So you have decided to enter the fast and exciting world of day trading
. Most probably you spend your mornings practically gobbling up the New York times for breakfast looking for tips for the next big hit, the next profitable share… the hottest stocks.

Then you come across an email regarding the Day trading Robot claiming that it can accurately predict how the market will behave and you can ride the next big tide before it even materializes. And you wonder…

Is it possible? Should I have one of those?

What we know. We know that the logic behind the Day trading software is sound. Traders know that the market behaves in patterns and there are indicators if the price of the stock will continue to rise or suffer a rapid decline.

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The stock world has been buzzing about Day Trading
Robot lately. It burst onto the scene with a lot of fan fair and hype, as well as promises. It claimed that you would be able to beat the stock market on a consistent basis, thanks to the help of a computer program. It would tell you what stock to buy, when to buy it, and then when to sell it back. You just sit back, enjoy the ride, and collect the profits. While it sounds great to be able to be a part of the day trading world without any experience of knowledge, is it actually realistic? Can you actually expect a trading robot to be able to accomplish this?

First of all, you should know that Day Trading Robot is not the first trading robot that claims to be able to win in the stock market

There has been a long line of robots that were programmed to do just this. In backtesting, they did great. They doubled, tripled, and quadrupled accounts with little drawdown. However, when it was actually time to put these trading robots on a live account, they would usually fizzle out. They might last for a few days or months, but then they usually end up back on the scrap heap. This is the usual lifespan of a trading robot.

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Been a funny old day at the Trading With Common Sense offices in that the markets have to all intent purposes been treading water but as far as our accounts are concerned we have had a “blinding time” i.e. on one account we started the day at £57,259 and just recently closed the last transaction of the day to bring the fund up to £102,118.74 a staggering profit for the day of £44859.04 and an ROI for the fund for the day of 78.34% which equates to an annual rate of……well “loads of wonga” as a colleague of mine once eloquently put it.

The strange thing was as you see the as far as most FTSE trades were concerned the index actually opened and closed within 15.74 points of each point but the story of the day was the tremendous range trading in between. Perhaps we were lucky and perhaps we just managed to “get into the zone” for the best part of the day but to be honest that would be making more of it than it actually was. A lot of the trades were so mind stunningly simple to make that it would “over egg” the report to make anything more of it than usual.

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The forex markets
are reputed to give instant profits to traders. However, many amateur traders fail to cash in on this potential and usually quit the market after getting frustrated. One of the major reasons why amateur traders fail in forex markets is the complexity of the method that they choose for trading.

Whatever research amateur traders do while choosing a trading method is almost always based on a gut feeling rather than on important aspects that actually make your profits run. It is important to note that methods for trading in forex markets must necessarily include risk management, discipline and psychology.

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While there is no dearth of information for forex traders to choose, the information must to selected and evaluated for initiating profitable trades. The Forex markets are driven by two major forces: fundamental and technical forces.

As is normal with all debates, there is an equal number on either side, some traders swear by technical analysis being the best while other would have it that by analyzing fundamentals one can read the market better.

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