This is not too far when veteran traders got used to draw trend lines using a penciland paper. While the market data is sent through the post to them and there is no trading desk and computer. Are they really wrong with not using the charting platform super analysis? Whether they are all losers? I'm sure they are not just doing great but compared to my fellow traders (including me) they are really sophisticated traders. I won't spoil the people as we have legends and hundreds of good traders who actually make money around the world every day. I only finger pointing to those traders who thought that the account was canceled because they really don't have the best strategy for trading safely and at the same time a 1 million dollar is fair enoughone-year outlook for 10000 dollar trading account.
Where a trade strategy that was introduced as a reliable way to generate money for merchants, there will be a few questions to ask, aims to evaluate the accuracy of a particular strategy:
Is it a trend or market strategy based on various?
If it works as a trend-based strategy, what strategy can offer to avoid a variety of markets and vice versa for various markets based on strategy?
Whether day trading strategies or planned for longer term trading signals signal?
If the trade Intraday strategies how many hours and when exactly should I sit and watch the screen?
If long-term strategies, whether withdrawal may be estimated in pips?
Is there a historical performance trading using a particular strategy in a real accountand if the answer is "Yes", for how long? (do not rely on less than one year)
No money risk management rules & inherent mainly tested on this particular strategy?
What is the average risk/highest/lowest trade ratio award last year past?
Is there anyone who used the strategy in a real account? (Aware of the marketing tactics and ask someone who is honest)
What are the results of the above mentioned trade, friends is a positive thing, ok not to believe he is not because he is a liar marketers but because no one can adjust the general strategy with characteristics that are the same for everyone. In this case you need to test itself.
Ask the developer about the psychological pressure may come to you when using that strategy in a real account (we recommend to ask Your mentor to analyze strategies)
Are there any rules out and Stop Loss for different market situations?
Ask the developer if you could get back to him several times asking questions about some of the points that you really don't understand. (don't make it 100 times a week because he would not sell any of your strategies)
However, I know a few people who experienced real damage and disillusionment which they try to believe the strategy from day one. So I'm very serious, don't ever try to implement a new strategy on Your real account unless you meet an expert and he gave the green light or you just passed the one-year continuous testing.
Final words:
You may ask for how long? One year ... that's too much ... I can't wait ...!! If so you can try it, but count as gambling ... You know gamble ... Jack pot too much, no hot shots.
Let science make you rich step by step, don't ever think you're smarter than every other traders because no one knows what will happen next. So it's better to be on the side of people who wins the wise trader because of their discipline and had spent a long time practice before doing something real on their money. Try to admit it if you're not quite sure about your abilities and try to solve problems with patience and remember it's not worth it if You make a million dollars in three or even five years later than lose what you get from hard work within just a few days.
Source:
S. A. Ghafari
