ilmscore | This May Be The LAST Forex Video You Ever Need... (LOSING TRADERS MUST WATCH THIS!)

This May Be The LAST Forex Video You Ever Need... (LOSING TRADERS MUST WATCH THIS!)

Published: 2020-12-31
Status: Available | Analyzed

Predictions from this Video

Total: 10
Correct: 0
Incorrect: 0
Pending: 10
Unrated: 0
Prediction
Topic
Status
Traders should create a rules-based trading strategy that is easy to follow and has a proven edge in historical data.
"the first thing you need to do is create a strategy that's rules-based easy to follow and proven to give an edge in historic data"
Trading Strategy Development
Pending
Backtesting involves applying a rules-based trading strategy to historical data, specifically the last 100 trades on a currency pair, to assess its past performance.
"literally back testing is nothing more than having that rules-based approach a whole strategy that's rules based looking back in the past 100 trades on a currency pair"
Trading Strategy Testing
Pending
A risk management plan is essential to prevent emotional trading during strategy drawdowns.
"and then create an applicable risk management plan for you so you're not hyper emotional when this strategy inevitably goes through drawdown"
Trading Risk Management
Pending
Successful trading relies on statistical advantage and discipline, rather than emotional decision-making.
"as traders what we're looking for is a statistic advantage we are trading based on statistics not emotion"
Trading Discipline
Pending
A 56% winning percentage and an average reward-to-risk ratio of 1.26 contributed to profitability in 2020.
"we had on average a 56 winning percentage throughout 2020 and on average our risk to reward ratio or reward to risk ratio it's reward to risk not risk to reward"
Trading Strategy Profitability
Pending
The speaker attributes their trading success to the process of creating a trading plan.
"the way i got to this point was through the process of creating a trading plan"
Trading Plan Development
Pending
Accumulating tens of thousands of hours of dedicated work on trading significantly increases the likelihood of becoming profitable.
"when you get to a point that you've spent tens of thousands of hours working on your craft working on trading guess what you will more than likely be profitable"
Trader Experience
Pending
To achieve the best trading year in 2021, traders need to implement the discussed strategies and principles.
"and that's what you need to make sure you're doing in 2021 if you want this to be your best trading year yet"
2021 Trading Goals
Pending
Future videos in early 2021 will focus on the process of building a trading plan.
"i'll have a couple more videos coming out at the beginning of 2021 talking a lot about building a trading plan"
Trading Plan Building
Pending
A holiday sale on all created courses will remain open until midnight on January 1st, 2021.
"we are going to keep the uh holiday sale open until tomorrow until new year so until new year's day at midnight january 1st at midnight at 2021"
Trading Course Sale
Pending