By: Steve J Cowan
When you are looking to find a system of trading forex markets, it does not matter how many books you read, how many magazines you invest in or how many websites you browse, trying to find something 'different".
There are basically only two types of Forex trading systems, those that we might call mechanical and those that are human driven or discretionary.
In this article, we shall try to investigate which type of system is better, or, if indeed, either one can be shown to better than the other.
In general, the trading signals that are generated by mechanical systems are usually drawn from normal technical analysis techniques that are applied in an entirely rigid, automated manner.
Human beings, on the other hand, rely on experience, intuition and subjective insights to drive their trading activities.
So, is there any objective test that will tell us that one or the other method of trading works best when applied in the real world?
Well, both trading systems have both advantages and disadvantages.
We might summarize these as follows:
[Read full article]
There are basically only two types of Forex trading systems, those that we might call mechanical and those that are human driven or discretionary.
In this article, we shall try to investigate which type of system is better, or, if indeed, either one can be shown to better than the other.
In general, the trading signals that are generated by mechanical systems are usually drawn from normal technical analysis techniques that are applied in an entirely rigid, automated manner.
Human beings, on the other hand, rely on experience, intuition and subjective insights to drive their trading activities.
So, is there any objective test that will tell us that one or the other method of trading works best when applied in the real world?
Well, both trading systems have both advantages and disadvantages.
We might summarize these as follows:
[Read full article]
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