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Author: by.idun.sophia
EP146A How do I test a forex trading strategy?
Before risking real money, it’s essential to test your forex trading strategy to determine its effectiveness. This process, called backtesting and forward testing, helps you refine your approach and build confidence in your trades. Below are the steps to properly test a forex trading strategy. 1. Define Your Trading Strategy Before testing, ensure your strategy… Read more
EP145C How do I deal with incomplete project plans?
An incomplete project plan can lead to missed deadlines, budget overruns, miscommunication, and project failure. When faced with an unclear or unfinished plan, taking proactive steps to fill the gaps, realign the team, and establish a structured approach is critical. 1. Identify Missing Information The first step is to assess what is incomplete in the… Read more
EP145A Not knowing when to enter or exit trades
Successful forex trading is all about timing—knowing when to enter and exit trades can make the difference between profit and loss. While there’s no foolproof method, traders use a combination of technical analysis, fundamental analysis, and market sentiment to make informed decisions. 1. How to Identify Entry Points A strong entry point is when multiple… Read more
EP144C How do I balance multiple projects simultaneously?
Managing multiple projects at once can be overwhelming, but with the right strategies, you can stay organized, meet deadlines, and maintain quality. Here’s how to effectively juggle multiple projects: 1. Prioritize Projects & Tasks 🔹 Use the Eisenhower Matrix to separate urgent vs. important tasks.🔹 Rank projects by deadlines, complexity, and impact. 🔹 Identify critical… Read more
EP144A What’s the importance of trading psychology in forex trading?
Trading psychology is often overlooked by traders who focus solely on technical indicators and fundamental data. However, even with a solid strategy, a trader’s mindset ultimately determines their success. The ability to manage emotions, stick to a plan, and stay disciplined is what separates profitable traders from those who struggle. The Emotional Challenges of Forex… Read more