It's time to STOP living from paycheck to paycheck. S tart GENERATING some SERIOUS INCOME.
From the desk of: Alexander Smith.
Almost 13 years I work in Forex and Stock Market. The first years were given to labor and huge losses, left in the market for more than 20 thousand dollars, then I was not interesting at statistics, but I felt all the impacts of my money situation. By all sorts of trial and errors I came to the opinion that -
Based on this thoughts, I started earning. And what do you think my experience has shown? Trade should be automated , it is clear that not everyone can take advantage of direct servers and arbitration, but also the mathematical formulas can be used here, and that was really good for me.
Technical analysis is useless for the most cases, trading system is useful if it is properly using, the value has only money management. No matter what system MM choose, it just has to be. It psychologically comfortable to me to control "antimartinghale" risks, but I tried different options with the constant risk and increasing.
I made the next experiments by entrance the market:
opened the market - to buy on the breakdown of local maximum or average (MA); opened against the market - to buy after a long downward movement; used the figures of technical analysis - the flags, channels, etc.; used different trading systems; used the current news; used the opinion of professionals, which were published in the press and on the Internet;
The result was the same. At first I kept statistics indicators such as income, profitability, share of profitable trades. Then I gave up it, because the data have changed dramatically and unpredictably. I could not understand what gives the result. And in the end settled on a "mixture" of MM and mathematics.
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