The story is told of how a group of poor and uneducated Indian children were taken from the streets and turned loose in a large hall full of computers. Within twenty minutes they had them up and running without any instructions from outside. These are the sort of beginners who can find their way into auto forex trading. They are aware of the Internet and all its benefits.
The forex market is big enough to absorb many new entrants. There is ample information on the web and a plethora of sites and products advertised. Unfortunately the risk of losing everything is great and few can afford to take the sort of risks that investment bankers can with money from pension funds.
The size and the accessibility of the market provides great hope for many individuals. The hope is not unreasonable because some very rich people have made their money on this market. Though many more have lost their entire investment, hope springs eternal in the human breast. It is possible to make money in this market and a way must be found to trade profitably in it.
Although statistics tell the tale of many disappointments there is no shortage of information, training and advice on how to trade profitably. With determination and courage success is possible, but the risk of losing everything is ever present.
It may be that information and theories are insufficient to ensure success. In a ball game, theory can fail when it comes to the dynamics of the game. The time that lapses between the when the ball leaves a hand and strikes a bat is so slight that theory cannot be applied. Yet some players are very much more successful than others. That is because they can combine theory and practice to the point where it becomes instinctual.
Manual trading is bedevilled by time. A trend may progress slowly in one direction and then suddenly reverse drastically for some reason which seem inexplicable. Candlestick charting and technical analysis works excellently in hindsight. TV experts expound on why things happened as they did yesterday but are quite unable to predict what will happen tomorrow. That is why they are hacking away on TV shows and not skiing in the Alps.
First the forex market became accessible to ordinary people. Now the tools that are needed to make it work more effectively are becoming available. Certainly, they are not infallible but they are the mark of professionals who have used them effectively in the past. Something like the forex market does not stagnate and forex auto trading will need to update and adapt constantly. Nevertheless automated trading software represents greater hope for success in the future.
The forex market is big enough to absorb many new entrants. There is ample information on the web and a plethora of sites and products advertised. Unfortunately the risk of losing everything is great and few can afford to take the sort of risks that investment bankers can with money from pension funds.
The size and the accessibility of the market provides great hope for many individuals. The hope is not unreasonable because some very rich people have made their money on this market. Though many more have lost their entire investment, hope springs eternal in the human breast. It is possible to make money in this market and a way must be found to trade profitably in it.
Although statistics tell the tale of many disappointments there is no shortage of information, training and advice on how to trade profitably. With determination and courage success is possible, but the risk of losing everything is ever present.
It may be that information and theories are insufficient to ensure success. In a ball game, theory can fail when it comes to the dynamics of the game. The time that lapses between the when the ball leaves a hand and strikes a bat is so slight that theory cannot be applied. Yet some players are very much more successful than others. That is because they can combine theory and practice to the point where it becomes instinctual.
Manual trading is bedevilled by time. A trend may progress slowly in one direction and then suddenly reverse drastically for some reason which seem inexplicable. Candlestick charting and technical analysis works excellently in hindsight. TV experts expound on why things happened as they did yesterday but are quite unable to predict what will happen tomorrow. That is why they are hacking away on TV shows and not skiing in the Alps.
First the forex market became accessible to ordinary people. Now the tools that are needed to make it work more effectively are becoming available. Certainly, they are not infallible but they are the mark of professionals who have used them effectively in the past. Something like the forex market does not stagnate and forex auto trading will need to update and adapt constantly. Nevertheless automated trading software represents greater hope for success in the future.
About the Author:
Rudolf Boquiren performs live testing of top auto forex trading software on his Forex Robot Examiner site.
No comments:
Post a Comment