Discretionary Trading Vs. Robots

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I am working since more than 15 years.
When I first started in 1994, I recall, there were not many software markets, and of course we are not even talking about the Forex.
However, the “magic systems” has been spreading through the Internet. They are looking for a variety of gurus sell the black box, use only the professionals, of course, promising you a fortune in a few days or even hours …
One by one they disappear, leaving the gurus from place to place.
Today there are thousands of “wonderful” if the customer is a “trading system” in any search engine. You can read several articles to promote the success of these trading robots or Expert Advisors.
Speaking of robots, it is amazing how people believe in automated trading. They think they can go to work every morning and leave them attached to this wonderful robot points in the Forex market alone. Have you heard about the opportunity to get used to this ultimate trading only through banks or institutional investors? Only patience will soon propose a smart guy, a good, perhaps the best.
I use an ironic tone on purpose, because I’m tired of to’m see all of these frustrations of people who still believe in Santa Claus. Come back to the ground, my friend, is no easy way to make money in financial markets. Most of the dealers live in their activities, are not you at work.
The good news is, you can learn to work for yourself. Today you can download a very good trade courses for the Web or not. You have a valuable resource if you have the time to choose the sites.
Well, what we should do all of these training and consulting, you might ask?
Well, if you want to be commercially successful, the market, you need to learn how to be a merchant. You need to develop a system or trading approach, and gives a good posture through the back tested money management (which is nice to you and what works).
Just as a summary:
• Learn to trade in books or online resources (technical analysis, etc.)
• You can develop your own trading system that was simple and effective
• Use a money management system, which is a necessary condition of your trading system is profitable
• learn to behave properly, while the trade (you control the emotions …)
If I use the word “system”, I’m referring to automated trading systems and robots. In addition, I can not put up with automated systems, it is proved that there is no systematic trading long-term work.
Why is that? We know that the pattern is repeated every cycle after cycle, so we have a simple way to imagine this could be useful to repeat myself. The answer is human behavior in the market. The movements are emotions such as greed or fear. While most traders now see the usual patterns and is able to follow one set of trends, most of the time they can be overwhelmed feelings, when the market is not reacting as it should …
This leads to the question: Why is not discretionary trading?
Dicretionary approach is a commercial system (because you always need a couple of king-system), the human eye. A trader who has control over his feelings, and market analysis, and objectivity, which is the ability to understand the market among all the dealers represent. He is able to understand the excesses and adjust the trade accordingly.
The robot will drive the support or resistance is broken or if the 38% Fibonacci retracement level was reached, etc. Of course, the dealer should first adjust the parameters of the robot’s strategy, but it can not “play” to new market conditions, for example.
The market can all automated systems, which tend to be a logical Stop Loss and profit targets set for defeat. Have you ever had a wonderful spikes in forex markets, particularly in press releases …
Discretionary approach will never prevent you from losses. Every business suffers losses.It is part of the action. If you do not want to lose, you should try, not low-risk investments by 2-3% per year.
But at least you can always control what you do, knowing what the market leaders, and if this is a good time to give up one position or not.
You obviously have a set of rules that explain the “When & how to” Enter drive, but you can change the strategy according to specific market conditions.
But be careful. You need to stick to the plan to be implemented in developing your own trading and money management. It is a very important part of trading. But again, there is no automatic access to the station. Outputs, it is a bit different because you can set the profit target in advance and leave the drive automatically. You can developpi this aspect of money management rules.
I hope I gave you the desire to be a real trader is a discretionary approach, far from automatic systems, which certainly does not work. Trade can be fascinating if you look at ways to give it to make it right.

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