Forex - Favorite Posts Forex Crunch. How, specifically, do you make money in forex? And for those trades where SL is moved to BE, it is moved once price has reached another price zone. Now let the trading begun. By the same logic, we should avoid those pairs as well.
Jan 06, · Hi Guys, I am new to this forum but thought I would post a template of my trading journal I have just made because after searching the net I couldn't find one that exactly fitted my needs so I made this one. It may stil.
All in all, MeetPips is well designed, very intuitive and quite fun. They take an important educative role and help traders become more disciplined. Their community features are excellent. The big disadvantage is that anyone can say anything there. The community may be well connected to each other, but disconnected from real accounts. This is an advantage that Currensee has. That would take forex social media one big step forward.
After taking a short course about forex. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. I have a B. Given this background, forex software has a relatively bigger share in the posts.
Forex - Favorite Posts Forex Crunch. Bounce is good, but how far? Support and rally; Long term: Barrier and crash Ethereum price analysis: En route to the all-time-high. MeetPips Review MeetPips definitely makes it easier to manage a trading journal. MeetPips questions — click to enlarge. Creating a trade on MeetPips — click to enlarge The interface for recording a trade is very nice, including a trade management section which asks about the reaction to the outcome and about your feeling at the moment.
Conclusions All in all, MeetPips is well designed, very intuitive and quite fun. Get the 5 most predictable currency pairs. Hugh Kimura on Dec 23, I agree that Curensee is better in that it tracks real live trades. I checked out MeetPips too and i see some major flaws. Basically, this is how much your account is up or down at any given time minus to costs to trade.
Win percentage is the total number of wins divided by the total number of trades. What percent of the time do you win trades? Loss percentage is the total number of losses divided by the total number of trades.
What percent of the time do you lose trades? This is not necessary to do, but if you do have an abnormally large win in relation to your other wins, then taking it out will provide a more accurate look and expectations to your stats. This is not necessary to do, but if you do have an abnormally large loss in relation to your other losses, then taking it out will provide a more accurate look and expectations to your stats.
The average gain per winning trade is computed by dividing the total gain from all your winning trades divided by the number of winning trades. The average loss per losing trade is your total loss from all your losing trades divided by the total number of losing trades. The average holding time per trade is calculated by dividing your total holding time for all your trades by the number of trades. This stat helps in determining your max drawdown, or the worse possible scenario you have experienced so far.
This can be computed by multiplying the loss percentage by the average loss and subtracting it from the win percentage times the average win. This stat helps you determine the correct position size and how profitable your trading method is.
School of Pipsology
While your bottom line (total profit or loss) can easily tell you your overall trading performance, keeping statistics is a great way to find out what parts of your trading system are keeping you from running like a finely tuned race car instead of a junkyard clunker. Learn forex trading with training and education at nazokblog.tk's School of Pipsology. BabyPips. The beginner's guide to FX trading. Are you new to trading forex? The School of Pipsology is our free online course that helps beginners learn how to trade forex. create a trading system and maintain a trading journal. Start Course. Your. Nov 25, · LINKS: PERFORMANCE: MYFXBOOK, TRADE EXPOLORER. ABOUT: I entered forex trading about 10 years ago. US brokers used to be a good bunch back then, FXCM used to offer MAM accounts run by their internal team (it lost money, was closed and all records were later removed from their site), MBTRADING use to offer forex .