on these statistics to obtain the best results.

   If you want to test your stock trading strategy or risk management for your stock trading system, then always use some paper trade stock market methods.
   

   
   
5. Start real stock trading and generate monthly income
   
   
   Open an account with a good broker and begin to trade stocks using the principles of your stock trading strategy.

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