How to make a living with profitable automated forex trading systems that work…
1. Assessing profitable automated forex trading systems that work.
So, having decided to trade FOREX, and having discovered several automated FOREX tradin systems, how do you assess how good these forex trading systems are? Do they really work and make money for your as a forex trader?
Measuring the return of a profitable automated forex trading system is not just about forex profits. It is about how this forex trading profit is delivered.
Why is this important for you as a forex trader in order to develop an automated forex trading system that works?
Firstly, Forex Trading Psychology. It is about being confident as a forex trader, that even if your automated forex trading system loses, over time you are going to make money from trading forex.
Secondly, and even more important for you as a forex trader, it is also about just how much time is it going to take for you to make money from trading forex versus the amount risked on each Trade, and the quantity and frequency of your Forex Trading.
So how do you determine which automated forex trading system is better?
To compare different, disparate forex trading systems, you need a standard methodology for measuring the likelihood of the success of your forex trading system.