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You develop a mechanical trading strategy by generating trading ideas to backtest. It requires a clear understanding of the market, coupled with a disciplined approach. The strategy needs to recognize trends quickly and determine how to minimize false signals. Before trading with real money, test the strategy live on a demo account for at least …

Pros and Cons of Mechanical Trading Systems Read More »

The number of days will depend on the option agreement, the currency pair and the banking hours of the underlying currencies. The convention helps the counterparties to understand when payments will be made for each trade. I’m referring to the well-known fact that everyone wants to trade the major currency pairs regardless of what the …

Forex Currency Pairs: Major, Minor, and Exotics Explained Read More »