My miniature schnauzer is barking up a storm at a lizard just outside the patio door. I just know she would do anything to figure out how to open the door and rocket out to chase the poor creature back up a tree. To make it easier, I've placed a desk bell on the floor near the door so Ginger can ring it when she wants out to chase the critters. Sort of pet automation.
Trading Forex would be totally cool if you never had to sleep. The reason is the markets are always open around the world. Your positions are always doing something. It would be great to teach Ginger to watch the monitor and bark at a nice change. I would then run over to the computer and place my order.
But until that day, there are some great breakthroughs in robot, or adaptive software that can actually feel out good picks and keep an eye on the markets for you. Naturally there is work to set up these programs, but once you have your parameters in place, you'd be surprised how well the system works - and how you can actually profit from it. If you're a diehard Forex trader, reluctant to check out these things, my advice is to open a demo account at another brokerage and play around with the system so you can see all the bells and whistles.
As you may know, you can lose your shirt and other clothing if you doze off while trading Forex. This is an art as everyone knows. And even the best Forex review sites challenge us to use extreme caution when entering any market, especially with a software program. Once such program I tried was the Forex Killer. Scary name, for sure - but I was interested to see what it could do. There has been some controversy with their website because the owner, Andreas Kerchberger, has an actor play himself. In reality, Mr. Kerchberger is a German who formerly worked with Deutsch Bank and traded at home.
Through some programming, Forex Killer will analyze the percentage in pip change and then gives you what it believes is an ideal buy or sell time. When I tested it, given my knowledge of Forex, it always seemed to trade earlier than I would, and no stops - which is what I do - but getting out was left longer than I was comfortable with. Granted, this thing has none of the emotions and passions I walk into the room with. And that's probably why, slowly but surely, it picks and creates little pockets of profit along the way. So there you go.
Will I always use Forex Killer? I will probably keep it running on one of my accounts and see what happens. You have to watch it and use some common sense. But I think it would make a nice addition to your trading tools and certainly affordable. With the way tech is going, it's too risky to just brush off such programs as mere scams. You have to try them out for yourself. And now I hear Ginger ringing the bell again. I think I'm going to do a web search for a scarecrow for lizards.
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