What Is Risk Control and Why Is It So Important?
December 8, 2009 by Forex Trader
Filed under Forex Trading Tips, General
Risk control is often times misunderstood. I have actually seen it written that risk control is “not that important”. Naturally when I read this I almost fell off my chair! Only someone who doesn’t trade Forex would tell us that risk control is not important. In fact, risk control is extremely important because without controlling [...]
What Is a Forex Trading System and Why Do I Need One?
October 1, 2009 by Forex Trader
Filed under Forex Trading System
First off don’t think that a Forex trading system has to be something that only a rocket scientist can understand. Forex trading systems are friends not foes to successful Forex traders.
In general the system is a set of rules designed to carry out a specific purpose. So a Forex trading system can be viewed as a set [...]
What Is a Forex Robot?
October 1, 2009 by Forex Trader
Filed under Featured Forex Articles, Forex Robots
It seems everywhere you look these days someone is advertising this Forex robot or that Forex robot. So quite naturally the question comes to mind what is a Forex robot?
A Forex robot is software created to make trading decisions for you. It is called a robot because it carries out its instructions with “mechanical” precision. [...]