Supporting level in a trend or self deceiving

Algorithmic currency trading. Supporting level in a trend or self deceiving? Actions, positions, design, articles and further analysis.

Currency trading involves a great deal of spending time in front of a computer screen, trying to recognize a trend or identify the point of change in a trend direction.
The sad truth is that this is a good practice only for part of the time you will ever trade. About a month before you will lose all your money, you will discover that the market and trends do not realy have supporting levels that one can realy predict.

Like the weather, the market specials in random movements that occur randomly (by nature) and are totally unpredicted. Floods and dry seasons, as well as bullish and bearish trends, appear without warning. The only good practice ever is to be prepared to a situation as if it is going to happen the next hour.

Beware of anyone that use a phrases like: primary supporting level, next supporting level, price target... etc. They and their followers will perish in the next trending flood and the wise will inherit their fortune.

17 Sep 2013

Further reading

Algorithmic currency trading. Based on an original Trading Algorithm. Implements many trading aspects, as well as portfolio management, investment strategies and tactics. Manage a trading account with the software is available for new investors. For further details please continue to Automatic account management services .
Please notice: Trading foreign exchange should be carefully planed. Any trading on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. Please be aware that a possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should never invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Useful links:
ALGORITHMIC CURRENCY TRADING   Automatic account management services for currency trade   Silver Lines trading algorithm hosting services

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