Month: April 2017
How to create a new forex trading strategy
When people are looking for a new forex trading strategy, what they really want to know is:
- How do I create a strategy that works?
- How do I develop the confidence to trade a strategy I believe in?
The first question almost goes without saying. Without a working strategy, there’s no use in attempting to trade in a consistent and profitable way. The second question, however, is more subtle. My opinion is that if you have a working strategy but don’t have a deeply rooted belief that you can trade this strategy, you will fail.
Confidence in a strategy will make or break your results.
Fortunately, there is an answer to both questions: testing.
Before I ever use a strategy, I will have tested it for weeks. For months. It’s not an extremely difficult process, but it does involve a lot of work. During the years, I’ve tested 100’s of strategies. Most of them failed. Some of them, I could make work. The best ones, I’m trading today. Here are the steps involved to make it happen.
The 10 step game plan for forex trading success
Trading is the hardest way to make easy money.
I love this quote.
If trading was easy, everyone would be doing it.
On Working Hard
Before I explain in detail how you could become a successful forex trader, check out this epic quote from world-class MMA fighter Conor McGregor:
Let that sink in for a moment. I’ll wait.
