I’m Dave, I live in Japan and thank you for visiting my site, it means a lot to me. This site is to help you BUILD your own algorithm to trade successfully.
I want to make sure that everyone who chooses to trade forex, metals and other financial instruments has the best chance at making a living at it. This site has tutorials, tools, and indicators so that you can easily download and start using.
If this site helped you, please donate by buying me a coffee. All of this work means a lot to me and your support motivates me to continue to add more helpful things for all traders to use.
If you have a trading question, buy me a coffee and then shoot me an e-mail with your question and I will answer it.
If you are new to trading then you are probably asking yourself these questions:
Is trading like gambling?
If you are trading using your gut feeling, astrological predictions or quick insights from neighbors, then yes, trading really is like gambling. However, if you are trading while managing your risks and probabilities/tactics, professional trading (the knowledge of which we share here) is much more like science.
Can you lose all your money trading?
By following the methodology shared on this website, there is absolutely no way you will lose all of your money trading. This is because we guide you through the steps of creating a demo account and practicing using the software stimulator. That way, when you are ready to use a live account, at the start of your journey your risk should be as low as 0.25% per trade.
Is learning how to trade worth it?
Learning how to trade professionally is a great investment of your time. After you have invested the time to learn about the financial markets and how to extract money from them effectively, you can essentially work from anywhere in the world and you will never be unemployed. There are not many career fields that offer such opportunities.
How much can I earn as a beginner?
After I had spent time practicing and mastering my short-term trading strategy with simulators and my demo account, I decided to take the plunge and apply a new strategy using a live account. I started with a cautious amount of money and took low risks. After 6 months I earned $5000 USD. This was using one type of strategy to trade – if you were to combine multiple strategies, you could expect to earn much more.
Is trading too complicated for beginners?
Trading can seem overwhelming as there are a variety of strategies, timeframes and types of items to trade. However, I can assure you that strategies will become quickly familiar and eventually repetitive (with some slight variances). Once you have reached that point in learning phase, you can work on mastering the techniques you have chosen.
If this sounds good, then…
Congratulations on your decision to further educate yourself in regards to the financial market and trading professionally. By making this decision you have joined the elite group of individuals who have knowledge that a large percentage of the country do not have. You can rest assured that you are not missing out on financial opportunities that will essentially determine the way you will live the rest of your life.
Some Guidance before starting your algorithm endeavor!
Why I failed at the start.
- I spent time in chat rooms searching for answers. (discord, telegram, & facebook) All these people do not know anything more than you do and successful traders are not in chatrooms.
- I did not back test properly. I left out key details in my back testing that led to inconsistent results. All I wanted to do was get started quickly.
- I did not explore more indicators and back test them properly. Instead of searching for my own indicators I just took some that looked good in different forums and did not compare them well enough against each other.
What happens if you do all of the above? You are going to get poor forward testing results, you will fail your prop firm evaluations, or you will lose money trading your real account.
The correct things to do:
- Thoroughly understand your planned system of trading the No Nonsense Trading Method.
You won’t be able to consistently back test and improve your results if you trade differently each time. You have to do it the same way each time every time.
- Make sure to always include News Avoidance in your back-testing.
If you do not understand how to trade with News Avoidance, teach yourself, this is going to make drastic changes to your trading results. NEVER SKIP THIS!
- Always trade the same way but swap out different indicators and/or settings to improve and see differing results.
To understand if your indicators are performing better when you change them you must trade the same way. I test out the settings and/or indicator with changes across the first 5 pairs over a 5 year period.