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Getting the most out of the Forex market.
There are simple to learn, easy to apply tips that could help you achieve big profits consistently. 100% or more annualized is not unreasonable, nor is it unlikely. Here we are going to focus on working smart, not hard to make more money from trading Forex.
Below are some tips to help you get the most out of the HYTechFX trading system. If you follow these simple steps you will increase your odds astronomically. Facts are facts and the numbers do not lie. All you need to do is use them to your advantage!
General Tips:
- Don't get greedy (especially after a big win!).
- Don't over expose yourself to any one trade.
- It is always wise (and easy) to diversify your portfolio.
- Lower your trade frequency. Over time it is more profitable to trade less often!
- Always look at your "strategy portfolio" as "the strategy". Your strategies are on the same team some will win and some will lose.
Creating a more profitable strategy portfolio.
- Open HYTechFX Portfolio Builder.
- Click "Get Strategies" to perform a broad search, or customize the search options to define your criteria.
- Highlight the top 10-15 strategies, or pick and choose the strategies that best match your criteria (such as max drawdown, number of trades etc.)
- Click the Simulate button to do a live run for each strategy, for the desired time period.
- Let the process complete for each strategy (this may take several minutes or longer, depending on the processing power of your computer and the speed at which you connect to the internet).
- When complete, quickly scan over the results to find the best 2 or 3 strategies, delete the rest.
- Activate the best performers and begin trading them.
-This simple approach should be carried out for each currency pair.
-Get into the habit performing this task every week, or every month as you see fit.
-You want to see an relatively smooth equity curve, preferably more biased toward recent activity than distant past.
The most important criteria when selecting the top 2 or 3 strategies is the max. drawdown relative to overall profit. USE THESE NUMBERS TO DETERMINE THE APPROPRIATE TRADE SIZE
Allow yourself realistic room for drawdown and for the law of large numbers to take hold.
You can trade smaller trade sizes and still realize impressive gains. Many HYTechFX strategies have gained 3000-5000 pips in just a few months! Limit your risk - maximize your odds.
Additional tips:
Use the tools available to you! The date selector options (among others) when searching to help determine your risk level.
- Determine your objectives and stick to them.
- Strategies that have performed consistently for a longer period (years) may be considered "less risky".
- Strategies that have performed extremely well lately may be considered higher risk & reward.
Trade a combination of currencies and strategies to diversify. Minimize your risk of loss while maximizing your risk of gains!
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