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Is there forex software to easily allow me to track my trading progress?

Monday, 14th September 2009

Once I have been trading for a while how will I be able to measure and refine my strategy? Is there a forex software out there that can track and organize my trades into easy to follow and work with reports?
 





Lea
You have two different questions here to address. One is measuring the success of a strategy you are using and refining it. Well, that will most definitely be reflected int the % capital growth of your account equity now, wouldn't it? If the growth is not there, you will definitely need to "refine" your strategy, LOL.

On the serious note, keeping track of your trading progress is very important as well, and I can provide you with a "tool" that will make it easier and more efficient. It is a calculator spread sheet. You can plug in all your numbers (e.g. account total, goal of number of pips per trading day, amount of capital at risk, and so forth). And you will have everything projected for you! It's majick!

The calculator is in excel format.
Here is the link to download it:
Download
Tuesday, 15th September 2009

Sources:
Www.fxuniversity.org

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