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How do you tell the best forex trading strategy from a terrible one? Andrew Lockwood (from Forex Signals) is here to explain how to evaluate and find the best trading strategy using these simple trading metrics. Just backtesting a forex strategy and looking at its past performance is not enough, you need to measure how it is currently performing by looking at recent data. Only by doing this can you find the best forex trading strategies for your day trading, swing trading, or price action trading! In this video you will learn how to use and measure the profit factor, take profit ratio, expectancy, drawdown, and many more!
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* The information provided in this video is intended for educational purposes only and is not to be construed as investment advice. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. There is a possibility you could sustain losses of some, or all of your initial investment and therefore seek independent financial advice if you have any doubts.
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