DISTANCE EDUCATION MS COMPUTER SCIENCE

Advantage #1: Discipline. The easiest way to follow a trading plan is to automate it. Almost every trading system can be automated, and you could let the computer trade for you. You won't have to worry about your discipline any longer, as the computer mechanically trades every setup for you.

Advantage #2: Controlling your emotions. Automating a system removes emotions from trading. If you don't automate your strategy try to make decisions when the market is moving, you are liable to become emotionally attached to positions. You may experience panic and indecision when the market does not move in your favor, as you do not have a prepared response. That's when most traders lose their money. If you automate your system the computer will trade for you no matter what the market does.

Advantage #3: Controlling your losses.

You probably have heard the saying Let your profits run. Unfortunately most traders let their losses run. Automating a trading system will get you out of a position when the predefined stop is hit. Unless you override the system to give the trade a little bit more room the computer will stop the loss and therefore limit your losses. Advantage #4: Commitment.

You won't believe how many traders show a lack of commitment and therefore lose money. Lack of commitment means that they stop trading after the first loss, and don't give their system a chance to make back the money they lost. Trading is not a one-way street, and losses are part of our business. If you can't accept the fact that there will be losses, you shouldn't trade. Fortunately the automation of a trading system can help you to overcome this problem; an automated trading system continues trading according to the rules, and therefore adds much more consistency to your trading.

The next step.

• If you read until here, then you learned a lot. By know you know.
• · How to define your financial and trading goals. · How to select the right market for your trading goals.
• · What timeframe you should trade in.
• · The difference between trading styles and how to find the right one for you. · How to create a basic trading plan.

· How to make sure that your trading plan will work in reality.

· How to start trading your system without risking a single penny.

• · What it takes to become a successful trader.
• · How to develop the habits of successful traders. · A shortcut to become a successful trader.

Now the ball is in your court. It's up to you to take the first step.