There are those seeking trading robots or magical mechanical trading systems. The reality is there is no magical mechanical trading system and the vast majority of the trading robots for forex that are being offered over the internet are a one way ticket to lose money.
The reality is that trading is very tough. Probably [...]
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My name in Andrew Abraham. I have been investing in commodities and managed futures since 1994. I adhere to the philosophy of trend following.
Trend following stresses a disciplined approach to commodity/ futures trading. Successful trend following and commodity futures investing requires patience, discipline and actively managing the risk. What sets me apart from other traders is that I am not only concerned about the return on investment but how much risk I will have to tolerate to achieve my goals.
If you are interested investing with Andrew Abraham via my managed accounts please come to Abrahamcta.com.
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Transtrend one of the larger commodity trading advisers issued a whitepaper on evaluating trend following systems. Sign up [...] It never stops to amaze me that people will go to Youtube and see ads that you can make money per day ( Every day?). I see things like 99% accuracy, proven, invincible and crazy gains. If you want retirement in a box this is the sure place to lose money. There are various reasons for utilizing mechanical trend following systems. However too many investors think these mechanical trend following systems are retirement in a box. The best mechanical trend following systems are those that are robust and trade all the markets exactly the same. They use simple ideas heavy in risk management & money management. [...] If you look in any commodity or forex publication you will see advertisements for mechanical trading systems. This is an area in which commodity traders as well as forex traders seek to find their holy grail. Well in reality this will not happen with any mechanical trading system on the market. However mechanical trading systems [...] Trading mistakes are common in commodity and forex trading. I became involved with my partners in order to learn from the mistakes of other commodity traders (and plenty of my own mistakes). In my opinion after being involved in commodity trading and trend following the basis of trading mistakes all boil down to three issues. Ed Seykota has said that we all get out of the markets what we want. What does he mean by this? Some people want excitement but hopefully you want to succeed and compound your money. This is what I want to continue to do. As I have repeatedly stated… commodity trading is the easiest yet the hardest thing one can ever do. Too many aspiring commodity traders or forex traders search for the holy grail. They search for indicators…mechanical trading systems or basically the answers. |
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