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• Archive: This time I’d like to talk you about an ebook (PDF format) titles “The Art Of Forex Portfolio” that I had the chance to read the first time more than one year ago.
• The content now has been updated and I had the chance to re-read it lately.The ebook is quite an easy reading, but also very practical and so I’m sure that those of you that want to learn how to build a portfolio will surely find it very useful.The book is dividide into a few chapters (15):Chapter 1 is an overview of the book and presentation of the authors.Chapter 2 is an introduction to Forex and a briefly to MT4 and ZuluTrade platform.Chapter 3 introduces a few basic concepts like risk/reward and divesificationChapter 4 is dedicated to analyzing and classify the diffent trading strategies (short term, medium-long term, grid trading and miscellaneous)Chapter 5 explaing how to select the strategies to be putted in our portfolio based on the type of strategy, the timeframe that they use and the currency pair that they work on (analyzing a little the concept of correlations between them).Chapter 6 is dedicated to the explainantion of the long process of portfolio testing and otpimization.
• WIth MT4 things are not easy as we can’t backtest/optimize EAs on multiple pairs so here are also explained a few tricks that can be used to have then a “global” porfolio analysis.Chapter 7 shows in what MT5 will be better than MT4 and what we can do with it that we actually can’t with MT4. MT5 infact has a more advanced “portfolio” approach.Chapter 8 is probably one of the most important ones and is dedicated to portfolio balancing.
• It explains how to control risk and equity curves so that our portfolio gives the smoothest possible equity line.
• It’ll also analyze the “compatibility” of strategies based on the graphical look of their equity lines. A note about that: with experiece you’ll learn tha the equity line gives you a LOT of informations about the strategy behind it.