Always Have a Backup with FOREX Trading

The more high tech we become, the less redundancy there is in a system. This is very true of the very high-tech world of electronic trading. You will want to build redundancy into your FOREX program as compensation. The markets move quickly and leverage is high; you cannot afford downtime:Other possibilities:Consider this as you would health insurance. Be happy you never have to use it and be even happier you have it if you do!
By Michael Duane Archer
Michael Duane Archer has been an active futures and FOREX trader for more than 35 years. He has worked in various advisory capacities, notably as a commodity trading advisor, registered SEC investment advisor, and branch manager for Heinold of Hawaii. He currently trades FOREX and futures and is involved in several technical analysis research projects.

Copyrighted 2020. Content published with author's permission.

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