Is no loss in trading possible or is it just the myth, the philosopher’s stone’s Forex equivalent? The folks at No Loss Robot say they have found the system that performs at zero loss.
It’s been drawn to my attention, however, that it’s only a marketing trick achieved my leave floating loss. It’s not uncommon for companies to manipulate the statistics to their advantage, and this is the case.
On the other hand, the robot does work, even if it does make losses from time to time – it’s just normal. If you can see past the shade of advertising, it may be worth a try.
Tags: expert advisor, forex trading, myth, no loss, robot
A new expert advisor from the experienced automated Forex software makers is out. Forex Enforcer is a pretty decent system with low risk and reasonably good profit potential. It’s not every day that robots of this level are released, so this one is a sin not to try out, if you’re serious about auto Forex trading.
Just remember that as good as software is, you have to be careful about your portfolio. The money management is still up to you, regardless of the capabilities or features of the system.
Tags: expert advisor, forex trading, investing, money, robot, software
This tip is probably the most valuable tip I can give. It’s all about psychology. You may think it’s not important, you may say give me a secret indicator that indicates trades with 100% certainty, but psychology place the major part in success of a trader.
Far too often traders let their emotions stand in the way. Risky trades, lust for fast profit, fear of losing it all, everything affects how successfully you trade. Traders aren’t robots and it’s our strength as well as a weakness. One one hand we can make intelligent decisions adapting to even the fastest changes in market, on the other hand our emotion is the greatest obstacle.
There’s only one solutions to this problem and it’s to develop a system. Create a strategy and follow it religiously. Only tweak it after you have the results not live trades. It may seem counterintuitive to leave a losing trade, but if your system requires to do so, do it. Then adjust. Granted you shouldn’t lose an account over that, but a good system wouldn’t allow that.
In any case, you have to cope with your emotions and become a robot when it comes to decision making.
Tags: emotions, forex trading, human, psychology, robot, strategy, system, tips