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Just like human moods and emotions, markets can change very quickly, moving from calm to volatile in the blink of an eye. Taking this into consideration, it seems a bit counter-intuitive to suggest that a computer trading program could do a better job analyzing and trading a market than a skilled human mind. After all, computers are anything BUT emotional, so relying on a mechanical trading program to effectively predict the outcome of something that is almost purely emotional, does seem a bit silly. However, computer trading programs do indeed offer some advantages over the human mind, mainly in the realm of trading psychology.

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Mankind is a long way from developing a computer to think like a human, given the reality, computers have a limited role in making decisions in price action trading.

A great article about human mind versus computer robot. Even on demo trade now, I do face emotional fear of loss. Thank you for your great work. Cheers.

These and other catchphrases litter the Internet, promising the perfect trading course leading to success. While these sites may be tempting, beginning day traders should steer clear, because any guarantee in the world of foreign exchange is a scam. (Read more about day trading in Would You Profit As A Day Trader? )

So, what can we learn from computers about managing our emotions when trading the markets? We can learn this we should not react to the market based on what happened in a previous trade. We should only react to the market based on what it is currently doing and whether or not our trading edge is present. We don’t have to use Forex trading robots to trade the markets, but they can definitely teach us some very important things. Mainly that we need to use our ability to interpret emotion and develop “gut” trading instinct to our advantage, and not allow this ability to work against us by giving into the emotion that results from winning or losing trades.

Nial great article is usual. I really think you should write a book. I 8767 m 655% confident that this would be a best seller in no time.
I have one question though. DO you trade options? How would you apply money management and position sizing on options?

CFTC RULE HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

Reputation of the Course
A simple Google search shows roughly 7 million results for "forex trading courses." To narrow the search, focus on the courses that have solid reputations. There are many scams promising giant returns and instant money (more on this later). Don't believe the hype. A solid training program won't promise anything but useful information and proven strategies. (Read Getting Started In Forex for more on defining a strategy.)


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