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Description
Introduction to System Building Masterclass by Scott Phillips Trading
When building your trading system, the first thing you must determine is what kind of forex trader you are. Are you a swing trader or a day trader? Do you like watching charts on a regular, weekly, monthly, or even yearly basis? How long do you intend to keep your current positions? This will help you decide which time period to trade in. Even if you will examine several time frames, this will be the primary time period you will consider when searching for a trade signal.
The System Building Masterclass by Scott Phillips Trading will teach you how to build a variety of trading structures and provide high-quality models of the trading system you want to build, which are now traded by professionals in the real world. It compresses 6 months of laborious work into a few weeks. You can learn how to perform a high suspense scheme in as little as 20 minutes per day. Scott Phillips, in particular, will explain how much more this is than what you’re already doing.
What to learn in System Building Masterclass
- Introduction
- First steps of system building
- Finding an edge
- Scatter plots
- Crafting an exit
- Backtesting
- Position Sizing
- Record Keeping
System Building Masterclass by Scott Phillips Trading contains detailed downloadable PDF files along with video content in which Scott takes you through what is going on and what to look for, chart samples of entries and target costs, and some examples of what not to do. Overall, it is, as one might expect, a reasonably thorough overview of System Building Masterclass.
Getting to know Scott Phillips and his Scott Phillips Trading
Scott Phillips is a seasoned derivatives trader who works as a systematic trader in the equity and futures markets. He has been a full-time trader since 2007 whose guiding philosophy is to measure and evaluate everything. Any statement about a trading policy, according to Scott Phillips, is nonsense. He created Scott Phillips Trading, where he can explain how he produces ideas for his trade setups and include personalized measurements, signs, mysterious esoteric techniques, and everything else binary options-related.
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