In this video I go over 1. What is a Trend 2. Components of a trend 3.Types of trends 4. How to identify trends 5. Whats patterns are useful in trend trading
Most new traders tend to focus on how much money can be made on a per trade or month basis. This mainly stems from watching different traders on social media flashing their winning trades. But what’s unknown is their actual capital and some time whether they are actually trading a REAL account. But that’s a different topic for another time.
You don’t necessarily need full blown strategy to start back testing. Because no strategy goes into my real money account before a solid multi year backtest. This is what I did. I hope this will help you come up with a new strategy or tweak your exciting trading strategy. When you start to work on … Read more How I came up with my first Forex Trading Strategy