Navigator in the CFD dealing world

Everyone knows that before making the first deal a person must have a trading plan or in other words he should know when to enter a trade, when to quit it and when to stay out of the market. These three points are determined by chosen type of analysis that you prefer.

Frankly speaking, it is not crucial which method or principle you will use to define direction of price movement. Just pick the one you think is the most suitable for you personally. This may be a combination of different methods either. There is no Holy Grail among all of them that is the best and has 100% profitability. If it existed, somebody would have earned all the money in the world already.

Your chosen type of technical analysis serves only as an instrument of creating your plan of buying low and selling high. There should be no gambling and emotional decision making but only determined signals. And you know that your plan is good if more than a half of your trades are successful or at least you get more profits than losses. But just don't expect to find ideal trading strategy which is right all the time. You can't avoid failed trades completely. Sometimes dozens of signals of different trading theories tell you that the price will grow but the next minute it falls. However, we can expect that these signals work in, let say, 75% of cases that makes them valuable.

As was mentioned before, you have to create all those three rules which will tell you when to buy, sell and simply watch. This process will take some time and certain efforts of your brain but everything depends only on you. After that you have to test and improve your plan. This process usually never ends. Analyse all your failures in the market and make changes in your trading. It doesn't mean that it is necessary to change the chosen type of technical analysis. Take a large amount of trades and calculate the percentage of good and bad deals as well as gained profits and losses. If you see that overall you lose money, then your trading signals need to be revised until you get positive results in the market.