About this site
There are a lot of Forex trading strategies online for sale.
But profound tests if they really work are pretty scarce. Their sellers usually don’t publish their own results, let alone on myfxbook and with a verified live account.
For this reason I decided to publish my own results with them here on this site. On top of that you will also find some interesting articles about Forex trading and Forex education. Hope this all can be of help in one way or another. Enjoy.
Forex Trading, what is it and how to learn it?
Forex is short for Foreign Exchange which is sometimes even shorter abbreviated to FX. Forex is the currency market and trading Forex is trading currencies in order to make money.
Forex trading is not easy making money. Estimations are that 70-95% of Forex traders lose money, and the majority of beginning Forex traders quit trading within the first 2 years.
Like a pilot cannot learn how to fly by just reading manuals about it, Forex trading cannot be learned from courses only. It can only be learned by doing it in real time. Or in other words: by practicing, practicing and practicing again, and over again, for months maybe years.
It will take some time, but the good news is that it can be learned risk free by practicing with virtual money on a demo-account!
Inspirational: Alchemists, what Forex traders can learn from them
As most experienced traders will know, a working strategy is not enough to become successful in Forex trading.
Focusing on developing the right trading mindset is much more important. And funny, Forex profits seem to come automatically once you have it.
Successful Forex trading does not differ much from medieval alchemy in that sense. Medieval alchemists attempted to transform lead into gold. Their goal was not to get rich however. Their goal was solely to purify their souls. The real gold that appeared in their work, was celebrated as a sign of accomplishing the work. It was only a by-product.
The lesson a Forex trader can learn from the alchemist is simple. Don’t focus on money. Don’t focus on (just) applying a strategy as strictly as possible. Instead, focus on developing that golden trading mindset/soul. The profits will eventually come automatically. They come because you have mastered trading.
There is no holy grail trading system. The holy grail is in yourself.
Greetings, and thanks for visiting TestLabFX. I am Vincent Brug and I have been trading Forex for about 4 years now.
How did I learn? I have done various Forex courses, watched countless hours of YouTube videos, have attended numerous live trading rooms with professional traders.
But most of it I have learned from my own trading experience, and by practicing over and over again.
I have traded many trading systems, and in order to find out the best ones I decided to test them all out. I have published the results on this site.
The tests have been useful for me, and I hope that they can be useful for your trading in one way or another as well.