Forex trading system without indicators of health

Enter the characters you see below Sorry, we just need to make sure you’re not a robot. The Authority’ on Price Action Trading. In 2016, Nial won the Million Dollar Trader Competition. This article will discuss the advantages and disadvantages of the human mind and of computer trading programs, and it will conclude with my forex trading system without indicators of health perspective of why I believe the human mind is without a doubt the ultimate Forex trading and analysis tool.

Specifically, they are created by the beliefs that human beings hold and act on about whether the price of a particular security is too high, too low, or just right. 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. So, what can we learn from computers about managing our emotions when trading the markets?

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. Emotional trading mistakes are the main reason why most traders fail to make money consistently in the markets, and the elimination of emotional trading mistakes is the biggest advantage computers have over the human mind in the markets. We can develop our discretionary trading instinct built on the foundation of price action, it’s discretionary price action trading, meaning you don’t take EVERY single price action signal that forms. Instead, you learn to trade these price action setups according to market conditions and from confluent levels in the market. In my opinion, Forex trading success depends upon developing an effective perspective on price movement and market mechanics, combined with the ice-cold discipline of a computer trading program.

They are acting on years of live market experience and a very refined discretionary trading sense that is built upon analyzing price action. Great article, I saw a presentation from the OU about using emotional memory and trading and it was very similar to your article. Going to log off and let them ride but can rest easy knowing I’ve locked in some profit if the markets swing back. Once again you have amazed me with your depth of knowledge and your unique approach to trading. You come at trading from about 180 degrees different direction than other trainers. Well done with your original thought.