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How to keep organized trading forex?
Nov 10, 2016 at 08:18
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?
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?
Nov 21, 2016 at 15:54
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.
Uczestnik z Feb 12, 2016
394 postów
Nov 22, 2016 at 15:11
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
Nov 28, 2016 at 15:27
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!
Uczestnik z Sep 15, 2016
24 postów
Dec 01, 2016 at 12:44
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
Uczestnik z Oct 08, 2015
35 postów
Dec 04, 2016 at 07:52
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!
Dec 04, 2016 at 09:09
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.
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.
Uczestnik z Nov 13, 2015
35 postów
Dec 05, 2016 at 16:18
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.
A knight's tale!
Dec 07, 2016 at 07:13
@AlGauthier Dashboard tool for excel? That would be something really great to have! 😄
Dec 07, 2016 at 15:58
I just trade a few instruments and that makes everything well organised. Simple approach but it works for me. I don't use many indicators and start my day reading the latest technical and fundamental analysis to be prepared what to expect.
@mcsuperb Have you already found a good way to stay organised?
@mcsuperb Have you already found a good way to stay organised?
Uczestnik z Mar 25, 2015
70 postów
Dec 08, 2016 at 13:59
I would also add that using cloud services can help you remain organised even on the go. Now with all the mobile devices around us, could be good to have a single point of reference when it comes to strategy and performance, accessible everywhere.
Dec 08, 2016 at 15:20
RichardBills posted:
I would also add that using cloud services can help you remain organised even on the go. Now with all the mobile devices around us, could be good to have a single point of reference when it comes to strategy and performance, accessible everywhere.
That's sounds interesting. Maybe you mean something like Google Spreadsheets for trading journal?
Uczestnik z Dec 08, 2016
19 postów
Dec 09, 2016 at 10:18
There are many programs that can help you with this. both paid and free. Today, you can find a variety of IT companies are developing such programs.
If you do interestno then email me and I will help you in finding and selecting them.
If you do interestno then email me and I will help you in finding and selecting them.
Uczestnik z Oct 08, 2015
35 postów
Dec 14, 2016 at 07:16
Having multiple screens attached to the PC is also helpful to have everything as an overview. It helps monitoring your trades and maybe be more organised as well.
Trading is like football - if you don't practice you can't win the game!
Dec 14, 2016 at 13:43
My personal simple idea is to deposit just as much as it is acceptable for you to lose and stick only to your chosen strategy. Set your mind the way as if you have already lost deposited money and that will help you to keep sober logical thinking which is crucial for trading system developing. of course make sure that your main job is able to pay for your trading habit 😁
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