Have you ever involved with Forex Trading, or even on it now? Forex is one of the largest financial market. Money distributed there reached $2 billion each day. Market London is the largest forex central with average volume $ 637 million per day.
Profit received by a trader came from aggregate of currencies traded by the trader. For example: Trader A did purchase action in pair Euro/USD, ten minutes later, Trader B closed his purchase act with 25 point aggregate from the purchase. This 25 points aggregate will become profit for Trader A if it has plus value, or loss if the aggregate is minus.
Digital world development makes you possible to reach profit from stock market and foreign money market. If previously procedure like this was truly depended on broker in Trading companies, now you can run your own business in stock and financial transaction. You can connect online with international money market to do transaction like sell, buy, long or short.
Now, we walked into technique and strategy. Trading strategy should allow you to decide when we’re in and when we’re out of the market according to the rule stated. This rule-based strategy demanded you to monitor most of technical and trend indicators, such as price pattern, political condition, huge event happened in country whose currency is traded, and many more to reach maximum profit.
Here you can forgive all algorithm which is available online, but most of them took so many cost, and you’ll need third party tool to verify the effect (it will take a long time if SOT explained here – the tool meant a kind of AI software which is able to analyze or sterilize.
If you want to jump into Forex market, you can get this Forex Strategy Builder. This is a program which would give you hundreds of technical indicators and analytical tools which made you possible to create, change and assess the strategy effect influence via relevant historical data.
Download Forex Strategy Builder
In installation procedure, setup will ask you to enable statistic sharing for program development. It means, developer will get data from application you’ve installed as research tool. If you feel it will violate your privacy, then you need to enable Do not send anonymous usage statistics option.
This Forex Strategy Builder has rich-features user interface which would help you to create new strategy in XML files for usage and data manipulation. All of them are managed in various fields which displayed graphics and numbers. Market Statistics will show currencies, symbol, time period, and detail renewal, while Chart Indicators describe market trend in qualitative.
It seems like, there are many things we should learn from this strategy. But this is Forex Trading! One of SOT’s friends who’s a Forex practitioner, never leave the television near his computer screen off to observe the possibility of market trend change, so in short time, he would be able to decide buying or selling currencies he had.
You can learn the strategy tendency you applied by putting strategy variables by clicking on logic condition. Fiuuuh… There are so many variables to be inserted to create simulation. Complicated, isn’t it? That’s Forex Trading. You need long time and strong will to learn about it.
After inserting various variables logics, you can test it by using analysis feature. To understand all variables here, you can study it via various Forex sites or Forex ebooks which are distributed for free in Internet.
SOT suggested, if you don’t have strong comprehension about this forex trading, it would be better to search for a mentor first. Because trial and error done in Forex market will dry your capital. Happy trading!