The goal of every trader is to become consistently profitable. There is no question about this ! However all good traders know that you don’t win every trade. So the question becomes? How do you protect your capital during the drawdowns (Losing streaks) in order to make money when your strategy is working for you. … Read more The 1% Rule
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