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When we have a high amount of trades, sometimes it becomes impossible to track of every trade that we make.
At the end of the week, month, quarter, and year, all we care about is the bottom line.
But, the net profit or loss consists of several factors:
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when we open the trade
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what direction, buy/sell
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what were the costs, and so on
In this section, we will try to learn how can we answer this type of question and find the weak Points and Potential for Improvement the bottom line.
Tips & Tricks how to analyze your account
Short Vs Long
which one is better?
By clicking on a pair, we can see the number of trade and performance for each direction, and therefore we can get an indication of which way to trade for the selected pair
The performance on the pair seems not to be the best. Let's understand what this is about and what affects the performance.
The amount of Trades is almost the same in every direction, but you can clearly see that the performance for Sell is not good, and it's best not to trade in that direction.
For Buy Trades, impressive performance.
Forex trading cost and charges
How to increase profit margin?
90% of traders look at net profit, and as long as it is positive, they assume that everything is okay.
But what does net profit consist of? It contains interest rates (Swap) and Commission.
Some pairs have Swap rates very high, and then turn profit trade into a loss. Here we can locate the same cases and see which pair has the lowest costs
EUR
For the Euro currency, you can see that for EURUSD, the costs are very high. The profit margin on this Pair is only 30%. However, the Pair EURNZD, with almost the same volume of trading, has a high-profit margin above 90%. Both Pair have nearly the same gross profit, but net profit remains much higher for the EURNZD.
GBP
When we select GBP Currency, we can see which pairs will be the least profitable because of high costs, like gbpcad and gbpnzd.
AUD
In the Australian currency, the ideal situation can be found. The costs become revenue! Following the positive overnight interest rates on the Pair AUDCHF, Profit margins exceeded the 100%. In this situation, we earn twice.
Time Analysis
Stay Tuned
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