Professional Trader Ltd

Over 95% of institutional money is now being traded using mechanical trading systems or fully automated algorithmic trading systems. Nearly 90% of Private home based traders use discretionary trading techniques. Approximately 95% of home based traders lose money in trading whilst most institutions make money in trading. The importance of these statistics should not be lost on any of us! Our opinion at Pro-trader is that  we believe that home based traders are missing a trick if they do not at least look at mechanical trading systems or better still using fully automated algorithmic trading systems. This is especially the case when traders start trading the E-mini futures contracts.  So what is the difference between a discretionary trading system and a mechanical trading system. There are a couple of short videos on our website demonstrating the difference but essentially a discretionary trading system requires a degree of individual judgment in making the trading...

One the first Forex trading courses London  that I ever attended was run by one of the famous former turtle traders. A guy called Russell Sands. He was a good teacher and the course was soundly based on a proven methodology. It was based around the methods used by Richard Dennis and Bill Eckhardt to make hundreds of millions of dollars in personal trading profits during the 1980s. They used the methods to trade both the commodities and currency markets. Those Trading strategies worked very well in the currency markets as currencies have a tendency to trend well and the turtle strategies used were so-called “trend following techniques”. These methods rely on the fact that on, albeit relatively rare occasions, markets have a tendency to break into very prolonged and pronounced trends, either upwards or downwards.  If the trader can ensure that they are on the right side of any such trends then they will be richly rewarded. For those of you that are learning to tra...