Trading is based on probabilities.   If you have a system that has an above average probability of being profitable, you might make profits on the long run.    But sometimes the economy goes downhill like in spring 2020.    That is when you need to adjust your risk setting to the current situation.

  Have you noticed how many people say that they could have told you before that something was going to happen?   I hear that at least once a year when it is time for the taxes.   Something that is obvious today might be less obvious before the fact.   Some people think that

  I think the only reason to open a Forex position is to make a profit.   I have no reasons to buy any currency because of design reasons like most people do with an iPhone.   I don’t believe that any currency will produce a 200 percent raise because of an innovative management like

  Why do you think that there are so many indicators?   If one of these indicators would be able to predict the future, why should anybody trade something else?   And if somebody would be able to see the future, wouldn’t that actually change the future?   For example, if you would absolutely know

  A good trading strategy is something that produces good results.   For me good results are moderate long term profits and low draw downs.   But depending on your own preferences good results might be something different.   There is one question that is asked often and that is the question “How much money

  Do you think the entry signal is the most important thing for a trading system?   And if you think the entry is important, how do you know?   What would be the best possible way to prove or disprove a market advantage?   I think the main problem is that most traders only

  I think fear is one of the most common reasons why people lose money.   Everybody can stick to a strategy when everything works well.   And often that works for a long time, but there will be some point in time where you need to face a crisis situation.   And that is

  I do not watch any trading related news.   I know that some people are really interested in news like payroll announcements, but I have not seen any impact for my systems.   In Germany we have a book about charting, it was written by Michael Voigt and it is called “the great book

  In this video we are going to trade the currency pair USDCAD for the whole year 2019 with an algo trading system that can be downloaded on the website AlgorithmicTradingSystem.com.    The current risk setting is 20.   The entry signal is the Relative Vigor Index oscillator.   We are using an original Metaquotes