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	<title>EconoLogics.com.au &#187; Futures Education</title>
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		<title>Six Advantages Of Futures Trading</title>
		<link>http://www.econologics.com.au/futures-education/six-advantages-of-futures-trading/</link>
		<comments>http://www.econologics.com.au/futures-education/six-advantages-of-futures-trading/#comments</comments>
		<pubDate>Sat, 02 Jul 2011 01:46:32 +0000</pubDate>
		<dc:creator>The Logician</dc:creator>
				<category><![CDATA[Futures Education]]></category>
		<category><![CDATA[futures]]></category>

		<guid isPermaLink="false">http://www.econologics.com.au/futures-education/six-advantages-of-futures-trading/</guid>
		<description><![CDATA[Let&#8217;s say you had a pretty good idea that if you bought 10 jars of pickles you&#8217;d make a lot of money, because from what you have been reading the demand for pickles was going up in the future. You pay fifty cents a jar, stash the jars in your pantry and sure enough &#8212; [...]]]></description>
			<content:encoded><![CDATA[<p>Let&#8217;s say you had a pretty good idea that if you bought 10 jars of pickles you&#8217;d make a lot of money, because from what you have been reading the demand for pickles was going up in the future.  You pay fifty cents a jar, stash the jars in your pantry and sure enough &#8212; the price of pickles doubles and you make a $5.00 profit.</p>
<p>But, supposing you are required to have 100 jars minimum to trade. What are you going to do?  The answer is to find somebody that has 90 jars and &#8220;go in on the trade&#8221; with them.  Both of you share in the profit when the jars are sold.  This is gives you the &#8220;leverage&#8221; you need to sell pickles in a market you could not have entered otherwise.</p>
<p>But let&#8217;s go further.  Let&#8217;s say that jars of pickles are not physically being bought or sold.  Your friend draws up a contract offering 100 jars of pickles at the going rate&#8230;and THIS is what is up for sale.</p>
<p>1) Leveraged Contracts<br />
You now have a Futures commodity contract, and you can begin to see the advantages that Futures trading offers.  They are highly &#8220;leveraged&#8221; investments; in order to invest in a contract you only need to buy a small fraction of it&#8217;s value, usually only about ten percent of the contract&#8217;s total worth.  With this, you can trade huge amounts of commodities.</p>
<p>If you predict the movement of the price of the commodities traded correctly, you&#8217;ve got the chance of a ten fold profit on an initial investment of ten percent of the actual Futures contract&#8217;s value.  Leverage will work to a tremendous advantage to the investor in Futures trading.</p>
<p>2) A Paper Investment<br />
Up until now, we&#8217;ve assumed you still own 10 jars of pickles.  But let&#8217;s say you don&#8217;t have storage space for 10 pickle jars or your landlady is a &#8220;pickle-phobe&#8221; who says you can&#8217;t have more than two jars on the premises.  With Futures contracts you don&#8217;t need to physically buy and store them&#8230;you instead buy the contract. You now have what&#8217;s known as a &#8220;Paper Investment&#8221;.  The Advantage of a Paper Investment is that the investor doesn&#8217;t have to store or manage the commodities being traded&#8230;it&#8217;s all done on paper.</p>
<p>3) Liquidity of Futures Contracts<br />
There are huge numbers of contracts traded on the market on a daily basis, with a large number of buyers and sellers placing orders very quickly, no matter what the commodity is. This is known as &#8220;liquidity&#8221;.  Contracts can be bought and sold with ease, and your contract can be easily sold at any time&#8230;the trick being (of course) to sell &#8220;high&#8221; rather than &#8220;low&#8221;.</p>
<p>4) Fairer Trading<br />
The Futures trading market is a fairer trading situation as compared with stock <a href='http://www.online-stock-trading-today.com' target='_blank'>stock market</a> and share trading. It is more difficult to get insider information on Futures which is a problem in price manipulation of stocks.</p>
<p>5) Lower Commissions<br />
Commissions on Futures markets tend to be smaller, and they are usually paid after the position has ended.  Depending on the level of service, brokers&#8217; commissions are sometimes as low as five dollars to as high as two hundred dollars per transaction.</p>
<p>6) Quicker Profits<br />
Futures trading may offer the investor a quicker way to make a profit. As a general rule,  Futures markets move faster than the cash markets, but this can also pose more risk.  There are quick gains, and quick losses.  Incorrect predictions of commodities positions can take you down fast&#8230;correct ones can take you up&#8230;just as fast.</p>
