Focus on the long-term. Calculate returns and review your trading performance once per quarter or once per year. Checking returns daily or weekly just becomes frustrating and leads to emotional trading. Trading is about getting rich slowly. Analysing performance on a daily or weekly basis is irrational and can be soul destroying.
Hi guys! Just published my very first educational post, I hope you will like it! This is a trade which I took yesterday and I thought it would be interesting to "dissect" it into 4 steps in order to understand why and when is the "best" moment to buy and/or to sell. I have incorporated the explanations in my chart. Please note that this is an "ideal" trade and...
It is good idea to compare instruments to get a deeper insight into potential big moves. In this 3 min tutorial I show how to create four scales on the right of the chart for four instruments. To add instruments you use the compare button. Then us a drop down arrow on the instrument at top left to find Pin to scale.