| There are businesses and there are businesses. And | | | | wasting their valuable time cranking their brains in |
| there are also strategies, known as business | | | | front of their computers all in their efforts at ensuring |
| strategies, which serve as the bedrock for the | | | | the movements of the market is in their favor. I |
| survival of businesses. There is hardly any business | | | | mean, why won't they let this software do the work |
| without one strategy or the other driving it. Forex | | | | for them while they spend their time on other |
| trading is no exception. It has its own strategy that | | | | business ventures?. I had thought that this robot like |
| the operators employ to survive in the business. And | | | | software was the solution to the nightmarish and |
| the strategies are as variegated as the operators | | | | teeth gnashing experience faced by Forex traders. |
| traders themselves. Just as the strategies are many | | | | But I recently came to the realization that even this |
| and varied, so also are they changed at will like a | | | | software can ''hurt'' you if you depend solely on it as |
| chameleon by the traders. | | | | your only strategy for trading Forex. |
| This exactly is the point of this discourse. I have | | | | I was surfing the net the other day when I came |
| never seen any business having so many strategies | | | | across an article titled ''Advantages and |
| or techniques like Forex trading business. You are | | | | disadvantages of automated trading software'' Holy |
| even confused as to which of the strategies to | | | | Moses. So, this software has ''disadvantages'' What |
| adopt for your trading. The interesting part of it all is | | | | could they be? I didn't bother reading the |
| that just as you are settling down to get used to | | | | advantages. I went straight to what the author had |
| and apply whatever strategy that catches your | | | | to say about the demerits of my highly |
| fancy, you will, in no time, discover from articles, | | | | recommended automated Forex trading software. |
| eBooks, seminars, etc that your strategy is stale and | | | | But wait a minute. Do I really think this software can |
| may not work anymore. You are even advised to | | | | be that foolproof? Is there anything in this world that |
| jettison it for your own good. | | | | does not have its downside, nay disadvantages? No. |
| This brings to mind an article I posted on this blog | | | | Is the software risk proof? No. In fact, show me any |
| where I posited that automated Forex trading | | | | business without some element of risk and I will |
| software is the best, especially for those who want | | | | show you a bad business. The higher the risk, the |
| to trade Forex but don't have the time to do it | | | | higher the returns, don't they say? Now what are |
| themselves because of their busy work schedules. I | | | | the disadvantages of the software as submitted by |
| even came close to advocating that Forex traders | | | | Anton Taverdine, the author of the article. |
| should take advantage of this software and stop | | | | |