Forex Trading Secrets to Success


Posted February 17, 2018 by thiruarasu2515

The problem with most of these automated day trading softwares is that they cannot show you real time data, and have only back tested results.
 
What is the percent of winning trades? You ideally would like to see a system that has consistent winning track record of 70% or more over the course of 10 years or more. If it is less than 10 years you will probably not have enough data to be sure that the system will trade well over the long run.

What is the risk to reward rate? You can actually have a successful system that only wins 40 or 50% of the time provided that they win big enough when they do win. However it can be psychologically difficult to have that many losing trades. As a rule of thumb you want to see a system that has at least a 70% win rate with a 1 to 3 risk to reward ratio. In other words for every dollar that you are risking you want to have a good chance of making $3.

While back testing is important it is not everything and it doesn't always translate to the real world. So if you want to find a forex automated day trading software then be sure and look for one that has real time results with real, not simulated money.

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Issued By thiruarasu
Country India
Categories Banking , Computers
Last Updated February 17, 2018