|
Statistics
Total online: 1 Guests: 1 Users: 0
|
Trade
Stable earnings on Forex
On the foreign exchange market in the first place I go for money. Making a profit is the goal of the speculator who chose Forex their place of work. In this case we can talk about short-term income and a steady. The first option is often found in those traders who trade on luck and people using "weak" system. "Weak" can be called such strategies, which are based on unstable to changes of a market situation patterns. When working with such strategies, the person will observe the frequent change of the number of successful transactions of a long sequence of losses.Such robust patterns that are not thoroughly tested by speculators, lead to the creation of quality systems. Permanent income is lower.
Stability in Forex is achieved using in their work any pattern that has a long history in the market. The second option, more suitable in the case of discussion of trade, built on fundamental analysis is the finding and using of certain causal relationships. In this case, the person with its experience already have an idea about what events happening in the world, what will affect the market.
The use of experience in Forex trading
Preferably own experience to try to categorize, to quickly navigate the events that happened in a timely manner making appropriate conclusions from them. We should not forget about the statistics that will allow to do conclusions only in those cases when we were faced with similar situations repeatedly. If you jump to conclusions, summarizing in a single market situation, it can be easy to make a mistake, faced with the exception rather than the rule.
Receive a one-time profit does not mean stability in the Forex market. It may be a coincidence, next time will not happen again. Even opening the transaction with your eyes closed, not seeing a market, people can obtain income from it. For a trader in the foreign exchange market it is important to obtain a stable positive result. Only in this case with a certain probability, you can count on the continued successful operation.
In fact, the market is not a large number of traders who could boast of a stable profit by speculation in currencies. To assess the stability of the most commonly used, the conducted trade, as well as the number of transactions, which was for the time committed. Small time period when a large number of transactions may not indicate stability in obtaining positive results.The opposite statement is also true because they have taken within one trading day of the transaction, albeit in very large numbers, so can't provide us with enough statistics to say that the trade is already quite stable.
Therefore, to test themselves and their trading system, speculators attempt to test a strategy for a long period of time, e.g. a year, and eventually to a large number of transactions, measured at least hundreds, or better thousands. Not to test the system for a year on a demo account, speculators create expert advisors that can be tested on the quotes history. This option can be achieved within a few tens of minutes, while receiving the test results for several years. If a trader wants to trade consistently, then he needs a system which in backtesting would show stable Deposit growth. The logic in this case is simple, if the system is profitable so long to work before, there is a high likelihood that it will continue to demonstrate the same.
|
| Category: Forex | Added by: (06.11.2017)
|
| Views: 313
| Rating: 0.0/0 |
|
