Hi Traders,
Beginning traders believe all they need to do is to purchase an Expert Advisor, otherwise known as a robot or bot, add it to a trading chart and the profits will follow. This is not reality! In the forum I have seen traders take the Prop Firm robots and trade them successfully and end up with funded prop firm accounts. I have also seen traders take the Prop Firm robots and trade them unsuccessfully and blame the losses on the robots. While using robots that has been proven to be profitable is part of the equation, a traders strategy on how they trade the robots is just as important if not more important to successful traders. I have been trading since 1985, and many years ago I learned that every trader must develop their own trading strategy. Think about this; if there was one successful strategy for trading everyone would purchase it, use it, and get rich. This is not the case. What works for one trader does not always work for other traders. Every trader must develop a trading strategy that works for them. Developing a strategy that works takes time, patience, practice, and determination. There is an old saying: “If at first you don’t succeed, try, try, again”. This is definitely true when it comes to learning how to become a successful trader.
Alan,