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Naked Forex: High-Probability Techniques for Trading without Indicators by Walter Peters, Alex Nekritin

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CHAPTER 13

Creating Your Trading System

My parents taught me how to listen to everybody before I made up my own mind. When you listen, you learn. You absorb like a sponge—and your life becomes so much better than when you are just trying to be listened to all the time.

—Steven Spielberg

Years ago, I met a trader named Miguel. He, like many others before him, was interested in becoming a full-time forex trader. We spoke about trading psychology, trading systems, reasons for becoming a professional trader, and we talked about how boring trading is. My friend was a professional in the finance world, who worked at a bank in Switzerland. He really wanted to learn how to trade for consistent profits in forex. I told him that once he learned to be an efficient trader, his trading would become very boring. He was shocked to hear this. It is true, successful trading often is boring. He did not believe me, but nevertheless he thought it would be great if he became a bored professional forex trader.

Many years later, my friend has left his job at the bank, moved from a chilly country to a nice, warm tropical location, and he now trades a few times each month. He wrote to me to say, “Now I know what you mean when you said that ‘trading will become boring.’ ” I hope this happens for you. I hope that trading becomes boring. I hope that you do the same thing over and over and over again, and find it very easy to pull profits out of the forex market. If you work hard, your trading may become ...

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