<p>It all depends on your ability to predict&#8230;and that to a great extent on good sources <a href='http://www.online-stock-trading-today.com' target='_blank'>commodities</a> of knowledge of commodities and how they are expected to perform.</p>
<p>Bloggers who are searching Internet for  information about the topic of <a href='http://www.forexmaestro.com/' target='_blank'>forex trading</a>,   make sure to go to the site which is mentioned right in this paragraph.</p>


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		<title>Pros and Cons of becoming a Certified Medical Assistant</title>
		<link>http://www.econologics.com.au/futures-education/pros-and-cons-of-becoming-a-certified-medical-assistant/</link>
		<comments>http://www.econologics.com.au/futures-education/pros-and-cons-of-becoming-a-certified-medical-assistant/#comments</comments>
		<pubDate>Wed, 02 Mar 2011 22:14:15 +0000</pubDate>
		<dc:creator>Ryan Shade</dc:creator>
				<category><![CDATA[Futures Education]]></category>
		<category><![CDATA[adult]]></category>
		<category><![CDATA[adult education]]></category>
		<category><![CDATA[advanced school]]></category>
		<category><![CDATA[career]]></category>
		<category><![CDATA[certified medical assistant]]></category>
		<category><![CDATA[education]]></category>
		<category><![CDATA[medical assistant]]></category>
		<category><![CDATA[medical assistant certification]]></category>
		<category><![CDATA[medical school]]></category>
		<category><![CDATA[medical training]]></category>
		<category><![CDATA[women]]></category>

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		<description><![CDATA[If you want to get certified as a medical assistant, you will need to do a number of things that will cost you time and money. It requires a lot of determination to do this. Due to this, before you start, you should examine both the positive aspects of this industry and the negative things as well. Today we will look at the field of medical assisting, to help you determine whether this is a good job for you, or a bad one.]]></description>
			<content:encoded><![CDATA[<p>If you want to get certified as a medical assistant, you will need to do a number of things that will cost you time and money. It requires a lot of determination to do this. Due to this, before you start, you should examine both the positive aspects of this industry and the negative things as well. Today we will look at the field of medical assisting, to help you determine whether this is a good job for you, or a bad one.</p>
<p>Pros</p>
<p>The field of healthcare is growing at a very quick rate. Despite the fact that people all around us are having trouble staying employed in these economic conditions, the growth continues. So, the medical field is so far doing well in this troubled economy.</p>
<p>Every city of reasonable size has a number of of places in which medical assistants can work. This is another reason why this field is such a good one to go into. With so many possibilities for job, you know that you will be able to find a job somewhere when you start your search.</p>
<p>In this position, you&#8217;ll also find that you can make very good money if you stick in it long enough. While entry-level positions might not pay a lot, you can make up to 40k and sometimes more in this field.</p>
<p>But one of the best advantages is that a medical assistant certification gives you an incredible base in which to launch your career. You can get into hospital administration. You can go into nursing. You can decide on virtually any pathway, all the while learning how the medical industry works.</p>
<p>Finally, you don&#8217;t have to go to school for a long time. Certification can take place in just a single year. And some people are able to get entry-level positions without any schooling at all. Now take caution, that no schooling will severely limit your pay and potential, but it is possible.</p>
<p>CONS</p>
<p>First off, the pay can be considered a con, as nurses make a good deal more than medical assistants. Also, you might find that you still have to go to school for a couple years, while the nurse that makes much more had to go to school for 2 years as well.</p>
<p>However, you need to realize that CMA&#8217;s aren&#8217;t responsible for nearly as many issues with blood and fluids that many people can&#8217;t handle. A large number of people can&#8217;t handle the procedures that nurses are faced with, and so they prefer life as a medical assistant to one as a nurse.</p>
<p>Another con is related to the above, in that you might find yourself in a position where you spend most of your day in the office. Be careful when you get hired not to get casted in an office role, if you want to do more clinical work. Your schooling will play a large part.</p>
<p>If you do happen to get a job without any schooling, than chances are you will be answering the phone and not doing much of anything in the way of assisting the doctor or physician.</p>
