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How to keep organized trading forex?

mcsuperb
Nov 10 2016 at 08:18
4 příspěvků
I set up the separate layout (or its called workspace on tradestation) for each currency, say Major Pairs, EUR cross Pairs, AUD cross pairs etc. Each layout including 6-7 charts of pairing. At the same time, there's overlapping for each layout, say EUR/USD is in major pairs and also in cross pairs.

So every day I pair up the overlap of weekly and daily Strongest 3 and weakest 3 to decide buy or sell. Any those pairs may appear on all different layouts at the same time...

I made some money, but I have a hard time keeping organized. How do you guys keep your potential trades, current trades etc organized?


janettte
Nov 21 2016 at 15:54
30 příspěvků
I think a good way of keeping your trades organised is by adding your account to MFB and checking the stats regularly. A dashboard that is similar to the one provided here could be very helpful for everyone 😄 Not sure if there are other website or applications that run similar stats for an account. If someone can share it could be great.

Duncan (holdend)
Nov 22 2016 at 11:21
41 příspěvků
I set alerts for my trades and when the price or the spread reaches certain level I get notified to miss a thing.

Tiffany (TiffanyK)
Nov 22 2016 at 15:11
427 příspěvků
Setting alerts can be helpful, but I haven’t yet heard of an application that keeps your trades organized. Maybe the solution will be if YOU become more organized and then you will find a way to apply it in trading. 😀

Accept the loss as experience
LLewis
Nov 28 2016 at 15:27
35 příspěvků
TiffanyK posted:
Setting alerts can be helpful, but I haven’t yet heard of an application that keeps your trades organized. Maybe the solution will be if YOU become more organized and then you will find a way to apply it in trading. 😀


Good point TiffanyK! To be more organised, one needs to start with his own mind! 😄

Once a trader, always a trader!
olivia_jones
Dec 01 2016 at 12:44
24 příspěvků
Well I feel the easiest and obvious ways to organize your forex trading is to maintain a special trading journal. Looking into the journal regularly and setting up alerts can actually improve your trading results too. You can maintain a trade journal in the form of excel or a log book. However many trading

Gabriel (GFernandez78)
Dec 04 2016 at 07:52
35 příspěvků
olivia_jones posted:
Well I feel the easiest and obvious ways to organize your forex trading is to maintain a special trading journal. Looking into the journal regularly and setting up alerts can actually improve your trading results too. You can maintain a trade journal in the form of excel or a log book. However many trading


Please finish your thought as it seems cut in half at the end. I am interested to hear your complete opinion on the topic 😄 'Many trading...'?

Trading is like football - if you don't practice you can't win the game!
Janeo
Dec 04 2016 at 09:09
18 příspěvků
To keep your Forex trading organized, you must CONFIDENT enough for your trading strategy. And that strategy should be formed technical as well as fundamentals Always stay aware about the fundamentals. If you are a day trader you will be obviously in touch and will know how those events takes it around.
You should also have your own dashboard where you will have separate chart windows for the major instruments you trade in. The match should be made on the basis of the correlation of one currency to other so that you can take advantage out of it.

Statistical traders should keep their spreadsheets and their Statistical software like gretl and STATA active to measure the currency coefficient and other parameters.
Also one should go with certain amount of risk and reward ratio fixed, until and unless you are aware of the fundamental affect on the market. And always remember, if your find that your strategy is not working as per direction, but you are confident about it from all aspects. It is surely going to work in very near future. PS : You may need extra margin in that case.



Alexandre (AlGauthier)
Dec 05 2016 at 16:18
35 příspěvků
Janeo posted:
You should also have your own dashboard where you will have separate chart windows for the major instruments you trade in. The match should be made on the basis of the correlation of one currency to other so that you can take advantage out of it.


I am wondering if there is a good tool for free to create dashboards in excel or maybe some online spreadsheets tool. I like the idea about the dashboards as it gives a good overview at a glance.

@mcsuperb I would add that taking notes if some new ideas are coming into your mind could be useful, not to push your brain to memorise a lot of information. As you see the markets moving and evaluating your performance, you may note some useful points and develop them further on a later stage.

Torsten (tormess)
Dec 07 2016 at 07:13
52 příspěvků
@AlGauthier Dashboard tool for excel? That would be something really great to have! 😄

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