Forex Trading Blog « Trading Heroes

How to Calculate Maximum Drawdown in Excel

Learn how to calculate max drawdown in a spreadsheet and find out what this metric tells you in backtesting, forward testing and live trading.

MT5 Pending Order Types Explained

Market orders in MT5 are straightforward. But of you are confused about pending orders, this tutorial will help you out.

How Long Should You Hold a Forex Trade?

There are several things to consider when determining how long to keep your trades open. Learn what they are in this tutorial.

RSI Strategy for Swing Trading: 27 Pairs on Daily Chart

See my complete backtesting results after I tested the RSI Divergence trading strategy on 27 currency pairs. Get the complete strategy too.

5 Steps to a Rule-Based Trading System That Works

Learn if a rule-based trading system is for you and how to create one that matches your personality. Also learn to avoid the common pitfalls with this type of trading.

Do Brokers Hunt Your Stop Losses? No, But Here’s Who Does

Your broker doesn’t run your stop losses. But these traders do. Find out who they are and how you can prevent yourself from being stopped out unnecessarily.

The “Batman” Chart Pattern Explained

Learn how to spot a Batman chart pattern and what it can tell you about where the market is going next.

How Much Money Do You Need to Swing Trade?

Forex is a great market to trade because the requirements to swing trade are actually very low. Learn how low they are and how they compare to other markets.

19 Powerful Positive Affirmations for Traders

Daily positive affirmations can help you become an elite trader. But only if you write them correctly. Learn how to create powerful positive affirmations for trading.