How Some Misrepresent Backtesting as Live Trading

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How Some Misrepresent Backtesting as Live Trading

Some individuals may attempt to present backtested results as if they were achieved through live trading. This can be misleading for those who are not familiar with the nuances of trading platforms like TradingView. Here are a few signs to watch out for:

Lack of Real-time Data: Live trading involves real-time data and execution, while backtesting uses historical data. Be wary if someone is showing results without real-time price movements.

Perfect Trade Execution: Backtests often assume perfect trade execution without slippage or delays, which is rare in live trading.


Learning the Technical Parameters of Charts

Before diving into trading, it's essential to understand the technical parameters of charts. Here are some key elements you should familiarize yourself with:

Candlestick Patterns: Learn to read candlestick patterns, which depict price movements over a specific time frame.

Trend Lines: Use trend lines to identify the direction of the market.

Indicators: Familiarize yourself with indicators like moving averages, RSI, and MACD to make informed trading decisions.

Tips for Safe and Effective Trading

Educate Yourself: Start by learning the basics of technical analysis and the tools available on TradingView.