The Human Element of Trading Binaries
Verses Mechanical Trading?
Lets start here by being perfectly honest, there is NO SUCH THING as a machine that will do all your trading for you? At some point you will have to intervene like letting it know how much you can afford to loose, and loose you will.
Can you imagine someone creating a machine that will guarantee you a win 100% of the time? It's just not possible and if it was we would all be incredibly rich and I would have to find another avenue for blogging.
There are a lot of bot's on the internet you don't have to look far to find one. I am sure that some can make you money?
However a good friend of mine pointed me to this analogy it's called "The Clock on the wall Trading"
This is how it goes:-
Everyday you sit down at you computer at the same time each day. You choose a pair to trade on, lets say the GBP/USD for arguments sake.
Now here is the clever part. At 3.00 everyday you place a sell trade on the pair.
Don't deviate. Everyday you do the same At 03.00 GBP/USD sell.
Guess what some days you win. You are not looking at the news or using indicators you are doing nothing technical?
Just placing the same trade at the same time of day and you win, but of course some days you loose.
The odd's are 50/50 but you do win.
Now lets look at the bot's? Most will look at the trend and then within so many pips get you to place the trade, they doing nothing more than that?
Really it is nothing more than taking a look at the clock on the wall. The odds are about the same.
Following a trend (remembering that the trend is your friend) is a good indicator of where the trade is going over an hour or in the course of a day or week. However let me show you something.
Following a trend (remembering that the trend is your friend) is a good indicator of where the trade is going over an hour or in the course of a day or week. However let me show you something.
ONE DAY TREND
ONE HOUR TREND
15 MINUTE TREND
These are pictures of the same pair without support and resistance. Compare the movement trend from each? You get a pretty good idea of the trend in the daily? Whereas the hourly is also on a trend but not so pronounced and the 15 Minutes overall is 50/50.
Now this is where the human element comes in, remember the markets are run by humans with all our faults and emotions we are not robot's. So when it comes to news the market makers interpret it on how they think it is going to go at that time.
A bot does not have this human element and relies on previous facts before that time. It does not speculate and cannot take into account the sudden market swings because a well know person tweets something or there is some other type of news release.
This is where the Dex family comes in. We realize that not everyone has the aptitude for trading? So we give you for free a training system that is easy to understand which brakes down the hype and myths of trading. It let's you find your own level of trader and whether trading is for you or not.
My advice for you is clear, stay away from bot's, trading is a human emotion there is more to it than pushing a button and hoping you will win your money back.
We have 3 free live webinars a week, to help and of course we are here to answer any questions you may have.
So if you are looking for a signal company, an indicator company, a binary training company that prides itself on customer care then look no further than Dex signals.
Visit anyone of our sites and get the real deal, by the way you can train on their system for free, not many other companies will train you for free.
Check us out today and see if you have the mind to be a trader from home.
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