About this site
There are quite a lot of Forex trading strategies online for sale, but profound tests on them, are pretty scarce. Also, 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 these strategies on this site. Hence the name of this website Testlabfx for the first reason.
Another reason to call it a ‘lab’ is because of the similarities modern Forex trading has with medieval alchemy, and the great lessons alchemy can teach (see the text below).
PS. This new site Testlabfx was formerly known as Focorex.com, and all reviews on Focorex have been moved to this site.
What Forex traders can learn from alchemists
A working strategy is not enough to become successful in Forex trading. Getting the proper trading mindset is of essential importance too. In that sense successful Forex trading might not differ much from real medieval alchemy.
The main goal of medieval alchemists, who attempted to transform base metals into gold, was not to get wealthy. Their goal was solely to purify their souls. The real gold that appeared, was being produced as a result of their purified souls, not because of the proper execution of the work. And it was just a by-product.
Charlatan alchemists whose main goal was to produce gold, just for getting gold, misunderstood this work. Their purpose was not to purify their own souls, but to get wealthy. Their souls remained ‘unclean’, and so they failed in producing gold as well. The substance in their vessel remained a worthless mess.
The lesson a Forex trader can learn from the alchemist is simple. Don’t focus on money. If you do that, you will fail. Focus on developing that golden trading mindset instead, and the profits will eventually come, as a by-product.
There is no holy grail trading system. The holy grail is in yourself. And you can build it with the right intention. It won’t be easy, it is hard work and success is not guaranteed. But if you trade like a charlatan alchemist, with the intention of getting rich only, then you can be sure that you won’t succeed.
What is Forex trading?
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.
But the good thing is that all this practicing can be done risk free with virtual money on a demo-account. A lot of traders first wait till they are successful on a demo, before they start trading ‘live’ with real money.
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.