<p>So as you can see, there are a number of good things and a number of bad things about this industry. There is an extreme amount of stability in this job. There is a need for medical assistants, and you can get a solid paycheck. However, nurses do make a lot more money despite only having to go to school for 2 years. However, we&#8217;ve tried to explain why nurses make more. Everyone can&#8217;t handle the duties of a nurse. If becoming a medical assistant is what you desire, than look into becoming a CMA right away!</p>
<p>Learning how you can get certified is very important. Our website on <a target='_blank' href="http://mymedicalassistantcertification.com/medical-assistant-programs/">medical assistant program</a> can be an excellent resource to help you in your quest for a new career.</p>


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		<title>Are You Contemplating the Career of Medical Assisting?</title>
		<link>http://www.econologics.com.au/futures-education/are-you-contemplating-the-career-of-medical-assisting/</link>
		<comments>http://www.econologics.com.au/futures-education/are-you-contemplating-the-career-of-medical-assisting/#comments</comments>
		<pubDate>Fri, 18 Feb 2011 02:43:26 +0000</pubDate>
		<dc:creator>Ryan Shade</dc:creator>
				<category><![CDATA[Futures Education]]></category>
		<category><![CDATA[advanced schooling]]></category>
		<category><![CDATA[career]]></category>
		<category><![CDATA[certified medical assistants]]></category>
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		<category><![CDATA[medical assistant]]></category>
		<category><![CDATA[medical assistant certification]]></category>
		<category><![CDATA[medical school]]></category>
		<category><![CDATA[school]]></category>
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		<guid isPermaLink="false">http://www.econologics.com.au/futures-education/are-you-contemplating-the-career-of-medical-assisting/</guid>
		<description><![CDATA[Has obtaining a medical assistant certification crossed your mind? If so, you are not alone. Due to the tough economy, this is a choice that many people are making. Many see the healthcare industry as an industry that is fast paced and growing rapidly. So, as we said, this is one of the reasons why many are getting certified.]]></description>
			<content:encoded><![CDATA[<p>Has obtaining a medical assistant certification crossed your mind? If so, you are not alone. Due to the tough economy, this is a choice that many people are making. Many see the healthcare industry as an industry that is fast paced and growing rapidly. So, as we said, this is one of the reasons why many are getting certified.</p>
<p>But to be a successful medical assistant, you need to get training. Training takes time and costs money. Many wonder if it is worth it. After all, you can go to medical assistant school for 2 years, and you can become a nurse in 2 years! And all it takes is a quick check on the internet to see that there is a big difference in pay between a nurse, and a medical assistant.</p>
<p>So does it make any sense at all to go the route of medical assisting, when you can become a nurse in just 2 years? Today, we&#8217;ll analyze some of the things that you&#8217;ll need to think about, before you make a decision.</p>
<p>First of all, recognize that you are NOT required to go to school for 2 years. That is an alternative, to get a graduates degree. But you can get a medical assistant certification much quicker if you want to. A certification can be attained with a one year program very effortlessly. You might find online courses or &#8220;crash&#8221; classes that offer certifications in less than a year! If so, than that is a great reason why a medical assistant certification will be of benefit to you.</p>
<p>There&#8217;s something else to think about, though. A nurse must work on the clinical side of things all day long. This involves many of the things that some are uncomfortable with. Working in surgeries, around blood, and doing things that some might consider &#8220;gross&#8221;.  Not every person wants to help change colostomy bags and things of this nature.</p>
<p>Are you uncertain as to whether you could do this or not? If this is the case, being a medical assistant might be a great way to get into the medical field and get started. A medical assistant works in the office sometimes more than they work with patients. While they may work with blood and help patients, it will be far less than nurses do. It might be an effective way to &#8220;test&#8221; yourself and see if you can handle it.</p>
<p>But, it still is a choice that isn&#8217;t easy to make. If you go to school for just one year for medical assisting, you will probably be unable to convert credits to nursing school. However if you go for two years, you will be earning much less than a nurse. It&#8217;s times like these where you need to do a lot of research and make a decision that will benefit you.</p>
