Learning Performance Tracking In Forex Trading.

The Forex market is volatile in nature. The movement can most times be unpredicted. You might think it will go up but it goes down and it can go vice-versal. However, people have pitched their tents around it with the hope of earning from it. As a result, price speculations had become the order of the day.

The ability to speculate correctly might not guarantee you success because traders have eventually come to face the reality that speculating correctly doesn’t mean you can predict what your return on capital will be after a certain period of time. You might think you would make 25% profit at the end of a trading month and realize you ended that month in a loss.

You might also project 25% profit and end up with 50% profit which is better than your expectation. You might expect a 25% return and end up with 5%. It goes anyway.

This is why no one can predict the outcome on a trading account at the end of a trading month. Even the banks don’t attempt to do that. As long as it’s a speculative venture, it falls under the world of probabilities.

Note – With this truth established about the reality of the trading and investment world, you should be wary of people that promise a fixed amount at the end of a trading month. Professionals leave it to probability.

However, to ensure you do well in the world of speculations and probabilities, you need to understand that your own performance needs to be monitored. This is necessary because it helps you appreciate when you are doing well and analyze properly when and why your performance drop.

Every business has a track and monitoring performance graphs. 

I'll first show you what a business performance graph looks like before explaining to you what a trading performance tracking is all about. 

Business performance graph looks like the image below.

We can see that they made a profit and grew in sales but the growth was tracked. You can also see that it was a quarterly zig-zag upward movement.

The information derived from this graph can help them know what they did well during the time the graph went up and what might have gone wrong when the graph went down. Sometimes, the reason for the downward performance might not even be an internal factor; it might be a problem of the environment, but performance tracking helps put things in proper perspective.

For a trader, performance tracking helps the mind to keep things in the right perspective at all times. It allows the trader to quickly spot mishaps and make necessary corrections during the trading journey. 

This is what a trading performance tracking looks like:

When traders take on the Forex market, they do so mostly in an unorganized way. They trade the market using more than one strategy. So they end up with a performance result that is scattered. It’s not measurable.

Let me present to you a scenario that explains the benefits of tracking your trade performance.

Let’s assume YOU are our regular Forex trader. What we expect of you like the majority of Forex traders is to trade the market and your account with about 5 different strategies.

While you are trying to figure out your way in trading, you will trade using a trend trading strategy, a reversal strategy, a sideways channel trading strategy, and a breakout strategy. All is mumbled together in one account. The challenge with that however is this:

Every trading strategies have winning streaks and losing streaks.  The losing streaks in one of your strategies will erode the winning streak of another in your strategy.

Assuming one strategy had 5 winning trades in a particular week and another strategy had 5 losing trades that same week, the bad performance of the losing strategy will erode the good performance of the winning strategy for that week. This can lead to a discouraging trading week for you.

If trading one account with two strategies can throw you off balance this way, imagine trading one account using 5 different strategies.  

So let’s take a further look into your outcome in a particular trading week.

You traded with 5 different strategies. At the end of the week, you arrived at 11 wins and 13 losses. On the surface, this was a bad trading week. This is a discouraging week for you.

What you probably don’t realize is that if we delve into proper performance tracking by segmenting each of your strategies  for their individual outcome, we would be seeing something quite remarkable that you not aware of

Now, here is the breakdown of how you arrived at 11wins and 13losses.

 

After Strategy ONE performance was tracked, it had 3 wins and 2 losses. Good trading week.

Chart Performance image.

After Strategy TWO performance was tracked, it had 4 wins and 1 loss. Good trading week.

Chart Performance image

After Strategy THREE performance was tracked, it had 3 wins and 2 losses. Good trading week

Chart performance image.

After Strategy FOUR performance was tracked, it had 0 wins and 5 losses. Bad trading week

Chart Performance image

After Strategy FIVE performance was tracked, it had 1 win and 4 losses. Bad trading week.

Chart Performance image

These analyses revealed that three of your strategy performed well while two did badly. However, the two bad performances eroded the good results the other three produced.

If you had traded each strategy independent of the other using one strategy for one account, you would have been able to see what you were doing right with the strategies that performed well and how to increase their efficacy.

On the other hand, you would have quickly stopped your tracks on the ones that weren’t doing well and come up with proper adjustments to reduce their losses. You could have come up with ways to make them perform better or at best, you could choose to even discard them in total.

Here is why we emphasize proper performance tracking for our students. Trade performance and result performance. This is one of the most important parts of a trader’s journey to mastery. Interestingly, most aspiring traders don’t even have it as part of their trading practice. Proper performance tracking with accountability had improved the overall trading experience of our students.

This accountability concept is required in two-tier structure.

The student is accountable to themselves by filling out the performance. They can see things for themselves. Students score themselves and they are also able to look at it and look for where adjustments need to be made. That’s the first leg of the accountability structure.

Secondly, they are accountable to us because we would be requesting to see the performance chart.

Weekly performance tracking leaves no room for a student to waste any time. If things aren’t working right, the cracks will be spotted and tackled on time because the review is done weekly.

If you would like to enroll in our Forex Apprenticeship trading program where we personally work with our students to improve their trading performance with proper tracking concepts like the one explained above.  Click on this link THE FOREX APPRENTICE to find out what it all entails. The experience and drills make our traders better than any average trader in the industry.  

