The trading result directly depends on the methods of trading. If the exchange speculator does not have a tool for analysis that allows him to predict the future value of the asset, then there will be no positive financial result. I consider it a senseless waste of money to start trading in real funds without tool of analysis. This is a key mistake of the novices in the market, because almost everyone comes here for quick money and concludes chaotic transactions that only contribute to a fund loss. Therefore, to make the trading process profitable and able to demonstrate a positive result, each fix api trader must trade according to the trading system.
Everyone can find a ready-made description of trading systems on the Internet and start his acquaintance with the market with them. I advise you to initially try virtual means that you can get in the fix api MT4 trading terminal, and supplement the ready methods with his analysis forming an individual trading approach, because each trader is unique and not every trading system is suitable for all. Only after the first positive test results of this method, you can think about opening a trading account in the fix api forex broker.
There is also an alternative scenario – to use automatic trading programs in the form of robots (http://forexrobotshub.com/2018/01/30/a/ ), which will make transactions without the trader’s direct participation. With this approach, you cannot think about creating a trading strategy and spend time studying market patterns, because it will all be included in the robot, and the beginning speculator will turn into a full-fledged investor. Thus, a passive percentage of profit from trading in the fix api forex market is formed.
Undoubtedly, before you connect the program to a trading account, you need to test it on historical data, as well as pay attention to the statistical indicators. Only if the program already demonstrates profits on the existing trading accounts and its indicators do not cause increased risks, you can trust your capital to it. In other cases, I do not advise it.
If you have chosen a working algorithm, the trade with the help of automatic systems has a number of advantages:
- It allows you to save time on finding investment opportunities;
- It conducts permanent trade in the foreign exchange market (around the clock five days a week), which allows you not to miss the advantageous entry points;
- It controls risks, because the program sets a maximum loss parameter and risk and money management parameters are not violated;
- It controls the emotional background, as the robot works based on a specified algorithm and short-term losses will not affect its analysis of the transaction and financial assets;
- It allows formation of a highly profitable source of passive profit.
This is not a complete list of automatic programs and depends on each particular robot. However, this is the main basis, on which the manual trading of the novice speculators does not work, and the use of robots solves this problem. Moreover, the use of automatic algorithms can go in combination with manual trading and become a means to withhold the trading account from losses.
If you have your own system and conduct profitable trading, I still advise you to diversify it using an automatic approach. In this scenario, it is best to use another account in order that the logic of the trading robot in the fix api forex market is different from your system. This can be a completely different strategy or a more speculative algorithm, for example scalping or arbitration (http://forexzzz.com/product/forex-zzz-lock-arbitrage/ ). Therefore, automatic trading is suitable for both beginners and professional players on the financial market.