STOP LOSING MONEY - How To Actually WIN Trading Forex

"it is going to take much longer than that unless you're starting with a very very high account balance and you're starting with a very very extreme amount of knowledge about financial markets which is both of those situations are pretty unlikely it's not how I started either and that's the reason it took me years in order to master financial success in these markets"

"Create your money machine back test your money machine create a good risk management plan for your money machine which is your strategy or system and demo trade your money machine"

"this process nonetheless will take 3 to 12 months for you to master and possibly more than 12 months depending on the time you can put forth to it"

"the law of probability states that right here on this specific scenario we have a 60% chance of winning trades let's take it back to trading right this is our 60% chance of winning this is our system if we have that what the law of probability states is that this probability is nearly irrelevant up to 40 instances"

"the law of margin of error indicates that the larger the sample size the closer to the mean the closer to the actual advantage that we really have so what the law of probability states is up to 40 instances this strategy this scenario is going to be close to random for 40 instances until it gets up to about 50 instances that's when you start to see the mean come come back"

"this is why you always hear in back testing that you want to test at least 100 traits personally after reading and studying about this I started testing between 200 and 500 trades per strategy"

"the most we could risk is about 2.2 percent of our total account right that is the most we could risk possible and prepare ourselves for not going to zero in our worst case scenario or exactly zero"

"a real good scenario is that we risk 1% of our account we have 40 in random instances which means that even our worst case scenario is our account drops about 40%"