Let me show you all something that will make you realise how you are tricked into thinking most forex EAs will make you rich. This EA was something I downloaded from one of the top 'forex guru' programmers.Picture 1 shows the backtest results over a 7 year period using the standard MT4 tick data (which doesn't actually give you every tick) provided by the broker. $10k apparently turns into over $660kPicture 2 show the backtest results over the SAME 7 year period using REAL tick by tick data dow

I know how you feel, believe me. You’re more than likely still working the “real” job to pay the bills and put treats in your and your family’s mouths.Forex trading is an after-work (or maybe during work) hobby, and happens if and when you have enough strength to keep your eyes open. You haven’t gained the trading experience to take it full time, but that’s the dream. And a great dream it is.But it seems like the days are getting shorter, and there’s ne

If you want to make money in Forex trading and consistently do so, it’s important to review proven trading methods and techniques on a regular basis.There are always new interpretations or processes to be integrated into your current trading system but maintaining a structured approach to the market is the best way to achieve consistent returns. It is also crucial to have a precise set of rules to control your actions when positions don’t react as expected.These guidelines must be s

Suppose you’ve just experienced a huge losing streak. What will you likely do next? Are you the type of trader who becomes so depressed that you are unable to take clear forex trading signals, or are you the type of trader who’s able to easily shrug it off?No matter how long you have been trading, there is always the risk of experiencing performance anxiety. When things do not go your way, there is a chance that you’ll become overly pessimistic and see the situation as a sign

It’s a common misconception that expertise in a particular field, be it forex trading or sports, is simply an inborn trait that is possessed by an elite few. This line of thinking assumes that either you’re an expert or you’re not, and that there’s no way for you to gain expertise if you’re just not born with it.While it’s true that some individuals are naturally gifted with traits or proficiency in certain fields (ex: height for basketball players or good ey