Backtesting Sucks? Listen To This Advice! | Montreal Forex Trading Vlog
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July 25th, 2017: In this Montreal Forex trading vlog, I spend some more time on backtesting. At the end of the day, I give some advice on why I backtest in the Forex market. Let's make it clear: you cannot, as a Forex trader, be too attached to your trading system. Being able to adapt is essential. Vlog #150.
Interview mentioned with Mike Bellafiore: http://desiretotrade.com/mike-bellafiore
Forex Trader Community (Facebook Group): http://bit.ly/2esoMYj
Song: Erik Lund - One Day In Paradise (Vlog No Copyright Music)
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Video Link: https://youtu.be/Ee2seuXpCRU
// About Me
My name is Etienne Crete (from Montreal, Canada). I'm a swing Forex trader and help aspiring Forex traders develop a trading method that works for them so they can produce income allowing them to live with more freedom.
What you must know: I'm all for trading foreign exchange, but I think freedom is much more important than time spent in front of your computer.
I blog at www.desiretotrade.com and host the Desire To Trade Podcast. I was fed up with the “fake” millionaire traders and the “get-rich-quick-trading guys”. That's why you can expect more free content from me than what other people charge for!
If you truly want to succeed in Forex trading, I believe you need to keep working on yourself so you can improve your strengths, but also your weaknesses. Do not focus solely on what you're good at.
This video expresses my personal opinion only. Forex trading is risky. Make sure you are ready to trade. Even this will not guarantee you positive results. I am not responsible for any losses incurred due to your trading or anything else. I do not recommend any specific trade or action.
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// Check out the Desire To Trade Podcast - Trading Tips & Interviews with Successful Traders: http://bit.ly/2dGNOyQ
For a lot of article and tips that will help you develop Forex trading skills for more freedom: http://www.desiretotrade.com
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I'm like that too! I think discretion is an edge. I can't backtest supports and resistances. However, I wanted a base test to present to investors. I know the live results are going to be a bit different. Thanks for the comment!
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