Hey traders, how are those trades?
Later today we’ve got the FOMC minutes, which probably is the most important fundamental announcement from them all…
Yes, even more important than the Non-farm Payrolls report.
So we are going to see some movement, that’s for sure, but the type of movements that we are going to see aren’t tradable… and you know that.
So its a good idea to just watch the market and see how it behaves, close your trades, take out all your orders and relax!
forex, pyramid, strategies
There are basically two types of Forex trading systems, mechanical and discretionary systems. The trading signals that come out of mechanical systems are mainly based off technical analysis applied in a systematic way.
On the other hand, discretionary systems use experience, intuition or judgment on entries and exits.
But which one produces better results? Or more importantly, which one fits better your trading style? These are the answers we will try to answer on this article.
We will first analyze the pros and cons about each system approach.
discretional, mechanical, strategies