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  1. #1
    adelzadeh's Avatar
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    {newspaper} The Wall Street Journal

    March 04 2017



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    Personality and Trading Systems:
    The idea that using a methodology that suits your personality is an essential component of trading success also helps explain why most people lose money using trading systems they bought. Why is that true? Is it because most trading systems don’t work on data not used in their development? I am not implying that.Actually, I have no idea what percentage of trading systems sold to the public provide a market edge. But even if I assumed that more than 50 percent of the systems sold would be profitable if applied as instructed, I would still expect over 90 percent of the buyers of those systems to lose money trading them.
    Why? Because every trading system, regardless of the strategy employed, is going to hit periods when it does poorly. Now, if you buy a system, by definition, it has nothing to do with your personality or beliefs.In many, if not most, cases, you won’t even have any idea what drives the system’s signals. Consequently,the first time the system hits a bad period, you are not going to have the confidence to stay with the system,and you will stop trading it. That is why, invariably, most people who buy systems will end up losing:
    They will stop using the system when it goes through a bad period, and they won’t be there when the system recovers.


    Lessons from the Greatest Traders
    Book by Jack D. Schwager

  2. #2
    I like with look news update on forexfactory, usually news on calendar economy always released updated, but might if near to time released need to reload page to get new update and usually there are button cycle to refresh whether news already updated or not yet

  3. #3
    I look for so many web page to see news update, dont know why. But i am such kind of trader, who try to find every ones analysis about the news on different websites.

  4. #4
    Beside WSJ also on bloomberg as site that included up to date news will posted daily, also on investing dot com also as good site to get update about financial market, but might trader forex that prefer technical analysis will more focus on the chart

  5. #5
    Quote Originally Posted by blackking View Post
    Beside WSJ also on bloomberg as site that included up to date news will posted daily, also on investing dot com also as good site to get update about financial market, but might trader forex that prefer technical analysis will more focus on the chart
    There are so many news upadater in online work. you can find any number of websites to get the news details about any particular field. Financial market news is always there with every broker and other websites.

  6. #6
    I see there are numerous sites giving real insights about the markets every single minute, i mostly uses economies.com, investing.com, bloomberg etc to read the recent trends and apply the conclusions while trading.

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