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Why I Let a Robot Trade Forex for Me?

Many people not only ask me why I trade Forex, but why in my right mind would I let an automaton risk my money? I say, why not? There are several key advantages to letting a FOREX robot, also known as an “expert adviser”, make all of your trading automatic and profitable. Just like the kid on the bike says, “Look ma no hands!” . . . → Read More: Why I Let a Robot Trade Forex for Me?

Trading System Exit Strategy

Many good trading systems use multiple exit strategies. In normal trading system, you need to know when to exit from a gain, and when to exit from a loss. Generally you want to be cutting your profits short, and letting your profits run. At a minimum, you generally want nearly a 3:1 gain to loss. This means you should take profits at 3 times the percentage amount as you cut your losses short. We will use this system and do the following . . . → Read More: Trading System Exit Strategy