|Trading systems||Advantage of trading system|
So, why might you want to adopt a trading system?
• It takes all emotion out of trading - Emotion is often cited as one of the biggest flaws of individual investors. Investors who are unable to cope with losses second guess their decisions and end up losing money. By strictly following a pre-developed system, system traders can forgo the need to make any decisions; once the system is developed and established,
trading is not empirical because it is automated. By cutting down on human inefficiencies, system traders can increase profits.
• It can save a lot of time - Once an effective system is developed and optimized, little to no effort is required by the trader. Computers are often used to automate not only the signal generation, but also the actual
trading, so the trader is freed from spending time on analysis and making trades.
• It’s easy if you let others do it for you - Need all of the work done for you? Some companies sell trading systems that they have developed. Other companies will give you the signals generated by their internal trading systems for a monthly fee. Be careful, though - many of these companies are fraudulent. Take a close look at when the results they boast about were taken. After all, it’s easy to win in the past. Look for
companies that offer a trial, which lets you test out the system in real-time.
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