SPECTRE.ai is the world's first brokerless, financial trading platform with an embedded, autonomous decentralized liquidity pool funded by Pre-launch investors, that acts as a counter-party to all trades.
Spectre.ai is was established in the beginning of 2018. Spectre.ai is focused on transparency and decentralization.
Without having a broker acting as the middleman and often the counterparty of a trade, the Ethereum based blockchain project, SPECTRE.ai raises expectations and the level of security for trading while removing unnecessary risks and conflicts of interest. All transactions are governed by smart contracts, and human intervention is not possible.
If you do not know how you trade (how successful or unsuccessful), then you will not be able to earn in the financial market. Before you start trading, you need to study your strategy. / Signal far and wide.
Statistics is needed to solve several problems:
- Psychology: reduce psychological stress. When you know that when testing the signal turned out to be cost-effective over a longer period of time, the losses incurred have a smaller impact on the psyche. This knowledge kills nervousness and gives confidence to enter without emotion (fear, loss of opportunity, fear of under-working, etc.)
- Profitability: get knowledge about your signal and check it for profitability (it gives profit or loss), as well as how long it takes to get a profit (dring month or two or more)
By collecting at least this information, you can already have a complete picture about profitability of the signal used.
Visual comparison of history and current patterns
The indicator compares pattern found on chart history with the current price movement. Since history repeats itself, then, by comparing the two patterns, indicator can predict the further movement of the price. The indicator allows you to overlay highlighted history pattern with current movement and you will visually see this movement and will be able to compare the past and the present.
To compare two patterns, you need:
- It is necessary to find and highlight a pattern on the history chart of a currency pair
- Then mark the beginning of price movement from which the historical pattern will be overlaid
There are only two golden rules to become a stable earning and profitable trader:
- Risk management
- Money Management
No other strategy/tactics will give you profit to your deposit. My experience shows that no any strategy found on the internet, offers risk management within. Basically they offer martingale money management strategy, where stop-loss is not used at all. In other words, if you take a random strategy or a signal from the Internet and use it together with the right risk management, the trading will be profitable.
You need to focus on the process, not on the result. Money will come when the process of finding an entry and calculating risk will be more important than earning money or beautiful charts or 95% of profitable trades. To learn to think by probabilities mean to use the opportunity to enter “here and now”, otherwise in a minute there will be an opportunity that has already gone.
I advise you to take it immediately for an axiom: no one can predict price behavior in the market. Each trade can be both: profitable and unprofitable before entering market. This means that you need to make a decision in total uncertainty.