The simplest way to money management, ensuring consistency and constancy of the trader, are the mechanical systems. Using this method is most suitable for beginners to market participants, because it avoids the subjective and often incorrect assessment of the situation.
Correct mechanical system bases its work on the basis of constantly updated information base, the use of data which the decisions on entering and leaving the market. Among the large number of mechanical systems meet the scheme, working only for a short period of time and more thorough methods, based on an analysis of more than one decade of the market and working for years.
Modern traders have at their disposal a special software which allows to independently develop, automate and manage trade systems. Process automation plays a crucial issue. This is due to several reasons:
• elimination of action based on subjective reasoning trader under the influence of emotional factors. When using a mechanical system which gives a profit of 76% of traders can rely on time-tested and practice algorithm, preserving confidence in the correctness of their actions. Since only a strict adherence to the rules of the strategy produces a steady income.
• availability of professionally tuned automated system allows to detect and analyze its main characteristics, such as spacing, deviation, Z-account and other settings. The trader, who owns knowledge of unique characteristics, can independently develop methods for their use in the process of the foreign exchange market.
Now available to all market participants specially developed techniques to be used when working with a particular trading system. However, reliable data suitable for making the right decisions can only be obtained from the use of well-tested software.
Modern technologies allow to "adjust" and configure the known methods of money management the manner of operation of each trader and the current market situation. This allows you to work on the foreign exchange market with minimal risk and still get a decent profit.