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The advantage of a discretionary trading approach is the ability to respond to changes in the market place more effectively than a computerized strategy. The disadvantage is you are reliant on the trader maintaining a healthy psychology. They may fail to notice a change in the market type, or perhaps they will just have a bad day and over trade. I am trading with AAFX which has quickly grown to become Australia’s largest broker.
To follow trading strategy there is no alternative to become successful from Forex market. Different types of trading strategies followed by different traders. But trader should be choosier while selecting broker. Forex4you is a flexible broker allows all kinds of trading strategies in their trading platform including scalping and hedging. As a scalper from them I get narrow trading spread from only 0 pips which support me to make good money easily.
trading plan will indeed be needed and needed by traders, so that traders can become more focused in carrying out trading on a real account and have the opportunity to become a trader of the month with Tickmill.