Automated Trading Championship

The currency exchange (forex) market is the largest and most liquid financial world. The average daily trading on the FOREX markets worldwide exceeds $ 1.9 trillion (Source: the Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity conducted by the Bank for International Settlements (BIS) in April 2004, and published in March 2005). These huge funds are negotiated by governments, banks and large institutions. In comparison, the largest market share on the Earth - NYSE Group (The New York Stock Exchange), has a trade volume of approximately 86.8 billion U.S. dollars (Source: NYSE Group, Inc., 2006). FOREX has a growth rate of 18.4% on average per year since 1989. It offers trading 24 hours a day, five days a week non-stop on the Internet. This type of liquid and massively many hours of continuous bargaining means that in normal conditions, there is no problem entering or leaving a job.
But in this vast market, as reported, at least 90% of new forex traders lose all their money in their first 3 months of activity. Why? Most traders who lose inquire about FOREX trading are quite intelligent, they just lack the right tools, the "Secret Weapons" to win. They are not beaten by other traders, they simply are beaten by themselves, by man's weaknesses.

In speaking of human weaknesses, let us list some as follows:

1. What is the first major weakness of human beings? if I say it should be "greed", is there anyone disagree? Several times, we got 1% profit, but we think it is not fat enough. We want more, 2% or 3% will be better. Although the benefit is really going to 3%, we believe that would you say 10%? Not always enough. But the market is unstable, especially in the Forex market, one often encounters the situation of depression: the profit is negative positive. and this kind of depression that happens again and again.

2. Fear. All people are afraid. In Forex trading, exchange rate is easily jumping or dropping hundreds of pips. Few people can do very well how the market will go. In the forex market, people use them to benefit from trade, from 50:1 to 500:1, the leverage will increase the profit or loss 50 times to 500 times. Leverage is the wonderful characteristic of Forex, and driving fear into the heart of people too. If the market goes against people, drawing great course, their fear is too much. Is there anyone not afraid of losing money? Under the pressure of fear, people easily and often make bad decisions, stopping the loss of too early, then regret soon.

3. The lack of confidence. Seems better than fear, eh? But it is still not a good thing. Many times, traders of man are so happy once they see little profit in their accounts. They are disturbing and if the profit turns into loss? People always take a tiny profit and Run, and then regrets when they see the market going further and further down the track. If they are convinced they have made ten or even hundred times profit.

4. Hesitation. Not only beginners, but also old hands easily hesitate to act in the Forex market. You've probably heard the saying "past performance is no guarantee of future performance." Even a highly experienced professional who has made many successful trades in its history, then he or she is facing a new situation, needs think twice before making a decision so simple: buy or sell? For new traders or amateurs, they need more time to think, and this kind of hesitation always leads to confusion and missing better and fleeting opportunity .

5. Weariness. How many people can continue to work for 24 hours? No sleep, no rest? How about 48 hours, 72 hours, etc.? Even an iron man can not use his eyes watching the computer screen, thinking the brain rapidly changing issues and hands calculating complex formulas, day and night, 24 hours a day, 6 days.