What should be a good weekly trade?

<p>Every next week brings in new challenges and new opportunities. People who like to do trials by themselves need abundance knowledge with regards to practicing trade or forecasting the market trends. It’s advisable to find some trusted brokers that will charge you some fees but provide you quality services.</p>

<p>This is a subjective question and depends on what your expectations are. Also the market is fluctuating in nature and requires one to have adept knowledge of the same.</p>

<p>Being a trader, we often want to be among the 5% list who actually makes money in the market. But most of the times we fall under the category of 95% losers in the market. So, what is more important in trading is managing the life cycle of a trade successfully.</p>

<p id="isPasted">As traders, we often strive to be among those who make money in the market. Most of the time, we end up being among the 95% losers in the market. It is more important to manage the life cycle of trade successfully in trading</p><p>To become a successful trader, follow these steps.</p><p><strong>DEVELOPING A STRATEGY:</strong> Review the chart to determine what works best. This will be your trading plan.</p><p><strong>BACKTESTING AND OPTIMIZATION: </strong>Back-test this trading plan on 5 to 10 years of data at least to check its accuracy and consistency. Modify the rules and optimize your Trading Plan.</p><p><strong>LIVE STRATEGY SCANNER:</strong> By preparing a SCANNER based on your trading plan, you can accomplish this. You will gain confidence in your trading plan as a result.</p><p><strong>AUTO TRADING ROBOT:</strong> Feed this Strategy into an AUTO TRADING ROBOT, which will execute all your trades based on your rules.</p>

<p id="isPasted">In its simplest form, the weekly rule recommends buying when prices reach a new four-week high and selling when prices reach a new four-week low. A new four-week high indicates that prices have exceeded their highest level over the past four weeks. A four-week new low indicates that prices have traded lower than they have at any time during that period.&nbsp;</p><p>All the big moves in a market will be on the right side of this strategy. This strategy also has a low percentage of winning trades. Markets tend to trend about a third of the time. The 4WR may be right less than 40% of the time in some markets. While the market consolidates with choppy price action, the other trades usually result in small losses.</p>