For
Forex Trading - Trading Plan
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Recent Predictions
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Pending: 15
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Prediction
Author
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Video
The speaker is releasing a video on a Tuesday due to an exceptional Monday trading performance (417 pips). The key to successful trading is a well-defined trade plan with mastered strategies and the discipline to execute them consistently.
"And I normally do not come out with videos on a Tuesday, but with the Monday that I had, I felt obli..."
Jan 12, 2016
Pending
Thorough strategy testing is essential for determining effective risk management and is a foundational component of a comprehensive trade plan.
"And the reason we have to do all this testing is because without it, you have no clue what your risk..."
Jan 12, 2016
Pending
The significant time investment in backtesting is often overlooked, leading to traders abandoning their plans or failing due to lack of preparation and confidence.
"So, by the end of it, you will probably have hundreds of hours in back testing. And the reason there..."
Jan 12, 2016
Pending
Comprehensive backtesting, including testing multiple targets and stop placements, is necessary to understand risk-reward and can result in hundreds of hours of work.
"So you can understand the risk-to-reward on every trade on average what you'll have. You may want to..."
Jan 12, 2016
Pending
After backtesting and confirming a strategy's profitability and positive expectancy, the subsequent challenge is developing the confidence and discipline to execute it.
"And that's not even the hard part. Once you're done doing that, at this point, you have to have the ..."
Jan 12, 2016
Pending
Successful trading hinges on rigorous strategy testing, involving extensive historical analysis to understand trade outcomes, risk-reward, and optimize targets and stops, a process that can demand hundreds of hours.
"And I will show you exactly how I came up with those 417 pips. But first, I want to explain how impo..."
Jan 12, 2016
Pending
To achieve significant gains like 417 pips, traders must first rigorously test their strategies by analyzing historical data over extended periods (5-15 years), identifying patterns, and meticulously recording trade outcomes (wins, losses, stops, targets) to understand risk-reward and optimize entry/exit points. This extensive backtesting can require hundreds of hours.
"And I will show you exactly how I came up with those 417 pips. But first, I want to explain how impo..."
Jan 12, 2016
Pending
Subscribing to the channel will provide updates on new Forex trading videos covering essential elements like hard work, backtesting, risk management, and money management.
"So, go ahead and subscribe to my channel so that you get updates whenever I come out with any new vi..."
Jan 12, 2016
Pending
Before detailing the specific trades that led to 417 pips, the speaker emphasizes the critical importance of strategy testing, highlighting that this is a common failure point for many traders.
"And I will show you exactly how I came up with those 417 pips. But first, I want to explain how impo..."
Jan 12, 2016
Pending
The speaker had their best trading day since starting with a live account over a year ago, achieving 417 pips in profit on a single Monday.
"So, this Monday was the best day of trading that I've had since I started trading with a live accoun..."
Jan 12, 2016
Pending
The speaker aims to educate viewers by demonstrating that success in trading comes from having a trade plan with mastered strategies and the discipline to execute them consistently.
"And not to brag or to say how good of a trader I am, but only for educational purposes, only to show..."
Jan 12, 2016
Pending
Inadequate backtesting and lack of confidence in strategy are primary reasons traders give up or blow up accounts.
"So by the end of it, you will probably have hundreds of hours in back testing. And the reason there ..."
Jan 12, 2016
Pending
Before detailing specific trades, the speaker emphasizes the critical importance of testing trading strategies in the market.
"And I will show you exactly how I came up with those 417 pips. But first, I want to explain how impo..."
Jan 12, 2016
Pending
The demanding life of a successful trader involves daily strategy testing, followed by developing confidence and discipline to execute profitable strategies with positive expectancy.
"Well, I'm going to tell you guys that's the life of a successful trader. That's the kind of thing yo..."
Jan 12, 2016
Pending
The speaker's best trading day occurred on a specific Monday, achieving 417 pips in profit, which is the most since starting with a live account over a year prior.
"So, this Monday was the best day of trading that I've had since I started trading with a live accoun..."
Jan 12, 2016
Pending