Forex Day Trading and Mechanical Automation
Posted on Aug 14, 2010 under Forex Day Trade Review | No Comment
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I got an interesting email today asking me about a particular futures trading system. The writer wanted to know if the system was fully mechanical and automated. I should point out that there are automated or "black box" trading systems employed by large hedge funds and other large trading groups, but I have never come across a fully automated trading system suitable for individual traders seeking to day trade the futures markets.
Of course, there are a slew of Forex robots on the market today, and the results from these robots have been mixed, at best. In my opinion, this type of question regarding futures day trading is the result of a spillover effect from the Forex trading cabal. But I think that this request reflects an even deeper question being considered by new traders that are entering the futures markets.
What sort of question do you think I am considering?
It's the old goose that lays the golden egg story. In my opinion, the great attraction of …
Duration : 2 min 39 sec
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