Disclaimer: Forex trading involves high risks, with the potential for substantial losses and is not suitable for all persons. The views expressed in this blogsite are those of the author(s) and do not necessarily reflect the official policy, position, or opinions of Global Forex Trading. Excerpt from: Forex Training
|  | | August 06, 2008 | | Creating a statistical system can be difficult | In currency trading, one of the more advanced tools you can use are statistical forex trading systems. It is important to note, however, that it can be time-consuming to set these up, and you should carefully consider what you are doing before you try this.
The Forex Blog points out that there are 5 questions you need to answer when building statistical forex trading systems:
- What period of time will you use for statistics gathering?
- What information goes into the statistics data?
- How will your new system compare the market situation with the statistics?
- Will your statistical forex trading systems "learn"?
- How complex will your system be?
| Topic Tags: currency trading, Forex Blog, forex trading, forex trading blog, forex trading systems, FX market, statistical forex trading, statistical system | |
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