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What are good stats in Forex

SteveHanks
Sep 16 at 19:15
446 posts
Femilas posted:
I think a good statistic is when your percentage starts to rise.

Yes. I agree with you.

SteveHanks
Sep 16 at 19:18
446 posts
Ezereombre posted:
You must know how and when to use stop-losses so as to make the most of your trades.

Proper use of stop loss can reduce the losses.

Unellene
Sep 17 at 10:59
283 posts
I understand that we are talking about a part of the profit? or what?

Dionuste
Sep 25 at 16:04
9 posts
I believe that the best metrics to estimate your trading success is whether you have consistent and predictable profits which you can prognose. If these profits are decent and you can live on them, then your trading is successful.

Kim_Neal
Oct 12 at 19:18
8 posts
I measure success in consistency. I think that the number of percentages is not the most important factor that you should pay attention to while analysing your trading results. I feel that consistency is more important. For example, if you make 5% every month during a year, it is a fantastic results. It signifies that you know the market and your trading strategy is reliable. You can modify your trading strategy if you want to earn more, but from this moment you can be sure about your knowledge of the market.

Treeny
Oct 12 at 19:23
171 posts
10% per month as a good target

Unellene
Oct 17 at 10:36
283 posts
the main thing is to get a plus on deals, even if only insignificant, then there will be a sense of your work

Rachel (REB_FX)
Oct 17 at 16:18
50 posts
posted:
I wanted to create a thread that asked the following questions...

What are good stats in forex?

Are there stat values that show a system still has problems even if it is profitable?

Thank you for your time


A good stat is anything with a + in front of it!

Your second question is not so clear, what do you mean by a system that has problems? Do you mean losses? If so, all systems will have losses, as this part of Forex and must be accepted.

AliaDare
Oct 18 at 01:12
670 posts
SaltaLargo posted:
Risk reward is important but do not place too much importance on it. You also need to identify the right trades so that your win rate is high enough to still make profit

Risk rewards are very important for survival in trading. You can't make a profit with a good strategy if you don't have a good risk ratio.

CraigMcG2020
Oct 18 at 07:00
158 posts
posted:
I wanted to create a thread that asked the following questions...

What are good stats in forex?

Are there stat values that show a system still has problems even if it is profitable?

Thank you for your time


It all depends on how you're trading but in general you want at least 2:1/3:1 on your trades. This gives you room to make sure you are not pressurising yourself for high accuracy. All in all, the strategy you learn will give you the right risk to reward so the 'stats' will be individual to each person. Like i aim for trades 3:1 up but i know ill have 'x' amount of percent accuracy and im fine with that but some may be scalpers and going for 1:1 and want a lot higher accuracy so the stats change per person and per strategy

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