A while back I heard a professional trader who ran a trading desk sum up ‘set and forget trading‘ strategies in one sentence:
“That is like getting in a car, putting your foot on the gas, and expecting to get from point A to point B without crashing – complete stupidity.”
By and large, I have to agree with him. There is a lot of confusion around set and forget trading, and it’s likely costing you money.
In today’s article, I’ll begin by sharing the fallacy in this way of thinking and how our brains are wired in relation to trading. Then I’ll cover the ONLY TWO SCENARIOS you should use a forex set and forget trading strategy.…... Keep reading