Silicon Forex Review: A Professional Trader and Software Engineer Develops a Forex Trading Robot
This is the never-ending debate among professional forex traders regarding who has the best trading method. One will say, “this is the way to go”, the next will say, “no, only an idiot would do that, the way I trade is much better”, and finally a third will say, “both of you are fools who have no idea of what they’re doing and they shouldn’t even be considered professionals using a business style like that. After interviewing so many high-end Forex traders, I have come to my own conclusion on this subject, which is, “what does it really matter which strategy you follow, as long as you are consistently profitable in all market conditions.”
The private investor who does not have an ego involved in the discussion is really only concerned with one facet of the matter and that is making money. It’s all about capital gains, accumulating them, putting them in the bank, and spending them happily in the future. There are so many different strategies when it comes to trading the Forex markets that I really don’t believe or maybe I should reaffirm that, I know that there is no single individual who knows all of them, let alone uses all of the strategies.
My personal favorite and the one I trade is Forex Simplified or KISS (keep it simple, stupid). I thought it was more useful and put them into my own individualized system, which is very similar to the simplified Forex program that is taught in so many classes today. Some of these programs teach you such wild extremes of trading that while I found it helpful to know what other people were doing, I quickly decided that wasn’t the approach I was going to take. That’s when I came up with my own individualized approach to trading. After I finally developed something that was producing consistent profits, I realized why professional traders had so much ego about their trading methods and once you get to a state where you know you’re going to make money, you just want to tell the world.
My simplified Forex concept is to use commercially available software products, one being a trend based system and the second being software that sends signals. Once I receive a signal from the system, I check to see if the trend line is moving as expected after receiving the signal. The third Forex indicator I look for is news coverage that checks signal and trend, which I do with a Reuters RSS feed. I found that once all three indicators have been checked and they are all consistent with each other, my winning trade percentage is on the high side of the relationship.
This is my approach to trading, but who really cares? I can tell you with almost 100% certainty, that once you become a money maker trading the Forex markets, your Forex trading strategy will be different from mine and will diverge from the vast majority of other traders. in the market. Just make sure you have a great FX education before starting this wild adventure and you’ll be fine. I mean really, most of these courses are around $100, why would anyone consider trading without at least taking one of them? But then again, it’s just me, so who really cares?
