As you probably keep hearing over and over, a key factor in making your long-term trading successful is proper money management, which in essence outlines how much you should risk each time you take a position in the market. There are several trading books that recommend not risking more than 1% of your account balance, and a recent study of tra...
When to exit your trade is actually something of a controversial subject. There are some traders who insist that stop losses are there to be used - you should let your trade stop out if it's not going the right way. Other traders are just as adamant about preventing losses by stopping out early - they say you should, of course, have a stop loss,...
A phenomenon that a lot of traders notice - and you might have seen it yourself - is that when they increase the size of their trades, their strategy seems to stop working. For some, even just switching from their demo account to their live account, and using the exact same strategy, will lead to making mess money. This might lead a few of them ...
With such a huge focus on the World Cup at the moment and so many people hotly debating which side will win and who has been the best player... I've been thinking a lot about what it takes to make it as a professional football player and whether these attributes would help someone become successful in the world of Forex trading. While the two...
In our last article looking at what to do when the markets are closed, we addressed top websites to keep you up to date with the latest news and trends in the forex world. Today though, we're looking at getting out and about rather than sitting behind your screens! Technological advancements have made trading an activity that can be done from...
It's normal for trades to end positively and negatively. No one has a perfect track record in predicting the market, and every consistently profitable trader will have regular losses. As a general rule, it's not these routine losses that will hurt your trading. It's the big losses that will get you. The thing about these big losses is that the...
The martingale strategy is an old betting strategy that's largely gone the way of powdered wigs and horse-drawn carriages. However, it's worth a mention because different incarnations of it keep resurfacing among people trying to impress novice traders. The reason that the strategy can't seem to die is because it sounds quite intuitive when firs...
According to the results of a study conducted on over 43 million trades worldwide from Q2 2014 through to Q1 2015, across the 15 most popular currency pairs; more than 50% of traders made money most of the time and closed out at a gain. On the other hand, despite accurate analysis, recent research also reveals that 99.6% retail forex traders ...
Following our first installment of the Trader's Guide to Backtesting: Part 1, we'll be delving into backtesting optimisation and curve fitting, out of sample data and optimal optimisation in Part 2 of the series. Optimization & Curve Fitting Once you have verified the quality of the data that your backtest is modelled on, you can run your ...
Backtesting: To Test or not To Test? One of the key elements which determines whether a trader will become a consistently profitable market participant or join the swollen ranks of losing retail traders, is the individual’s ability to execute a 'rules based technical trading strategy'. The professional trader defines a specific rule set which a...
Trading CFDs Involves high risk of loss
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