<p>Try and find as much info on the subject as you can, and get varying opinions from people in the field. Check out different colleges that you may see on the internet or in flyers, and talk to their personnel. Be frank and up front with them. In spite of the higher pay though, everyone can&#8217;t deal with the duties of a nurse, which is why there are many satisfied medical assistants, and why it&#8217;s an excellent field to get into!</p>
<p>The question, <a target='_blank' href="http://mymedicalassistantcertification.com/what-is-a-medical-assistant/">What is a medical assistant</a>, is asked by many people and can easily be answered by visiting our website.</p>


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		<title>Have You Got What It Takes To Become A Health And Social Care Apprentice?</title>
		<link>http://www.econologics.com.au/futures-education/have-you-got-what-it-takes-to-become-a-health-and-social-care-apprentice/</link>
		<comments>http://www.econologics.com.au/futures-education/have-you-got-what-it-takes-to-become-a-health-and-social-care-apprentice/#comments</comments>
		<pubDate>Tue, 05 Oct 2010 11:09:21 +0000</pubDate>
		<dc:creator>Craig Abrahart</dc:creator>
				<category><![CDATA[Futures Education]]></category>
		<category><![CDATA[apprentice]]></category>
		<category><![CDATA[apprenticeship]]></category>
		<category><![CDATA[apprenticeships]]></category>
		<category><![CDATA[care]]></category>
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		<guid isPermaLink="false">http://econologics.com.au/2010/10/05/have-you-got-what-it-takes-to-become-a-health-and-social-care-apprentice/</guid>
		<description><![CDATA[Have you got a big heart and feel you'd like to give something back - help out others that truly need it? Well then, starting an apprenticeship in health and social care can give you a real sense of satisfaction that the job you're doing is truly appreciated- in this most rewarding of career paths.]]></description>
			<content:encoded><![CDATA[<p>Have you got a big heart and feel you&#8217;d like to give something back &#8211; help out others that truly need it? Well then, starting an apprenticeship in health and social care can give you a real sense of satisfaction that the job you&#8217;re doing is truly appreciated- in this most rewarding of career paths.</p>
<p>There are a wide range of job roles available in an apprenticeship in health and social care along with the choice of which type of care you would like to concentrate working in &#8211; health or social? If you opt for health care you could work in hospitals, doctors&#8217; surgeries, hospices, the community, etc. You could find yourself supporting doctors or nurses in clinical roles, or assisting patients in hospital wards or their homes, which could be serving food, making and changing beds, etc. There is a choice of 21 different qualifications within the health care apprenticeship and these range from maternity to radiotherapy support.</p>
<p>Social care is about helping people live their lives. People who have physical or psychological problems often require practical help coping with the everyday business of living. This type of care usually takes place in the home or in care homes, and can include anything from helping people get dressed to transporting them to and from a residential home.</p>
<p>Upon completing a level 2 apprenticeship in health and social care you could find yourself a job as an assistant in either health or social care or carry on to a level 3 advanced apprenticeship. Completing an advanced apprenticeship would allow you to progress onto higher education in subjects such as nursing or midwifery; or land a role as operating department practitioner in the care sector or in management of care homes.</p>
<p>To progress and succeed in this sector it is essential you like helping, interacting and looking after a variety of people who come from different backgrounds treating them politely and tactfully. You have to be responsible, honest, reliable and trustworthy because you will be dealing with a number of personal issues that people have to face. Since a lot of the work will involve working with the elderly and disabled you will need to be patient and always remain calm regardless of the situation.</p>
<p>If you feel you meet the above criteria and are eager to make a difference to other people&#8217;s lives then an apprenticeship in health and social care could be just your thing. Have a look at the latest opportunities by visiting notgoingtouni.co.uk.</p>
<p><a target='_blank' href="http://notgoingtouni.co.uk">notgoingtouni</a> helps young adults with their future by showing jobs and training that are available apart from university. There are a number of <a target='_blank' href="http://www.notgoingtouni.co.uk/jobs/sectors/14/Health_and_Social_Care">Health and Social Care apprenticeships</a> presently available as well as free career guides and over 300 videos on distance learning, foundation degrees, gap years, voluntary work and advice on getting a sponsored degree.</p>


