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Latest news and updates from the Forex Figures blog:
The mantra that 90% of the struggle to become a profitable trader is fought and decided within the trader’s own head has become a persistent cliché within Forex educational literature.
An “out of sample” analysis of the same strategies has now been completed. This analysis looks at the hypothetical performances of the same strategies but over a different time period.
Last week’s piece did include a statistical error, but as often happens with errors if they are discovered in time, it led me to some interesting conclusions which I am going to share with you today.
Last week I wrote about the market phenomena that is the true “holy grail” of the Forex markets. The phenomena is the statistical tendency of market to produce excessive returns, which can be “gamed” profitably by letting winning trades run to large reward to risk multiples, which cutting losing trades short by using relatively tight stop losses.
This is a title that is hard to read or write without smiling. The “holy grail” is the mother of all Forex jokes and cynical constructions.