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A PERSONAL NOTE: MY ULTIMATE REALIZATION ABOUT TRADING – We should definitely use robots to do the hard work for us.
Well! Having gone through various stages of enlightenment on the road to learning how to become a profitable trader, I would like to share this summary based on my own particular experience, the most important aspects upon which I believe any prospective trader should focus their attention, given the current state of trading; methods and systems.
As daunting as currency-charts may first appear, for the most part, the currency market is algorithmic in nature, which means to trade successfully, we simply need to adopt a logical approach and strategy. We must place trades in line with strict rules of risk and money management, and then our anxieties of buying and selling are greatly diminished, especially once we're confident we have a viable logical ‘trading system’.
For me, I believe we should develop a trading strategy based on volume, and price-action, and without delving into the finer details of time-frame relationships, multiple time-frame analysis proves to be a very reliable guide as to ‘what is’ the future direction of the market, and ‘what are’ the best times to trade. If we combine this with the use of moving average convergence points, we can develop a system to ensure effective, profitable trading.
When trading we expect volatility, and must accommodate this when placing our trades by allowing the market enough room to breathe. Of course we also only wish to risk a small percentage of our trading account (3% max recommended) and a ‘stop loss’ is always advisable, but we must ensure this is far enough from the ‘price’ that our trade won’t be compromised before it’s had a chance to become profitable. (Unless we’re using ‘Hedging’)
Before experimenting with robots, I was a manual trader, and it is clear to me now that however proficient we may become at manual trading, we cannot monitor as many markets at any one time, or place trades as accurately or as quickly as a finely tuned trading robot. Besides, I think it’s fair to say that today we are not trading against people anymore but computers, so it makes sense to me to ‘fight fire with fire’ so to speak! This is where technology certainly comes to our rescue in the current age of modern trading.
Once we have a sufficient understanding of the so-called 'ins and outs' of trading the markets, we can begin configuring a trading robot, and if our trading-account size can support it, we can trade anything up to 30 instruments simultaneously when using a VPS for example.
This makes it possible for us to trade, and get-on with other activities we couldn't otherwise pursue, which of course is a fantastic way to be able to live.
It seems weird though, after months of research, study, and hard work learning how to trade, we finish-up relying on a robot!!
Well! Having gone through various stages of enlightenment on the road to learning how to become a profitable trader, I would like to share this summary based on my own particular experience, the most important aspects upon which I believe any prospective trader should focus their attention, given the current state of trading; methods and systems.
As daunting as currency-charts may first appear, for the most part, the currency market is algorithmic in nature, which means to trade successfully, we simply need to adopt a logical approach and strategy. We must place trades in line with strict rules of risk and money management, and then our anxieties of buying and selling are greatly diminished, especially once we're confident we have a viable logical ‘trading system’.
For me, I believe we should develop a trading strategy based on volume, and price-action, and without delving into the finer details of time-frame relationships, multiple time-frame analysis proves to be a very reliable guide as to ‘what is’ the future direction of the market, and ‘what are’ the best times to trade. If we combine this with the use of moving average convergence points, we can develop a system to ensure effective, profitable trading.
When trading we expect volatility, and must accommodate this when placing our trades by allowing the market enough room to breathe. Of course we also only wish to risk a small percentage of our trading account (3% max recommended) and a ‘stop loss’ is always advisable, but we must ensure this is far enough from the ‘price’ that our trade won’t be compromised before it’s had a chance to become profitable. (Unless we’re using ‘Hedging’)
Before experimenting with robots, I was a manual trader, and it is clear to me now that however proficient we may become at manual trading, we cannot monitor as many markets at any one time, or place trades as accurately or as quickly as a finely tuned trading robot. Besides, I think it’s fair to say that today we are not trading against people anymore but computers, so it makes sense to me to ‘fight fire with fire’ so to speak! This is where technology certainly comes to our rescue in the current age of modern trading.
Once we have a sufficient understanding of the so-called 'ins and outs' of trading the markets, we can begin configuring a trading robot, and if our trading-account size can support it, we can trade anything up to 30 instruments simultaneously when using a VPS for example.
This makes it possible for us to trade, and get-on with other activities we couldn't otherwise pursue, which of course is a fantastic way to be able to live.
It seems weird though, after months of research, study, and hard work learning how to trade, we finish-up relying on a robot!!
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ProTec1515 Crawford
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· 2
amirabdgod
2018.12.24
hello...i like your opinion..i worked with several robots but they finally make the balance 000!.what robot do you propose??