TerraSeeds Forex Tflow® Discretionary Forex Trading or System Trading?
Tflow® Forex Strategy is a Discretionary Strategy
Some questions that come from prospective participants at our TerraSeeds Tflow® Forex Trading Course show that there is confusion whether we are offering a discretionary forex trading solution or a system trading solution.
These questions come up:
- What is the success rate of your method?
- Can you show me the percentage of success and failure over the past 3 months?
- How many trades will TX Auto Alert open in one night?
- How accurate is the TX signal?
What is a discretionary forex trading approach?
In a discretionary forex trading approach, traders decide when to open and close a position. This decision requires judgement from the forex trader.
An important essence of discretionary forex trading is this: the trader must take ownership of the outcome of the trade.
The outcome is then based on his level of skill and experience at determining market direction, extent of movement and risk involved.
In the TerraSeeds Forex Tflow® forex trading course, participants learn to evaluate market psychology, look at key pillars such as fundamental and technical analysis. There are strategies to pick up as well as ‘live’ trading lessons where participants are exercised on their judgement and looking at how the market is setting up and placing orders. Emphasis is placed on developing a view of where the market is going, deciding what to do with the knowledge and ultimately understanding and taking ownership of the consequences of each trade.
Is TerraSeeds Tflow® Forex Trading = System Trading?
No. When TX Auto Alert (what is TX Auto Alert?) was introduced as an ‘expert advisor’ to send trade alerts. It serves as an educational tool for participants to get a sense of market levels, timing and flow. This blurred the line between discretionary forex trading and system trading. Indeed programming development elsewhere has reach the point when expert advisors can auto-trade by executing orders on behalf of the user. At this stage, questions such as ‘accuracy of signal becomes paramount.
TX Auto Alert is not a system trading expert advisor
TX Auto Alert does not auto-trade. It is not a system trading expert advisor. We believe that in order for forex trading to become a lifelong skill that can generate alternative income, a forex trader must acquire skill and experience. That is because system trading products can become obsolete because of new technology but a trader who has good foundation skills will continue to learn and adapt with changes to the forex market.
TerraSeeds continues to run a discretionary forex trading course and TX Auto Alert will support this approach only.
Director, TerraSeeds Market Technician Pte Ltd. Trader, investor. @sohtionghum was picked ‘Top 70 Forex Twitter in 2015’. Operates multiple strategies.
“Dear reader, I do not have a financial license to give advice. I do not know you the reader. Your financial objective and risk tolerance may be different from mine. I am not responsible for any consequence of your action.