How Do I Monitor My FOREX Currency Trading?
A foreign exchange software is great in monitoring foreign exchange currency
Most of these FOREX prediction software can help you lessen losses and increase income.
You can monitor your foreign exchange trading online, from anywhere, anytime.
You have full control to monitor status, confirm scenarios, modify some rules in the trade, or close it.
It is further important to stay abreast with most recent daily FOREX market news so you are aware of what is happening at all times.
The rules can consist of instructions with regard to the position of say moving averages, oscillators, or some other technical indicator, or maybe specific price patterns, or a markets proximity to certain key price levels, Etc. Most often several of the above are combines in order to create a full set of rules.
As a simple example, if a 20 period moving average crosses over a 50 period moving average and the stochastic indicator is less than 20, then buy.
Once your list of rules are coded into a full system, you instruct your trading platform to trade the system on an automated basis.The system will from this point on, automatically place all of the buy / sell orders into the markets.
April 29, 2010
Subscribe to:
Posts (Atom)
