Followers of No Nonsense Forex know we trade the Daily chart, and we use indicators to make our entries. We also know I personally prefer to trade 20 minutes before the close of the daily candle. Does this mean you have to?
Forex Q&A Podcast
They will happen, and they will happen a lot. How you deal with these ultimately determines your future as a Forex trader.
This is how to backtest an indicator based on the No Nonsense Forex method of trading. This post is a response to all of the questions coming in on how to properly backtest all of the new indicators that listeners of the Forex Q&A Podcast have been discovering.
If you gave yourself a monthly returns goal in Forex trading, you would self-sabotage yourself into the ground. Talking about monthly returns is glamorous and all, but it’s never something a real trader should have. Let’s talk about why in Episode 20 of the Forex Q&A Podcast.
Is the price of oil and/or gold an early indication for what might happen in the CAD or AUD? What about the Nikkei and the USD/JPY? It would be nice to know this in advance, no?
We’ve all thought about it. A robot to do all the work for us? Perfect! But is it worth it?
They exist, they can move wildly, and they can be very lucrative in the right hands I’m sure. But are we better off trading them or not trading them?
Even after Episode 4 of the Forex Q&A Podcast, there are still apparently a lot of people who are hesitant when it comes to trading volatile currency pairs. Is there anything to be afraid of here?
It absolutely is, but only if you understand why.
There is one area of your Forex journal you need to pay attention to more than any other. And I’ll bet you don’t know what it is.