When trading Forex you need to follow a particular technique or
trading strategy for recognizing when to enter and exit the market. It
is important to have a set of rules to follow to make hard decisions,
or to mechanize these rules in a trading system
First there are traders who try to guess which way the market is going.
Now, it may be surprising, there are many traders who do just that .. turn to look at a chart or a story, and then decide whether to buy or sell. If they can make money in forex in this way, then it is difficult to argue that this is a wrong way to do Forex Trading.
However, the problem of this type of trading is that it is almost always impossible to get consistent results. In other words, the trader who trades by instinct can never fully justify his trading strategy, since there is no clear rule as a way of trading.
Traders who apply a rigorous approach in their trading will inevitably get better results. If you use the same rules for every trade we make, then it has at least one reference point from which to work.
If you're losing money you can decide to change some rules to your trading system or change some wrong aspect.
To use a system of rules is to have a scientific approach to trading, and record, just as a scientist, every experiment in order to improve the trading system you are using.
If you apply a trading system XYZ to enter a trade and after a certain number of trades if we see that we are losing money, then you can change the parameters X, Y or Z until you find the method that works best for us.
But, even when we have refined a good trading strategy and we still have to open or closed positions, that's the human element comes into play .. is the ' emotional , the psychological element that affects us.
Herein lies the weakness of the Trading System!
Even if you know you need to enter or exit a trade, you do not do it because at that particular moment an inner voice tells you not to!
The solution is to use autotrading software , as far as possible, when the trading strategy.
Automatic Trading Systems
automated trading systems are the most written about forex topic than any other topic on the web. At the base of automated trading systems is a particular strategy that has been tested by back testing for a long period of time. There is no kind of emotion involved in decision making.
If the trading software calculates a high probability of success, it will open the position without hesitation, automatically, without human intervention.
There have been heated debates about the use of Forex Robots in Trading. Some traders are favorable, others less so. In my personal experience, I can say that it is essential to rely on trading systems, if you have problems opening and closing position even when you know the time is right to open or exit.
Conclusion
In Forex trading, as in life, there are no proper methods, but only systems that best fit your trading style. Some people prefer to rely on automation of software, and others prefer to rely on their own personal trading strategies ..
Another alternative would be to rely on market professionals that provide Forex Signals , through e-mail or SMS. If you dont have time to sit by your computer waiting for signals because you work or have other commitments then there are some good forex signal providers that use automated signals that trade themselves
First there are traders who try to guess which way the market is going.
Now, it may be surprising, there are many traders who do just that .. turn to look at a chart or a story, and then decide whether to buy or sell. If they can make money in forex in this way, then it is difficult to argue that this is a wrong way to do Forex Trading.
However, the problem of this type of trading is that it is almost always impossible to get consistent results. In other words, the trader who trades by instinct can never fully justify his trading strategy, since there is no clear rule as a way of trading.
Traders who apply a rigorous approach in their trading will inevitably get better results. If you use the same rules for every trade we make, then it has at least one reference point from which to work.
If you're losing money you can decide to change some rules to your trading system or change some wrong aspect.
To use a system of rules is to have a scientific approach to trading, and record, just as a scientist, every experiment in order to improve the trading system you are using.
If you apply a trading system XYZ to enter a trade and after a certain number of trades if we see that we are losing money, then you can change the parameters X, Y or Z until you find the method that works best for us.
But, even when we have refined a good trading strategy and we still have to open or closed positions, that's the human element comes into play .. is the ' emotional , the psychological element that affects us.
Herein lies the weakness of the Trading System!
Even if you know you need to enter or exit a trade, you do not do it because at that particular moment an inner voice tells you not to!
The solution is to use autotrading software , as far as possible, when the trading strategy.
Automatic Trading Systems
automated trading systems are the most written about forex topic than any other topic on the web. At the base of automated trading systems is a particular strategy that has been tested by back testing for a long period of time. There is no kind of emotion involved in decision making.
If the trading software calculates a high probability of success, it will open the position without hesitation, automatically, without human intervention.
There have been heated debates about the use of Forex Robots in Trading. Some traders are favorable, others less so. In my personal experience, I can say that it is essential to rely on trading systems, if you have problems opening and closing position even when you know the time is right to open or exit.
Conclusion
In Forex trading, as in life, there are no proper methods, but only systems that best fit your trading style. Some people prefer to rely on automation of software, and others prefer to rely on their own personal trading strategies ..
Another alternative would be to rely on market professionals that provide Forex Signals , through e-mail or SMS. If you dont have time to sit by your computer waiting for signals because you work or have other commitments then there are some good forex signal providers that use automated signals that trade themselves
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