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The complete trading system presented in the seminars is basically made up of two parts:
1. Trader’s mind-set.
2. Trading system methodology and software.
Trader s mind-set
A consistently successful trader who uses technical analysis needs to attain a mind-set who will keep him consistent and disciplined in spite of adverse conditions. Technical analysis trading is a pattern recognition numbers game, where technical analysis is used to identify the patterns, define the risk and decide when to enter and exit a trade. The seminars promote a probabilistic mind-set and train the student to think in probabilities. The mind-set revolves around the following tenets:
1. Every trade is unique.
2. There is no guaranteed outcome.
3. A market opportunity is a higher probability outcome.
4. There is a random distribution between winning and losing trades.
5. For a winning trade you do not need to predict the future.
Trading system methodology and software
In a most practical manner the seminars present a trading methodology which is implemented in a software package which is distributed to the seminar participants. A set of technical analysis indicators are presented in various groups to interoperate in various timeframes. The data is entered in the software package, which will present a black and white view of whether to invest or not and the degree of risk. The software package also includes a trader s log, which can be used to analyse the activity of the trader.
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