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October 18, 2005
What Would You Rather Do: Read About Someone Else's Forex Success or Experience Your
You can draw some useful parallels between running a business and Forex trading. For instance, most successful businesses keep statistics on everything from their conversion rate, to their average dollar sale, to the number of people that come in the door. Businesses do this to keep on top of how they are doing on a day to day basis and businesses must first take score before begining to improve on that score. Using a Forex back testing plan in your trading works exactly the same way. Now that you're looking at Forex trading as a business, you need to learn some valuable statistics about your system so you can improve it's performance. You would use a Forex back testing method. You can't improve your system unless you have something to measure it against. How could you expect to improve your trading unless you knew what it was you were looking to improve? You can discover these measurements and other valuable information about your trading system, by using a Forex back testing
From What Would You Rather Do: Read About Someone Else's Forex Success or Experience Your
Posted by Lorren at October 18, 2005 11:46 AM
