Trading Robot: I have been trading for over 15 years. When I started in 1994, so I remember, there was a lot of software on the market and, of course, do not talk about currency yet.
But “magic systems” is spreading over the Internet. You were finding different types of gurus who sell their black box that only professionals use, of course, that promises a fortune in a matter of days or even hours …
Today, you can find thousands of “wonderful” systems if “trading system” type into any search engine. You can read numerous articles promoting the success of such expert advisor or robot trading. Speaking of robots, it’s amazing how people believe in auto-negotiation. They think they can go to work in the morning, leaving behind this wonderful capture pips robot in the forex market only. Have you been given the opportunity to obtain the latter trading system used by banks or institutional? Be patient, an intelligent man propose soon a good, perhaps the best.
I use a deliberately ironic tone, because I’m tired of all this disappointment of the people who still believe in Santa Claus. Returns to the earth, my friends, there is no easy way to make money in financial markets. Most traders living of its activities, will not share your work with you.
The good news is that you can learn to trade on your own. Today, you can get very good trading courses on the web, free or not. You have access to valuable resources if you take the time to select websites.
Well, if you want to be successful in business, whatever the market, you have to learn to become an operator. You have to develop your system or trading method, and adopt a positive attitude through a management system Moneyback test (which you are comfortable with and that works).
So, to summarize:
Why is that? We know that employers always repeated cycle after cycle, so we could imagine an easy way to benefit from this repetition. The answer is based on human behavior in the market. Traders are filled with emotions like greed or fear. Although most traders now recognize habitual patterns and know how to follow a trend, most of the time are left overwhelmed by emotions when the market does not react as it should …
Dicretionary approach is to follow a trading system (because there is always some king system) through the human eye. A trader, control your emotions and objectively analyze the market, has the ability to understand the market people represented by all traders. He will be able to understand the excesses and adjust their trade accordingly.
A robot enter into a position as soon as a resistance or support is broken or when 38% of Fibonacci is reached etc. Of course, a trader initially set its parameters of robot according to its strategy, but will not be able to “play “new market conditions for exemple.
The market likes to defeat all automatic systems that tend to set up logical stop losses and benefits. Have you ever seen the wonderful peaks in the forex market, particularly after the press releases … A discretionary approach will never prevent losses. Any trader will suffer losses. It is part of the activity. If you do not want to lose, you should try not to risk investments that offer 2-3% per year. But at least, always going to control what you are doing, knowing exactly what the market is driving and if this is a good time to enter a position or not. You have a set of rules, obviously, explaining the “when and how” enter a position, but you can adjust your strategy based on certain market conditions.
Be careful though. You need to follow the plan that has been implemented in the development of its trading system and money management. It is a very important aspect of trading. But again, there is no automatic entry position. For departures, it’s a little different because you can set a profit target in advance and leave the automatic position. You developp this in your money management rules.
I hope that gave you the desire to become a real operator using a discretionary approach, far from automatic systems that definitely do not work. Trading can be fascinating if you will give you the means to do it right.
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