Automating Trade Management with Trade Plans By Nirvanasystems
Archive : Nirvanasystems – Automating Trade Management with Trade Plans
Trade Plans provide you with the ability to take the emotion out of trade management in any market and any timeframe. By automatically placing your exit orders at predetermined chart locations, you can manage your trades based on an initial reward/risk objective.
In this course, we will show you how to automate trade management using Trade Plans with simple exits to advanced techniques that includes scaling into and out of trades. Every trader should take a systematic approach to trade management, and Automating Trade Management shows you exactly how to do it!
What is forex trading?
Forex, or foreign exchange, can be explained as a network of buyers and sellers, who transfer currency between each other at an agreed price. It is the means by which individuals, companies and central banks convert one currency into another – if you have ever travelled abroad, then it is likely you have made a forex transaction.
While a lot of foreign exchange is done for practical purposes, the vast majority of currency conversion is undertaken with the aim of earning a profit. The amount of currency converted every day can make price movements of some currencies extremely volatile. It is this volatility that can make forex so attractive to traders: bringing about a greater chance of high profits, while also increasing the risk.
Automating Trade Management with Trade Plans By Nirvanasystems
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