I always like to borrow methods from one industry (in this quint marketing), and apply it to an unrelated industry (Forex trading). So you stick with it and make your 20% each month.
Improving Forex Trading Systems - Are You Split Testing. Basically, you set up a control by tracking the effectiveness. Your trading plan is easy to follow and consistent...
Then you make ONE small change and see how it. What if one small change increased your profit to 55% per month. Marketers use split testing to test sales copy, ads and just about anything else related to the sales process.
But since you are not trying to make the trading system better by split testing, you'll never make more than 20%. You have a Forex plan that makes you 20% profit every month. But sometimes sticking to your plan means you are leaving a lot of profit on the table. In this article I want to show the power of split testing your Forex trading systems. And the advice is always to have a plan, and stick to it. Having a trading system is essential for becoming a successful Forex trader. |