Hey!
I just got into the Forex and trading world. What are your thoughts on feedback systems, when trading online? BelforFx, offers you a trading tool called Guardian Angel when you open an account. This tool monitors your trading and provides a feedback on how you trade. For me this is awesome and so helpful when I am trading, cause it helps me make decisions. Do you think all traders find it helpful, when making decisions on the market?
I don’t know how much I’d want to rely on an automated process for assistance in learning. I’m sure it could probably get programmed to get a number of things right but there’s no way it could possibly accommodate everything. Might be good for one tool in your toolbox but you would be just as well served getting involved with a community of people that uses your strategy as well. That way you can bounce things off of them when a trade goes bad/well for you. Seems like a better repository of information to tap but really- if it works then it works.
In my experience and my process of learning, I have relied not only on the Guardian Angel tool, but also on the social trading network, the market reports, the technical and fundamental analysis. The Guardian Angel tool is more of a plus, when trading.
That definitely makes sense to me and is probably the same approach that I would use. It’s just a very common thing to see new members jump on the boards and want to know all about automation and ea’s- thinking it will be a shortcut for them rather than just a tool to be used.