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Monthly gains/loss vote results

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Monthly gains/loss Discussion

ahuruglica (ahuruglica)
Nov 29 2013 at 18:25
852 posts
Hello I would like % monthly gains/loos to be based on equity, not balance.

ahuruglica (ahuruglica)
Nov 30 2013 at 18:45
852 posts
This way newbie traders wont be lured to accounts that keep looses, fund account constantly and it seem like they win, but they don't.

What matters is equity not balance. No one can withdraw balance. I think this way myfxbook will bee more transparent.

MrPatient (MrPatient)
Dec 20 2013 at 05:23
20 posts
@ahuruglica

I would have to respectively disagree with you there.

Myfxbook is already extremely transparent, the wealth of information it provides you on each strategy already allows you separate traders that keep losses from ones that don't. Within a few minutes I can look at any strategy and check it for obvious warning flags that would make it unsuitable or at least warrant further investigation, thanks entirely to the transparent nature of myfxbook analytics.

While I do admit you have a point, newbie traders may not understand or bother to check the statistics on the trade and see what they mean, dumbing down the analytics is not the answer.

What I would like to see instead is more newb forums, with an easy to understand guide. Something along the lines of 'how to quickly assess the suitability of a signal providers trading strategy.'

Myfxbook could definitely take a few pages from the Forex Peace Army website, they have a good setup for new traders,
with plenty of easy to understand beginners articles. (Apologies for the reference moderator, just making a point).

It is definently something that myfxbook could improve on though, being more newb trader friendly.

Patience, above all else.
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