Make your own trading bot for forex
This title is really impressive but the trues that you can make your own trading bot with a few knowledge. The first thing that you need is experiencie at the market. The another one is: selfcontrol. You must know have much money could you loss, how much time can you trade each day.
This two questions are not easy to answers so first, make your bot an test it with low inversion. When you have checked everything go to the real market and begin to invest.
How much time can you use to trading?
Everybody have to do things during the day so be realist an calculate how much time you have to work with forex. For example, if you work 8 hours a day you can not make a scalper inversion so look to the long term.
How much money can you lose?
You have to select an amount of money to say "I have to close this inversion". If you do this, you will be safer than others inversors.
Write your own tips to open an operation
If you're a nervous person, that generates adrenaline trading or have a very high ego, then it would be very good that you have written that you will do before opening an operation. People who open operations by "revenge" or for the simple reason of "because I said that this would raise" should be written everything that should be checked before making a single operation, if not eventually acting impulsively and outside its system, which directs you to the losses in an immediate way. Make a journal of trading is another way to further improve in this aspect, soon we will talk about this and I will give you a daily so you can use it in your every day.
These would be the 3 most important aspects to be controlled by one's self, now lack the easiest, known to the market.
This second part just need time and dedication, we recommend that you read our articles of technical analysis, basic and intermediate level, there you will find everything you need to understand the market from a technical point of view. If you want to see all the sorted posts use the rate that you will find at the end of this post.
Take action but don't be impulsive!!!