Current currency traders answer anything! Everyone's Q&A [Traders Securities Everyone's FX Igo Kio]
There is no one to challenge questions, and even after researching, I still don’t understand well… If you have such worries, leave it to this project. Mr. Ikuji from Traders Securities will solve your questions for you!
Yoshio Ikutsu Profile
Iguchi Yoshio. Traders Securities Market Department, Dealing Section. Certified Technical Analyst. Since 1998, he has been engaged in financial institutions, mainly involved in covering dealing operations in the commodities markets focusing on precious metals and petroleum products. Since 2009, he has been with Minna no FX, handling dealing operations primarily in USD/JPY and major European currencies. He is proficient in forex analysis from a fundamentals perspective and is well-regarded for short-term predictions using technical analysis. Recently, he has appeared in Minna no FX’s free online seminars, where his easy-to-understand lectures have been well received. Furthermore, on Twitter, professional dealers share real opinions about the markets, so it’s a must-check.
Twitter:https://twitter.com/yoshi_igu
*This article is a reprint/edit of an article from FX攻略.com December 2018 issue. Please note that the market information written here may differ from current market conditions.
Q25. I’m interested in system trading (automatic trading) but I still feel hesitant to start. I’d like to know the advantages and disadvantages of system trading for FX beginners (Osaka Prefecture / 20s / Male)
A. The appeal of system trading is that it doesn’t require difficult analysis and it can prevent emotional trading. However, the market world is not that forgiving. Understand the advantages and disadvantages of system trading before you start.
What is System Trading?
System trading can be defined as “rules + automation.” First, regarding “rules,” if you’ve traded FX before, you’ve probably heard that trading rules are important. Most profitable traders either strictly follow basic FX rules or have their own trading rules. Unfortunately, many traders who don’t generate profits trade based on intuition without creating rules.
And the other part is “automation.” In other words, system trading is trading that is automated according to certain rules. This is the essence of system trading. Let’s first look at the advantages.
