Written by Jeremy Wagner, Head Trading Instructor, DailyFX ( Download this guide after leaving your name, email, phone number to receive a 45 page document on the DailyFX Traits of Successful Traders.) One of those traits is to utilize less than ten times effective leverage. We have researched this topic and three others to develop Traits of Successful Traders. However, those types of obstacles can be overcome by implementing low amounts of leverage. Therefore, future live returns tend to under-deliver based on the back tested results. Drawdowns in live performance tend to be greater than drawdowns during back tested results. ![]() What occurred in the past doesn’t mean it will continue to happen again into the future as market conditions change. Too often, what gets system traders excited about the strategy is the past performance. One challenge that systems trader’s typically experience is that they can expect too much from the market. You now have the ability to trade them as a system trader would through the mirror trader platform or by running a home network on the strategies. These strategies are completely rules based and have been around for several years. Take for example, trade copying the DailyFX Plus trading signals. So system trading offers easy access to the FX market with a low barrier of entry to get started. ![]() The computer doesn’t need a nap or to sleep at night which makes it a great candidate for following the rules and looking for trading opportunities that fit those rules.Ī huge benefit of system trading is that you can get started with little or no trading experience. ![]() With FX being a 24 hour traded market, system trading has become quite popular.
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