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		<title>Should You Consider A Painting And Decorating Apprenticeship?</title>
		<link>http://www.econologics.com.au/futures-education/should-you-consider-a-painting-and-decorating-apprenticeship/</link>
		<comments>http://www.econologics.com.au/futures-education/should-you-consider-a-painting-and-decorating-apprenticeship/#comments</comments>
		<pubDate>Mon, 27 Sep 2010 11:58:06 +0000</pubDate>
		<dc:creator>Craig Abrahart</dc:creator>
				<category><![CDATA[Futures Education]]></category>
		<category><![CDATA[apprenticeship]]></category>
		<category><![CDATA[business]]></category>
		<category><![CDATA[career]]></category>
		<category><![CDATA[decorating]]></category>
		<category><![CDATA[education]]></category>
		<category><![CDATA[job]]></category>
		<category><![CDATA[painting]]></category>
		<category><![CDATA[work]]></category>

		<guid isPermaLink="false">http://econologics.com.au/2010/09/27/should-you-consider-a-painting-and-decorating-apprenticeship/</guid>
		<description><![CDATA[Do you like the idea of restoring buildings to their former glory or helping people redesign their homes? This plus much more can be achieved with a painting and decorating apprenticeship. As one of the more artistic trades out there, painting and decorating can be a diversified job that offers big rewards and the opportunity to one day own your own business.]]></description>
			<content:encoded><![CDATA[<p>Do you like the idea of restoring buildings to their former glory or helping people redesign their homes? This plus much more can be achieved with a painting and decorating apprenticeship. As one of the more artistic trades out there, painting and decorating can be a diversified job that offers big rewards and the opportunity to one day own your own business.</p>
<p>A few tins of emulsion and a lick of gloss can breathe new life into an old room or add the final touch to a newly built home. This is what painting and decorating is all about: finishing and restoring buildings and other structures. The work is varied and takes place on both a small and large scale, from hand painting ornamental fixtures in a stately home to applying a protective coating to the outside of an oil rig.</p>
<p>A painting and decorating apprenticeship will teach you how to prepare surfaces, match colours, apply coatings and wallpaper and work with a variety of materials like gloss and Artex. You may also learn specialist techniques like marbling and rag-rolling to create decorative effects.</p>
<p>After completing the painting and decorating apprenticeship, you&#8217;ll get a Level 2 nationally recognised qualification, a technical certificate and key skills. There is also the ground for progression either through specialising in a certain area, for example restoration work or decorative painting, progression into supervisory roles or even for setting up your own business. In fact, there are plenty of self-employed painters and decorators out there who are in their early twenties.</p>
<p>To ensure success in this environment you need to be good with your hands and be able to follow specific detailed instructions from clients. Possessing a keen affinity for art and design will also help with your imagination and the creativity of your work. Similarly to most construction-related jobs, painting and decorating will see you working on a variety of different places, both indoors and out. It might also involve working at height, or in some difficult to reach places, so being fit is a plus.</p>
<p>Every so often people get the craving to redecorate so there is plenty of work out there. If you think you have the skills and drive required for this environment then take a look at the latest opportunities with notgoingtouni.co.uk.</p>
<p><a target='_blank' href="http://notgoingtouni.co.uk">notgoingtouni</a> helps young people with their future by highlighting jobs and training that exist apart from university. It is packed full of <a target='_blank' href="http://www.notgoingtouni.co.uk/advice/view/164/About_Apprenticeships">apprenticeships</a>, distance learning, foundation degrees, gap years and voluntary work in addition to ways to get a sponsored degree. Visit the website for free career guides and over 300 videos.</p>


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		<title>Dreams Made New Its Graduation Time</title>
		<link>http://www.econologics.com.au/futures-education/dreams-made-new-its-graduation-time/</link>
		<comments>http://www.econologics.com.au/futures-education/dreams-made-new-its-graduation-time/#comments</comments>
		<pubDate>Sat, 24 Apr 2010 17:26:04 +0000</pubDate>
		<dc:creator>Tarren F. Baker</dc:creator>
				<category><![CDATA[Futures Education]]></category>
		<category><![CDATA[aditional education]]></category>
		<category><![CDATA[advanced degree]]></category>
		<category><![CDATA[advanced education]]></category>
