Trading Like Hedge Fund Managers
Hedge fund managers want to make good money while always keeping on their guard if things go bad, how to get out of a bad position before it really hurts. You as individual investors also want to bet your own hard earned money in the hope of making many pips. Discover the Freedom Forex Formula that build a $34 million forex business from scratch with a simple forex method. Watch this Freedom Forex Formula video that shows a simple FREE forex method that makes 7,913 pips from just one market move. Download this special manuscipt that explains this forex method in step by step detail FREE. Download these Forex Scalping Cheatsheets plus the 10X Scalping System FREE. Master these Forex Charts !
You also need to decide the time frame that you will trade most. You should decide whether you will use the 5 min charts, 30 min charts, 4 hour charts , daily charts etc, and why.
Do you want to hold your position overnight or you are happy as a day trader? If you are in a job, do you have time to trade in the evening or the night and how much time you can spare? What time is best for you?
Now, test drive the forex system by back testing and forward testing. Back testing can be done on Metatrader and other platforms. Forward test your strategies on a demo account.
Ultimately trading is all about developing discipline and controlling emotions. You don’t get this feel in demo trading when you know nothing is at stake.
Now is the time to get intimate with your strategies. There are two main types of trading strategies, one has a high percentage of profitable trades in a number of trades and the other has a high profit factor per trade.
The last step of thinking or trading like a hedge fund manager is self reflection. Often times we become so absorbed with trading that we do not notice the obvious.
Now you also need to take time out to reflect on your trading methods and strategies. You should strive for a certain level of ROI each month .