moonchild
VIP Contributor
Knowing your winning and losing ratio is very important in a former thread I have discussed the importance of a trading plan, this article is like a subsection of the trading plan article, as a trader you need to know how much trades are turning in profits for you, in whatever I do, I like to create a system, so that I can leverage it and replicate it, if you pay attention to your winning trades you will definitely discover a pattern, which can range from maybe a simple strategy or a complex one depending on how you trade.
Understanding winning ratio gives you an unfiltered information on your trading, imagine in 20 trades you won 8 and the 8 that you won bagged you the needed pips and you close the week really profitable, because of this you won't worry about losses at all because the wins outweighs the losses, this might look counter intuitive for anyone looking from the outside.
You can also use other alternatives like using myfxbook, this provides you with pictorial graphs and shows the data in real time, you can sign up for an account is very much free and you will have a private link you can share with other
Understanding winning ratio gives you an unfiltered information on your trading, imagine in 20 trades you won 8 and the 8 that you won bagged you the needed pips and you close the week really profitable, because of this you won't worry about losses at all because the wins outweighs the losses, this might look counter intuitive for anyone looking from the outside.
You can also use other alternatives like using myfxbook, this provides you with pictorial graphs and shows the data in real time, you can sign up for an account is very much free and you will have a private link you can share with other