Trading Systems and e-Books:
Your trading should be managed with the help of a set of rules to make certain that your participation in the market is objective and not based on your emotions. A full forex trading rule system must include 
rules that control:
• Which currencies to trade
• Entering point
• Exit point
• Opening stop loss
• Trailing stop loss
• Take profits point
• The number of contracts to trade with
The forex trading system should be carefully examined using
chronological price data. This procedure can be carried out
automatically with the help of modern software.
This examination can be used to optimize the parameters of your trading system. This process supposes that future behavior of the market will be analogous to its past behavior. This is not always true as all markets undergo slow changes, and backtesting your forex trading system on a regular basis will help you adjust your parameters to the altering market environment.
Trend vs. Range Forex Trading Systems
Both trending and ranging markets need a forex trading system. It is very difficult to develop a system suitable for both environments.
Markets range more frequently than they trend.
For that reason, it may seem wise to use forex trading system optimized to a ranging market. On the other hand, taking part in range trading limits your profit to the size of the range, but trading trending markets makes your profits unlimited. Therefore, trend trading is more profitable although you’ll probably have to bear more losses before you earn a fortune.
| 
