Forward and Backtesting of Trading Strategies

In this video on Forward and Backtesting of Trading Strategies, we have discussed the importance of forward and backtesting. Forward testing or backtesting is essential as it increases the success rate of a strategy. The backtesting is the SWOT of the strategy. However, the backtesting is not working and the solution is forward testing. Forward testing is real-time testing of a strategy in live data. It is a form of paper trading and more realistic compared to backtesting

The following 4 questions are answered in this video

1. What is forward testing?
2. How do we do forward testing?
3. What are the key metrics to track forward testing?
4. What are the drawbacks of backtesting and forward testing?