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You can do several hundred trades with no effort, and that will give you the ability to learn much faster if you are willing to really do it. Ulysses begged for relief when he heard the sound of the sirens. But he was was smart enough to protect himself before the temptation.

The trick is to achieve positive results, even if the trading conditions are bad. Wouldn’t it be a good idea to find out how all these things influence your results? With automated trading, you can do that within a few minutes. With backtesting, you can do a few thousand trades in a very short time and that will give you results that you can believe in. I actually don’t believe that everybody should be a trader, to be honest.

I think that you need to be stubborn as a donkey and that you need to invest time, money and effort to reach the goal. You can pick any entry you want. You don’t have to be right all the time. Because your system depends on probabilities. If you made a buy trade and that produced a loss, you might think that the opposite direction is better, but why?

You might ask yourself: why not increase the position size ten times to make more? Or what about increasing it by 100 times? Now I could make much, much, more. And that is exactly where you are tempted to open the Pandora’s box. The account size often is too big for rookie traders.

They trade for excitement and entertainment, and that might work for some time. A too high risk setting could easily lead to a huge drawdown. And it is better to start with a low risk setting and increase the value later. With the right risk setting, it is possible to make a profit in every trading year. And sometimes you can multiply your account size.

I know that my smartphone is a better navigator than Christopher Columbus. And I know that any ten year old computer is a better trade than me. In real trading, you need to adjust your risk – in a way that will save you and your account. Even in an unpredictable crisis! Nobody would go to the hardware store, buy a ton of bricks and start to build a house without a plan. Do you agree with that? I have seen systems where stop losses are calculated based on moving averages or other indicators.

In some cases, the results look very impressive, because a lot of other entry signals do not produce such a straight equity and balance curve. There is a simple way to prove or disprove if something is a valid improvement. For me, there is absolutely no reason why one shouldn’t start with a small account, because you can always increase your account size later. If somebody would ask you to play Russian roulette for $1 million reward, but you need to pull the trigger 50 times in a row, I would not take the bet. You can trade one or a dozen charts.

You can trade one position at a time or up to 200 positions.

Getting better took a lot of time for me, effort and money, but it was worth it!

I have no experience with crypto or future trading, but if you want to do simple automated forex trading, I might be able to help you. It is possible to trade just one position at a time, and it would also be possible to trade 200 positions at the same time. If you increase your risk setting carefully and your results improve, that is the right thing to do. Automated trading can increase the probabilities for you, but that doesn’t mean that it is bulletproof. You still need to check it on a regular basis.

Some folks are not willing to believe anything unless there is not proof that is similar to a DNA analysis.