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Forex Dictionary

Trend Breakout

by Miracle Admin

Definition - What does Trend Breakout mean? A trend breakout refers to a movement in a currency pair’s price action

Forex Dictionary

Trend Analysis

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Definition - What does Trend Analysis mean? Trend analysis is the use of technical analysis to try and spot patterns

Forex Dictionary

Trend

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Definition - What does Trend mean? A trend is a continued directional movement in the price of a currency pair.

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Home Forex Terms

Backtesting

Miracle Admin by Miracle Admin
in Forex Terms
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Definition – What does Backtesting mean?

Backtesting is the process of vetting a trading strategy by running it in different scenarios using historical market data. Currency traders use backtesting to see if a strategy would have worked in past markets. If the strategy yields profitable results with past data, then it is more probable that it will succeed in the market.

ForexTerms explains Backtesting

Backtesting is an essential part of creating a trading strategy for technical forex traders. Traders create a strategy with certain rules that define when a trade is entered and exited, and then test it in different markets (data samples) from the past. After backtesting, a trader usually tests the strategy with current market data to see if it maintains the same success rate before taking it live.

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