Forex Video: Trading with the Trend

In this video, Jason Stapleton talked about the importance of looking at the big picture, finding the trend, and then trading with the trend. More importantly, he also taught us how to identify good risk-to-reward ratio in order to make this trading opportunity worthwhile.

As I have mentioned before, you won’t be able to win every single trade. All you have to do, is to make sure that you win more than you lose, and you will naturally come out as a great winner in the long run.

Forex Tester 3: How Backtesting Strategies Saved my Trading Career

Forex Tester 3 saved my money

Hey traders, this post is a review on the software, Forex Tester 3, that I use everyday for my strategy back testing. If you would like to have a free trial you can get it here.

Lots of people who are struggling with their trading methods for a long time are looking for help on how they can start taking Forex trading as a serious business and quantify their results. I started this blog to help you get to the next stage of being a professional trader who finally Continue reading “Forex Tester 3: How Backtesting Strategies Saved my Trading Career”

Trading Without Stop Loss?

Hi traders, in the past weeks I spoke with some friends and a lot of them are talking about stop losses and the possibility of trading without stop loss.

Well, I wouldn’t encourage you to do that, as I personally is a firm believer of using stop loss to limit my risk exposures. Today I will show you a simple way of Continue reading “Trading Without Stop Loss?”

Bollinger Bands reversal with high accuracy

What are Bollinger Bands reversal patterns?

Hi traders, in this article, I will feature a few of the Bollinger Bands reversal patterns that I personally use very often in my trading. These are valuable trading ideas that you can incorporate into your own trading strategies.

Before I jump into details, let me say this…

I always encourage traders Continue reading “Bollinger Bands reversal with high accuracy”

Forex Strategy reviewed #1: Simple balanced system

Hey guys, today I will do a Forex strategy review on a popular strategy found on the internet. It’s called the “Simple Balanced System” posted in one of the more popular Forex strategy website. Is it really that simple? Is the strategy profitable? I’ll get you the answer soon!

Before we start, let me explain how I evaluate a trading Continue reading “Forex Strategy reviewed #1: Simple balanced system”

Why is back testing so important?

An old friend of mine once told me that back testing is not necessary. This is because past results may not represent future performance. To me, that was simply an excuse given by lazy traders who aren’t serious about improving their own trading business.

To a certain extent, I do agree that successful back-testing results do not 100% guarantee success in your live trading. Maybe 90% to 95%? But that is about the closest you can get, to have any form of basic profiling of your trading method and strategy. Continue reading “Why is back testing so important?”

Forex Myth Busting

 

Many new traders started trading Forex with the wrong foot due to the very wrong education in the early stage of their learning curve. Don’t believe me?

Just type in “Forex” in your google bar and you will get tons of website offering you strategies or even signal services.

These websites attempt to paint very beautiful pictures about how easy it is to make money by trading Forex. However, saying is one thing, but proving it is another.

Here at Forex Seriously, I not only tell you, but I’ll prove it to you. One of my aims for this blog is to help traders identify bad strategies by back testing through years of data. And I do all this for free. Continue reading “Forex Myth Busting”

Why 90% of new Forex traders fail?

Hey traders, welcome to the first post of this entire website. Before we begin, let me start by apologizing that I have to start the website with such a gloomy topic, like why Forex traders fail.

But that is the principle of Forex Seriously. I tell you the hard truth for free. You will not find any false hope here, I promise.

As you probably already know… Researches showed that 90% of new traders fail in this business; therefore by writing on this topic first, I will be able to help more people!

Let me touch on a few points, and I’ll add more as we go along.

Continue reading “Why 90% of new Forex traders fail?”