Sunday, 15 May 2016

TRADING PSYCHOLOGY - POWER OF BACKTESTING

Happy weekend everyone!

Time to share my experience with back-testing and how it improves my trading.

During my first days of trading, I always here the back-testing, I have no idea how important it is in my trading.

I'm totally out of path to success, I want a 100% system that if I apply today I will see immediate results.

Then I realize that's why I'm jumping from one system to another because I don't trust my system, and I always hop to another one.

Back-testing removed my "hopping system" from my trading career.

I just stick to one system and back-tested it for a year, and and forward testing adds more confidence on how I trade this system.

That's the power of back testing, it will show you that a system is winning and losing but in the end it will give you a positive return.
Back-testing removes the emotion on trading, if still in doubt forward-testing eliminates all the emotional hindrance in trading.

I'm happy slowly slowly I'm getting there.

I will publish all my report and performance in this blog.

I want to inspire other people who are struggling as a forex trader on how to do this business properly.

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