LEARN THE COMPLETE BASICS ON FOREX: http://promos.tradeempowered.com/fx-basics-course/
TAKE THE PROFESSIONAL TRADER TRANSFORMATION COURSE: https://t2t.isrefer.com/go/transformation_info/JG/
ADVANCED PATTERN TRADER COURSE: https://t2t.isrefer.com/go/APT_Info/JG/
CONTELLATION SOFTWARE FOR ADVANCED PATTERN RECOGNITION: https://t2t.isrefer.com/go/constellation_info/JG/
In this video I wanted to walk you through a trade step by step from this mornings live room and show you the importance of a trade plan.
A rule based trade plan is essential for successful trading and the reason most people do not develop one is because they don’t want to do the back testing.
Unfortunately, back testing is the only way you will succeed as not only does it give you all of your expected ROI and valuable information such as your max expected drawdown and max losing trades etc. but it allows you to know the story you are in.
If you are anticipating what’s likely to happen next, you wont let fear and greed get the better of you and you will eventually concentrate on process over outcome.