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8 key figures to check if your trading system is profitable

If you are backtesting your trading strategy you need some key figures to determine if your system is profitable or not. It doesn’t matter if you are testing a manual strategy or an automatic system. You need at least these eight key figures before you are going live and risk your money.

Finding a name for a company or a product

For my next business I needed a name which is not already in use, where all domain names are free to register and which is under 100,000 search results on google. Also the name should be easy to remember and to speak. So the name should not be longer than 15 characters. Ah, and don’t forget the social media handles for twitter, facebook, instagram and youtube. I am looking only for .de and .com top level domains.

Calculate Forex Position and Margin requirements

If you go for manual forex trading you need to calculate the correct position size. The position size and margin requirement depends on your risk and money management and needs to be calculated for every trade again.