		<category><![CDATA[future education]]></category>

		<guid isPermaLink="false">http://econologics.com.au/2010/04/24/dreams-made-new-its-graduation-time/</guid>
		<description><![CDATA[There are loved ones that cause you to become uncomfortable as they experience a sense of worry, happiness and moodiness while you reach for your education. This is the most unique encounter of your life. A strong invite to help them get grounded can be obtained by suggesting they are all good emotions - its graduation time. Some may need it, in the end those persons are the ones that have supported you through the process. An occasion as special as this fills everyone with emotions.]]></description>
			<content:encoded><![CDATA[<p>There are loved ones that cause you to become uncomfortable as they experience a sense of worry, happiness and moodiness while you reach for your education. This is the most unique encounter of your life. A strong invite to help them get grounded can be obtained by suggesting they are all good emotions &#8211; its graduation time. Some may need it, in the end those persons are the ones that have supported you through the process. An occasion as special as this fills everyone with emotions.</p>
<p>They might need it, after all those people are the ones who have been cheering you on through your entire academic career. Yes they care, about your existence, and about what the future holds for you. There is that one defining moment that no one dares to try and articulate. It&#8217;s that moment when everything around you is busy; people are chatty and everyone wants to know if you need anything and if everything is alright. You might give swift and ready made responses that you&#8217;ve seen in a television commercial to avoid a moment of vulnerability. That place where belief and disbelief joins forces; and all the things realized are what you can only know to be true &#8211; you really did it and you are graduating.</p>
<p>Every assignment, compliment and criticism are all the obstacle courses you took on and were strengthened by. You set out with the intention to clarify your purpose and apply it to the needs of the world. These are all the selfless acts of someone who has an invested and universal interest.</p>
<p>It can be a challenge to try and determine the actual degree of the advantages you will gain from your initiatives. Nevertheless, it is important to realize that more often than not; the returns you obtain will come by means of just one more learning experience. There are no demands to purchase any material simply to stay open to learning. Your own placement in the world has to be developed and task is to be conscious through it all.</p>
<p>The connections that you make with other intelligent people might open doors of opportunity to employment. Your peers will remember you as their employers ask them if they can qualify a skilled person to fulfill a job opening. This is a part of the red carpet treatment option your engagement with others will produce for you. That historical saying that suggest you treat others the way that you want to be treated will prove to be true in this capacity.</p>
<p>There are a number of opportunities to really take a hard look at how the experience is shaping your character. This is the most important part of your education; and where the real work truly lies. It speaks directly to the success of your career and the type of lifestyle you will create for yourself. While it&#8217;s wonderful to be liked and remembered by your peers the priority of the matter is your own appreciation for who you truly are and what you bring to the table. Be sure that the reflection staring back at you while you&#8217;re brushing your teeth is someone you respect.</p>
<p>It is natural to ponder the thought of having made the right career path choices. It is also common to give yourself full authority to reconsider if your plan does not pan out to support you happiness. As a first rule of thumb always consider you emotional state over all else. There is a life experience to be had and your passion for it will keep the nature of your work exciting.</p>
<p>At the end of the day everyone wants the same thing. They all want to be assured that everything is going to be alright. Everything that it took to get to this point will undoubtedly benefit your future and it only depends on what you will allow the experience to mean to you. Go ahead and cry its graduation time &#8211; tears of relief and joy are very practical.</p>
<p>Did you find this article helpful? <a href="http://graduation.futuresyours.com/">Its graduation time</a> and we can help with your future! It&#8217;s easy to get more information and details about your options when you visit http://graduation.futuresyours.com/ online today!</p>


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		<title>What is Backtesting? (Part II)</title>
		<link>http://www.econologics.com.au/currency-trading/what-is-backtesting-part-ii/</link>
