I'm a long time lurker of all Nigeriaforextrading.com but finally took the plunge to create an account and participate. There's not a lot of quantitative talk to the message boards, more centered around chart analysis so never felt I would be any aid.
I believe myself a Quantitative Trader and have been doing that type of trading for approximately 7 decades. (Prior to that I was chart based and did that off and on for approximately 11 years)
A lot of individuals believe Quantitative analysis involves computer programming, sophistied back-testing appliions, complied formulas, etc. but in reality, it can be accomplished with Microsoft Excel and historical data. Those two things along with a knowledge of Excel will help anybody test theories/ideas and determine how those concepts have held up for periods of time.
What is trading according to investopedia.com
Forex trading is made up of trading egies based on quantitative analysis, which rely on mathematical computations and number crunching to identify trading opportunities.
I don't want to make a long time of a first article but do want to pay a few goals I have for my diary.
#1 Give up some alternative ways to exchange that I believe are somewhat more clear and succinct
#2 Share some alternative portfolio/trading analysis over what's revealed from the Nigeriaforextrading commerce report analysis
#3 Share ideas and thoughts that got me to the point I'm in my trading now (basically what I have found over the last 7 years)
#4 Display how easy it's to use excel for those who have not even opened up the appliion on their pc
#5 Showing just how keeping it simple is the majority of the time the best route. Complex of a system in the world for the person is a recipe for disaster in my view. The very complied procedures of the big Quant firms, such as Renaissance Technologies, are being developed and preserved by the best of the top PhDs from MIT, Princeton, etc.. Know your own limitations.
What you won't receive from me
#1 Great Excel abilities - I maintain my excel sheets simple and idiot proof. The minutes I tried to get overly complied with my formulas were the minutes I screwed up my trading
#2 Programming - Can't do it. Tried to learn it. Wasted two weeks of my entire life when I could have dedied it to analyzing Excel sheets.
#3 Great Statistical skills. The threads here I have been drawn to in the past all have been driven. My level of comprehension is much lower than a number of the smart people here who use analytics although I use statistics.
Hope everybody has a great trading day