The Most Powerful Forex Trading Indicator by Adam Khoo ...

Trading is easy, they say

As someone new to Forex trading, I'm spending most of my available free time reading books and watching videos all about trading (Risk management, fundamental/technical Analysis, trading psychology). What I repeatedly read and hear is that trading is easy and consistantly profitable trading is 60% psychology, 30% risk management and 10% strategy. The latter is from Adam Khoo.
If strategy really plays such a small role, why is it so difficult to create a profitable algo bot? Bots don't care about psychology and risk management is simple to program. They are 100% consistant. So I can't see how this is true. You could argue that humans take some factors into account which cannot be automated. But what are these? Most strategies I find use technical indicators and candlestick patterns - very simple for a bot to automate.
"It's all about risk management". Risk management and psychology doesn't matter if new traders haven't found an edge yet, which is probably the most difficult thing to figure out. Without knowing the edge, risk management can't help you.
So my question is, if finding a strategy is only a small part of becoming a profitable trader, why is it so difficult to create profitable algo bots?
submitted by synetic707 to Forex [link] [comments]

High probability forex trading - with Adam Khoo - YouTube Forex trading for beginners by Adam Khoo - YouTube Adam Khoo - YouTube

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High probability forex trading - with Adam Khoo - YouTube

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Take your trading to the next level. Learn how to achieve consistent profits by creating a trading system with a positive statistical expectancy. Trader Fest... In this video, you are going see how I trade the forex markets live. Learn how professional forex traders trade by buying the strongest currencies and sellin... In this video, you are going to learn how professional forex trade by buying the strongest currencies and selling the weakness currencies in order to generat... News Live Fashion Spotlight 360° Video Browse channels Sign in to like videos, comment, and subscribe. ... Professional Forex Trading Course Lesson 1 By Adam Khoo by Adam Khoo. 58:55 . Master ... Stock investment insights and stock trading strategies by Adam Khoo shows you profitable trading and investment opportunities in today's stock markets. Adam ...

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