Excellent question, good computer programming skills (C++, Python, etc...) give the trader a tremendous edge : he can test any trading system first without risking any money.
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fx strategies for someone with a full-time job
- Thread starter fm_88
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Excellent question, good computer programming skills (C++, Python, etc...) give the trader a tremendous edge : he can test any trading system first without risking any money.
Is it a good idea to start automated trading if you are still new in Forex trading?
I wouldn't think so, lol.
Not new to trading setups by hand. They sometimes include currency futures
AUD, EUR, GBP, JPY from time to time. Never forex.
As to your question, for a new trader who follows a sensible path to automated
trading, it would seem to be imprudent and neglegent to walk away from a strat
running headlong with real cashola and expect to be happy with that in the long run, lol.
A track record is a good, no, the only place to start regardless of whether trading
setups by hand, autotrading a strategy of some sort, or hiring somebody to
trade your money for you imho.
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compare with other financial products like index futures, fx tends to move just a little.
and it tends to move during the European session.
So those staying in Asia and the US should be able to trade fx part-time.
How about those staying in Europe?
Good news!
You can trade other things like index futures part-time.
Whether you trade full time or part-time, the strategies are the same;
buy low sell high / sell high buy low.
and it tends to move during the European session.
So those staying in Asia and the US should be able to trade fx part-time.
How about those staying in Europe?
Good news!
You can trade other things like index futures part-time.
Whether you trade full time or part-time, the strategies are the same;
buy low sell high / sell high buy low.
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No, I was not a programmer. My education is in finance and economics. But I had programmed for a while as a hobby.
I probably spent a year or so trading with play money and another year or two with extremely small positions before I started to scale up and make decent money.
Just to clearify, it is not about one great idea that is a sure moneymaker that I just had to code. I started with a extremely simple moving average that lost money and expanded gradually during hundreds of iterations with play money. Then I started carefully with real money
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