There are many ways to become consistently profitable in financial trading - but common to about all methods is you need to be in full control of your trading.
This is what the traders should know:
Black box robots
You cannot expect to buy a black box trading robot for 50$ which will make you a fortune - profitable algorithms are not for sale, only the ones not working. The algorithms which are constistantly profitable are typically sold to hedgefunds, for a 20-25% share of profit.
Professional traders have difficulties
Even professional traders have now difficulty beeing profitable, as the markets become every month more difficult to trade.
So whats left to do for a retail trader who want to improve his trading ?
1) Be in control of your trading, is the fundamental requirement to become consistantly profitable, which mean develop your own trading strategies - discretionary or automated.
2) Know your strengths - whether you are best for discretionary trading, or better to use automated trading.
a) Discretionary trading requieres the time to be online - but can be done by using 2 hours a day at a fixed time where you know your strategy works well. Not all are having the temperament and skills to trade discretionary - one must be patient, methodic, and consistant to use this type of trading. If you do not have this profile as a trader, you would use automated trading.
b) Automated Trading, requires a strategy, a strategy need to be developed, in the mainstream trading and development platforms this is done by programming. One should know the learning curve is counted in years. Many use 5-10 years in the learning curve, most of them never become profitable. One must have great respect for the learning curve. Visual development tools have become available, but they have not reached at level where they can be used to develop consistantly performing strategies.
Common to discretionary trading and automated trading, is your chance of becomming profitable highly depends on the trading and development platform you use.
If you have experience within financial trading, and want to improve your trading using a state of the art institutional trading and development environment, feel free to contact us for a free 1-on-1 webinar with a professional trader, either for discretionary trading, or how to develop sophisticated cross market aware automated strategies, non-programming.
www.tickcom.com
[email protected]
This is what the traders should know:
Black box robots
You cannot expect to buy a black box trading robot for 50$ which will make you a fortune - profitable algorithms are not for sale, only the ones not working. The algorithms which are constistantly profitable are typically sold to hedgefunds, for a 20-25% share of profit.
Professional traders have difficulties
Even professional traders have now difficulty beeing profitable, as the markets become every month more difficult to trade.
So whats left to do for a retail trader who want to improve his trading ?
1) Be in control of your trading, is the fundamental requirement to become consistantly profitable, which mean develop your own trading strategies - discretionary or automated.
2) Know your strengths - whether you are best for discretionary trading, or better to use automated trading.
a) Discretionary trading requieres the time to be online - but can be done by using 2 hours a day at a fixed time where you know your strategy works well. Not all are having the temperament and skills to trade discretionary - one must be patient, methodic, and consistant to use this type of trading. If you do not have this profile as a trader, you would use automated trading.
b) Automated Trading, requires a strategy, a strategy need to be developed, in the mainstream trading and development platforms this is done by programming. One should know the learning curve is counted in years. Many use 5-10 years in the learning curve, most of them never become profitable. One must have great respect for the learning curve. Visual development tools have become available, but they have not reached at level where they can be used to develop consistantly performing strategies.
Common to discretionary trading and automated trading, is your chance of becomming profitable highly depends on the trading and development platform you use.
If you have experience within financial trading, and want to improve your trading using a state of the art institutional trading and development environment, feel free to contact us for a free 1-on-1 webinar with a professional trader, either for discretionary trading, or how to develop sophisticated cross market aware automated strategies, non-programming.
www.tickcom.com
[email protected]
Financial Trading Without Programming