There is more to trading day to make money on high-probability configurations. As a merchant, you have to be prepared to handle various situations that occur unexpectedly and without notice. Their data and their ability to transmit data are two of the most important and often overlooked aspect of negotiation. What would you do if you lost your Internet connection and were in the middle of a trade? What would you do if you had a hard drive crash? These are two questions you need to have answered before starting the negotiation of future serious.
I was trading in July and my broadband connection failed for a trade emini. I'm outta 5 contracts and everything just went silent, do not feed data. The market was volatile last summer and I needed to talk to quick action.
What would you do?
I think the safest bet is to simply call your agent immediately, that's what I did. Also I have a backup dial-created, so that was another option. The point is simple, however, and this point is that I had thought of this possibility, and was prepared to deal with the problem. I even have my number on my speed dial corridor. I was lucky and managed to exit the trade with a small profit, but can you imagine the scope of the consequences if I had not given due consideration to this problem?
I'm not sure there is adequate preparation to lose a broadband connection, while negotiating future contracts. The correct answer is one that works and it is certain that is execution. Cell phones, land lines, Internet connections and alternative are all viable options, but the important thing to remember is that you need to plan ahead for problems. I had thought about this issue several times and thought that one of the real dangers of online commerce is how vulnerable are the problems potential. I had read several articles that describe the horror of sitting on your computer, unable to correct or manage your trade due to its data feed was cut. I think it's important that you have a backup plan to handle an emergency, proof of his plan to make sure it works.
What if your computer stops working?
I have a laptop connected to my computer desktop at any time trade me. If the problem is my computer, I can trust my computer laptop to complete the trade. Of course, I still give my agent a call instead of using my laptop, but I feel more comfortable with two computers. Again, the point is simple, and it is to have a plan in mind before a problem occurs. Give it some serious thought. If you live in the country, make sure that his cell phone has no reception problems potential. If you are using a cable connection for both Internet and your land line, it is likely that your phone will not work if your data feed stops, so a cell phone is indispensable. Just make sure to have a viable plan.
One of the most precious is my experience of past negotiations, which I documented in an Excel spreadsheet very large. I download each day's successes as well. Three times a week I download all my information in an external hard drive.
Why?
Apart from hard disk failure, also the possibility of hackers, viruses, and a lot of malware that threaten your computer. I have a very specialized firewall and have a series of anti-virus and malware running programs to protect myself in case some of these threats. You should too. Your feedback is important to your progression as a merchant, lab is still testing my skills in negotiation, review of past trading days. Protecting data is a function of damage important, so it is important to use some form of data backup system to prevent data loss. External hard drives work well, but there are alternatives Available online backup, too. I recently started using again and I am very satisfied with the results.
The secret to keeping your data and safety equipment is to plan ahead and not let an unexpected and unpleasant turn of events affect their futures trading account. You can not control the wide range of problems that can happen, but it can control the consequences.
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