The Codex Process

The Codex Process

The codex approach introduced in Getting Started in FOREX Trading Strategies

attempts to meld the three elements into a trading process. Changes to one element, such as trading technique, will reverberate to the other elements. Instead of looking at the elements individually, a personal trading codex folds them into a process beginning with finding good trading candidates and concluding with a short postmortem of each completed trade. An analysis of each completed trade allows the trader to adjust his trading codex in an evolutionary, rather than revolutionary, manner. The specific codex method I use is named FxCodex in this book. Codex refers generally to the process method of trading; FxCodex refers to the specific elements I use to trade currencies as a process.

Trading Strategies: Codex

• Tracking

• Selecting

• Entry

• Monitoring

• Exit