We have seen the Brexit votum in 2016. That was when I had to learn that brokers can simply change their rules in the middle of the game and forbid to trade certain currency pairs. From time to time things simply do not work as desired. There are some common insights that should work, but forex charts don’t care about common sense.

I remember how it felt to be a discretionary trader when I made my first trading experiences. I was constantly in doubt and fear to lose money by making stupid mistakes. When you are trading on your live account, you would probably not close your account just because it is December. Your broker can change the rules in the middle of the game at any given time.

I would like to trade with certainty. I would love to be sure that progress is made. In MetaTrader5 historical data does not need to be imported. It is automatically downloaded when you start a back test for the first time.

It is possible to set up a back test for eight to ten years or so and then leave the room and have lunch with my wife.

It is easy to test an entry signal with an automated system and you wouldn’t even need to invest five minutes to create a reverse entry.

My computer can calculate and trade entry signals in a split second. If I would try to do all the calculation in my head, I wouldn’t even be able to do a back test for a single year or a single currency pair.

Let’s pretend you need brain surgery. Would you accept somebody who watched a few YouTube videos about that topic as your doctor? No, of course not. I would look for a real doctor who is a specialist.

It is possible to trade very small accounts with currencies. Most brokers support currency trading and you don’t have to watch any financial news for something. So I would recommend to get started with that.

There are people who expect to make steady and regular profits on a monthly basis, like a paycheck. And I used to think that way too. But actually most things do not work that way.

We see what works. We are adults and we are smart enough, right? Wrong. Trading is something that is made to especially work against human nature.

I don’t believe that any currency will produce a 200% raise because of an innovative management like some people do with Tesla stocks.

Navigation is the ability to keep the course of your ship even when it gets difficult, even when the wind blows against you.