We traders have to be careful of the pontificators on many of the cable financial network shows. The problem is that so many people think they are experts. They regurgitate old news and ideas, make outrageous claims, and then try to sell you their books. I’m sure that at some point in their careers they have had some success with the markets and maybe some even continue to have a degree of success. The markets, however, don’t care how successful you’ve been in the past because it is now predictor of how well you will do in the future.

The key to your success is doing your own analysis and developing your own strategies. It takes a large amount of trail and error to find out what works. Once you find a strategy that works it is sensible to program the rules into a expert advisor and let the program run to determine when to enter and exit a trade. It is undoubtedly the best way to trade.

Regards,

Colon

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