2023-03-11 22:02:51
To create a trading model as a technical trader, you will need to follow a few key steps.
* First, you will need to develop a clear understanding of the financial markets you want to trade in, including the underlying factors that drive market movements and the different methods and techniques used by technical traders.
* Next, you will need to identify a set of trading rules or guidelines that you will use to make your trading decisions, based on your analysis of market conditions.
This may include criteria such as the types of trading signals you will look for, the time frames you will use to analyze the markets, and the risk management techniques you will employ to protect your capital.
*Once you have developed your trading model, you will need to test it using historical data to see how it would have performed under different market conditions. This will help you to identify any potential weaknesses or flaws in your model and make any necessary adjustments before you start trading with real money.
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