Trade Forex on a Full-Time Basis with Trading Algorithm.

Trade Forex on a Full-Time Basis with Trading Algorithm. Trading Algorithm actions, positions, design, articles and further analysis.

The currency market trading is exciting for ambitious individuals, who would like to test their skills in a truly competitive environment with potentially very significant rewards. It is not simple to become proficient in forex, you need to commit a significant amount of time,inorder to achieve results that are favorable to any degree.

In the wake of excitement you can become a part-time forex trader on both a long term and a short term basis, but with different options available, and differing approaches being necessary.
A part-time short term trader that follow technical approach, discipline and money management methods, not caring about the time of entry to a position, but from the minute of getting into a position, it strongly advised to follow market movements in a non-stop way.

Analysing periods of high volatility is not an option for a person that has to devide his time between Trading, sleeping, eating, driving to work or even just watch a tv show.
Even ample amount of time available to be devoted to the absorbtion of the steady stream of news flooding the market is not enough for a human being. There will be a point where you will just have to walk away from the computer in order to complete another task.

The conclusion is, that a human can never be a Full-Time Forex Trader as the market operated Sunday to Friday, day and night..

As a part time trader, a person would probably thrive when the market is calmer, trading is subdued, and technical factors dominate the market. But suppose you have opened a trade position, but nothing significant happens after an hour, or even twelve hours. Are you going to spend all this time infront of the computer just waiting for the right price to sell?
Plasing a waiting sell order will not realy help you, suppose the price will decline significantly, and you will be able to buy some more, and then sell with a profit, when the average buying price is in your favor. This can occur three days after you opened the position, will take place for only two minutes, at the moment you took a five minute break. The open window for this oportunity will close down and you might witness further decline in your holdings value.

The best solution for that, well known scenario, is the implementation of a Trading Algorithm that can handle a situation similar to that. Staying alert minute buy minute, day buy day, until the right opportunity arise. And take it without any hesitation, fear or greed.

10-Apr-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

Video examples

Watch video examples of short term trading. All recorded at real time for your convenience.

Charts list

A list of charts that demonstrates the Trading Algorithm buying and selling points. Please select your choice of currency pairs:

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