		<comments>http://www.econologics.com.au/currency-trading/what-is-backtesting-part-ii/#comments</comments>
		<pubDate>Thu, 12 Nov 2009 16:17:47 +0000</pubDate>
		<dc:creator>Ahmad Hassam</dc:creator>
				<category><![CDATA[CFD Education]]></category>
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		<description><![CDATA[The second method of Backtesting is performed manually and visually by the trader. The trader would take the historical data and scroll back in time on a chart and manually apply the trading strategy as if it was in a real time environment.]]></description>
			<content:encoded><![CDATA[<p>The second method of Backtesting is performed manually and visually by the trader. The trader would take the historical data and scroll back in time on a chart and manually apply the trading strategy as if it was in a real time environment.</p>
<p>One of the major drawbacks with manual Backtesting is hindsight. How to eliminate the hindsight factor while doing manual Backtesting? The trader would advance the chart bar by bar in order to refrain from seeing price action subsequent to the trade at hand. This eliminates trading in hindsight that is detrimental to an objective backtest.</p>
<p>The major disadvantage of Backtesting as compared to automated testing is the significant potential for human error in executing simulated trades and recording performance results. Manual Backtesting is complicated and difficult. It requires a lot of patience on part of the trader.</p>
<p>Additionally the normal range of human emotions and biases that often interfere with actual trading can be a detrimental factor in achieving objective backtest results. Furthermore, it takes a great deal of work and discipline to simulate trades manually over a large data set without straying from the strict rules of the trading strategy.</p>
<p>However, Backtesting manually can provide the trader with the real feel for actually trading the strategy. This provides valuable trading experience although simulated but still a valuable trading experience that no automated backtest could possibly provide.</p>
<p>No matter whether you do Backtesting manually or automatically, Backtesting can save traders a great deal of time and money that might otherwise had been wasted on trading unprofitable strategies. Backtesting whether done manually or automatically can be one of the most important elements of building a solid trading strategy. Backtesting is now an important element of testing a trading system performance.</p>
<p>Any mechanical trading system can be backtested. This leads us to the important question of autotrading. Autotrading is the latest fad especially in forex where the number of major currency pairs is only six and this makes programming autotrading easy. These autotrading systems are popularly known as Expert Advisors or Forex Robots.</p>
<p>In contrast, stock autotrading systems can be big more complicated. The US Stock Market has got more than 50,000 stocks listed with them as compared to the forex market where there are not more than six major currency pairs. This makes programming a stock trading robot a bit complicated. However, during the past decade major breakthrough in computer programming has been made.</p>
<p>Big institutions like banks, corporations and hedge funds have always been taking benefit of these autotrading systems. Backtesting is one of the most important components of testing an autotrading system.</p>
<p>So what type of trading strategies can be backtested and autotraded? Any trading strategy that is rule based and is not discretionary or discrete. These types of strategies are primarily technical in nature, and they must necessarily have rules and criteria that are unambiguous. Backtesting and autotrading are two important components of implementing trading strategies that generally do not rely upon the trader&#8217;s judgments or discretion.</p>
<p>Backtesting gives you the benefit of testing your trading system on a large historical dataset. Backtesting allows the trader to determine if a given strategy would have been profitable using past price data, which is an indication of how it might potentially perform in the future. In contrast, autotrading actually executes real trades automatically according to a pre &#8211; programmed set of instructions that sets trade entries, stop losses, and profit limits.</p>
<p>Mr. Ahmad Hassam has done Masters from Harvard University. Try This Cash Printing <a href="http://www.ninjatraderblog.com/trading/2009/09/forex-signal-service/">Forex Signal</a> Service From Heaven! First practice on your <a href="http://www.ninjatraderblog.com/trading/2009/10/forex-demo-account/">Forex Demo</a> Account! Click here to get your own <a href="http://www.uberarticles.com/home.php?id=1195099&amp;p=32514">unique version of this article</a> with free reprint rights.</p>


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