As a scientist I have to say that I have always approached automated trading in a very careful and analytical way. I have always believed in the construction of knowledge around every topic I want to study and of course, trading was not an exception. Today I want to share with you my ideas about how trading should be approached and what I believe the worst problem of the field of automated trading currently is : ignorance. During the next few paragraphs I will talk about the way in which people traditionally approach this field and why this path will only lead people to frustration, failure and ultimately quitting their goals to achieve long term profitability.
Do you remember the time when you first started trading ? When you first searched a forum ? What was on your mind when you started this journey in automated trading ? The truth is that most people who decide to research forex expert advisors and learn more about the topic are motivated by what I consider the "electricity mentality". Maybe you have heard many times that you dont need to understand how something works to use it - in other words - you dont need to understand electricity to turn on a light bulb. This type of mentality is what goes through peoples minds when they get into automated trading. The word "automated" and all the expert advisor seller websites telling you that "you dont need to know anything about forex" makes it sound easy and simple. What is there to lose ?
The fact is quite simple and this is something your probably thought to. If this was so easy to do, if you could just flip a switch and cash on the forex market. Then why isnt anybody doing this ? Why isnt everyone a forex millionaire or even less, why isnt everybody living from automated trading ? The truth is something very simple, which you knew in the bottom of your heart when you started this jounery. It is certainly not that simple, and definitely not that easy.
The problem is that most people believe that the fault lies within the product, not within their approach. People usually think that "it is not that it is not possible, it is only that I need the robot that works" and this is when the quest for the holy grail begins and where most people end their careers in forex automated trading. Do you know how the crusaders who went in search for the holy grail ended ? They didnt find the holy grail and most of them died in meaningless wars searching for it, not very different from what happens in automated trading.
People need to realize that automated trading is not a horse race, it is not about looking at all the different products out there and finding the "one that works". That approach certainly doesnt work. If that way of thinking actually generated success then many people with this "best systems" would have already been successful. This is where most people end and when most people take a wrong decision, they think "the one doesnt exist, automated trading is a scam" and the fact is that the way in which it is proposed by expert advisor sellers, it actually is. There is no cash printing set and forget machine, that is just a dream that in reality makes no sense and - as many of you and me have found out through financial loss - doesnt exist.
What exists and makes sense is a different path. I am not saying that you should all follow it or that there are no other alternatives but this is what I have followed and what has worked for me. In the end, trading - automated or manual - is something you need to understand deeply if you want to succeed at it. When I saw that the promises made by the EA sellers didnt come true, I took my own way and I decided that I would research finance, system development, system design, trading, systems, etc until I got an answer about how to succeed in automated trading. What I have developped is an approach based on knowledge and not on ignorance, I have said goodbye for good to the "electricity mentality" and I have decided to fight this battle with knowledge and understanding.
Maybe my approach is not for everyone as it is not what most people hoped for when they "signed up" for the automated trading experience (in fact many people may get frustrated from reading this) but I have actually learned that this is why so few people succeed in this area. Since being successful in automated trading requires a true effort and a true understanding of all the underlying aspects of the market, system development, etc it is very easy to see that only a few are able to gather enough knowledge to fight the battle successfuly while most continue to search for a holy grail that doesnt exist and a "set and forget" solution that will simply never come.
My invitation is to quit this mentality and focus on developing your skills in the field. Nobody can do this for you, only you can do it for yourself. If you want to learn more about my journey in automated trading and how you too can get an education regarding the use and development of expert advisors please consider buying my ebook on automated trading or joining Asirikuy to receive all ebook purchase benefits, weekly updates, check the live accounts I am running with several expert advisors and get in the road towards long term success in the forex market using automated trading systems. I hope you enjoyed the article !
Do you remember the time when you first started trading ? When you first searched a forum ? What was on your mind when you started this journey in automated trading ? The truth is that most people who decide to research forex expert advisors and learn more about the topic are motivated by what I consider the "electricity mentality". Maybe you have heard many times that you dont need to understand how something works to use it - in other words - you dont need to understand electricity to turn on a light bulb. This type of mentality is what goes through peoples minds when they get into automated trading. The word "automated" and all the expert advisor seller websites telling you that "you dont need to know anything about forex" makes it sound easy and simple. What is there to lose ?
The fact is quite simple and this is something your probably thought to. If this was so easy to do, if you could just flip a switch and cash on the forex market. Then why isnt anybody doing this ? Why isnt everyone a forex millionaire or even less, why isnt everybody living from automated trading ? The truth is something very simple, which you knew in the bottom of your heart when you started this jounery. It is certainly not that simple, and definitely not that easy.
The problem is that most people believe that the fault lies within the product, not within their approach. People usually think that "it is not that it is not possible, it is only that I need the robot that works" and this is when the quest for the holy grail begins and where most people end their careers in forex automated trading. Do you know how the crusaders who went in search for the holy grail ended ? They didnt find the holy grail and most of them died in meaningless wars searching for it, not very different from what happens in automated trading.
People need to realize that automated trading is not a horse race, it is not about looking at all the different products out there and finding the "one that works". That approach certainly doesnt work. If that way of thinking actually generated success then many people with this "best systems" would have already been successful. This is where most people end and when most people take a wrong decision, they think "the one doesnt exist, automated trading is a scam" and the fact is that the way in which it is proposed by expert advisor sellers, it actually is. There is no cash printing set and forget machine, that is just a dream that in reality makes no sense and - as many of you and me have found out through financial loss - doesnt exist.
What exists and makes sense is a different path. I am not saying that you should all follow it or that there are no other alternatives but this is what I have followed and what has worked for me. In the end, trading - automated or manual - is something you need to understand deeply if you want to succeed at it. When I saw that the promises made by the EA sellers didnt come true, I took my own way and I decided that I would research finance, system development, system design, trading, systems, etc until I got an answer about how to succeed in automated trading. What I have developped is an approach based on knowledge and not on ignorance, I have said goodbye for good to the "electricity mentality" and I have decided to fight this battle with knowledge and understanding.
Maybe my approach is not for everyone as it is not what most people hoped for when they "signed up" for the automated trading experience (in fact many people may get frustrated from reading this) but I have actually learned that this is why so few people succeed in this area. Since being successful in automated trading requires a true effort and a true understanding of all the underlying aspects of the market, system development, etc it is very easy to see that only a few are able to gather enough knowledge to fight the battle successfuly while most continue to search for a holy grail that doesnt exist and a "set and forget" solution that will simply never come.
My invitation is to quit this mentality and focus on developing your skills in the field. Nobody can do this for you, only you can do it for yourself. If you want to learn more about my journey in automated trading and how you too can get an education regarding the use and development of expert advisors please consider buying my ebook on automated trading or joining Asirikuy to receive all ebook purchase benefits, weekly updates, check the live accounts I am running with several expert advisors and get in the road towards long term success in the forex market using automated trading systems. I hope you enjoyed the article !
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