If you’re considering getting into forex trading, there are a few things you should do before you jump in. First, you should understand what forex trading is all about. Then, you need to learn about risk management and technical analysis. Finally, you should follow a trend. Learn about forex trading There exist a number of […]
Experimenting and Evolving with Your Trading Strategy Through Backtesting
One of the key aspects of trading is to experiment with your strategy, but how do you go about doing this? This article discusses four important steps to take: Test it until you don’t want to test it anymore, Backtest it, Adapt it and Document your results. Listed below are these steps: Test it until […]
Backtesting Mistakes That Beginner Traders Make
In trading, it’s important to use relevant information to design a strategy. While it’s easy to confuse relevant information with information that hasn’t been released yet, it is crucial to keep relevant information in mind when backtesting a strategy. For example, quarterly earnings reports are released, as is unemployment data, so you need to take […]
Have You Ever Heard of a No-Loss Forex Trading Strategy?
One of the best no-loss forex trading strategies is to always double your trade size. The same rule applies to selling. If you lose on a buy position, double the size of the next trade, and enter another one. Even if you lose again on a sell position, you will have gained more than you […]
The Primary Steps to Become a Professional Trader
Once you’ve mastered the basics of trading, you can consider joining a trader’s club, taking a course, or even getting a degree in finance. But what if your system doesn’t make a difference? How can you turn a simple moving average into a profitable trader? Hopefully, one of these steps will help you get started […]