I've been analyzing the Forex market for some time now, and when many writers claim that at least 95% of traders lose their accounts they are not lying. I have googled some honest posts from traders, and they have stated that some automated software they trusted in blew their account! From looking at my own trading post which is just a trading software platform called MetaTrader 4, I am realizing there are trends in the market and that it seems to following in a pattern. If I could ride this trend then there could be a lot of profit that would rise out of it. I have acquired a lot of free information in some loophole sense because I don't really have all the money in the world to acquire it with some convenience fees. I'm starting to not really want to trust in these robots unless they have a long term credibility attached to them. I'm also finding there are a sufficient amount of traders who are willing to share their experiences and to help along others to the road of glory, which is pretty nice of them.
I'm starting to think of these calculations mathematically now. By developing or finding some indicators (fancy tools) to help sort out the good and bad trades, I get an edge with winning more often than losing. It means that I have to do my own homework and that there's no need to engage in sufficiently risky investments like gambling at a casino. There is a useful thing called the stop loss which pretty much closes a trade when it hits an undesired mark. By keeping the stop loss low, it keeps you in the game and then when you hit a trend you will profit. If the majority of the time you make winning trades by hitting trends and avoid big losses, then the math adds up to making a very profitable career! This field is obviously not for everybody, but it can be mathematically done with determination, discipline, and skill. I'm actually liking it because it's cool looking at charts and numbers flying up and down to make money.
Academy of Scrappy Credible Undergraduate Desire