If you have already started taking baby steps in Forex trading, I explain here how to use Indicators to trade the market. You should take a look. 

THE FOREX APPRENTICE COURSE.

This program is designed to take you from being a newbie into becoming a professional trader. 

From my 12 year experience in the field, I have realized that what differentiates a real professional from self-acclaimed professionals (marketing wizards) is simply the ability to do a real performance analysis, and a real financial result analysis. 

This is important because if you miss it from this angle, you would experience years of ups and downs in your trading career which is due to twisted information painted by traders all over the media space.

On the other hand, if you are guided properly from the angle of real performance and result expectations, your journey into financial freedom through the Forex market will become smoother and worthy of your time and attention.

Your ultimate goal in trading is to be rich with a vehicle that can gradually increase your income via an investment style approach. A passive income endeavor with a potential annual return of 100% - 150% return on your trading capital.

This is a result you can achieve from the forex market if you are properly guided by a real professional. This is quite different from the 100% monthly return painted by most marketing wizards that get traders no-where in actual practice. 

If you start your trading career on the right path, your next 40 years are guaranteed with income potentials that you can control.

Before I go into the subjects of this apprentice program, I will like to ask you a question.

Have you ever heard bank traders or analysts talk about making a 100% monthly return while trading currency? These are the guys that trade millions and billions of dollars and have been in the game for over 40years. 

If you ever wonder which banks trade in the currency market, below are a few names of the top financial institutions involved in currency trading.

💰  Citi Bank.

💰  Western Union

💰  JP Morgan

💰  Barclays Bank

💰  Nordea Bank

💰  Commonwealth Bank of Australia

💰  Saxo Bank

If these guys have been in the currency game for over 40years, it means they find their involvement in the market lucrative to have kept going at it.

I didn’t forget I wanted to tell you about the apprentice program before digressing into the banks' involvements. I also didn’t forget I started this discussion by telling you about the importance of proper result analysis and performance analysis which stands as the bedrock of long sustainable success in Forex trading.

Since we are back to where we started, let’s dive right into it.

These are the 12 things you will be mastering in the training program.

📌  What exactly is the Forex market? Different from what they say the Forex market is. It’s amazing what a paradigm shift can do to a trader’s perspective that becomes the bedrock of success.

📌  How exactly does the Forex market behave? Explaining the reason behind the volatile moves we see in the market.

📌  How to prepare to trade a volatile market. Volatility can be good or bad depending on how traders approach it. We approach it in a way that makes it good for us.

📌  How to tame a volatile market. You actually can’t tame the market, but you can tame your account to handle the volatile market. So in essence, we say you are taming the market.

📌  How to appreciate and do proper performance analysis. This is where you are separated from the rest of the traders that don’t do a proper analysis.  This is where you begin to monitor performance like bank traders do.

📌  How to do a proper result analysis. This is where you take away any form of unnecessary pressure from your account. Proper result analysis is what retails traders don’t do which bank traders don’t joke with.

📌  How to handle your emotions in trading. People talk about trading psychology. What they don’t realize is that real proper leverage of your trading account automatically takes care of your trading psychology. 

A realistic expectation of return on capital as allowed by the Forex market is all that is needed to keep psychology in check.

📌  How to do a proper market analysis. This is trading speculation. This is different from entering a trade. A holistic view of a Forex pair puts you in control of the pair. 

This aspect is what 90% of traders focus on. This is where the majority of online marketing wizards peach their tent neglecting the rest knowledge required.

📌  Why it’s important to follow a particular pair. Each pair has a story of where it was coming from, where it might be heading, and then stops it made along the way. 

In the world of trading, it’s not advisable to look at a pair in isolation and it is not advisable to trade an isolated pair. 

It is preferable to look at a pair in relation to other correlating pairs. There are certain pairs that behave almost the same. It’s advisable to look at them together before making a trade decision. 

It helps to further confirm the story behind the pair that you have been following.

📌  How to enter a trade. There are specific places in the market that your chances of success increase when you attempt an entry. These places are actually few but it’s in your best interest to wait and take your trades only at these high probability profit spots. 

Most of the time, the Forex market is actually in the middle of no-where but it appears to traders as if it’s in a profitable entry zone. Learning how to filter out the bad spots quickly becomes your edge.

📌  How to easily spot when a trade had gone wrong so you can quickly get out of it. You don’t need to tie money down in an unprofitable trade.

📌  Going by the standard financial trading practice, you will learn how to spot a profitable trade a day before it occurs so you are prepared ahead. This type of analysis is carried out on a daily timeframe as recommended by financial standards.

 COURSE MATERIAL

✔  The materials for this course are in video formats and text format.

✔  Series of zoom meetings will be organized between the trainer and the student. About 4 zoom meetings of 1hour each to further explain to the student the materials they were given. 

The materials are quite explanatory but the zoom is included for a one-on-one meeting session.

✔  The student is added to a Whatsapp group where high probability trade setups are dropped periodically. This is to guide the student through their journey towards becoming a professional.

✔  Other passive non-trading earning opportunities in the Forex market will be revealed to the student. These are opportunities that can fetch $100 weekly without even trading. Since we know them and we earn from them, why keep them from our apprentice.

✔  Finally when our trader becomes very proficient (this means they can make a return of about 70% on their investments under the space of 6 months repeatedly with no sweat). There might be a desire to start taking on huge capital of about $25,000 to $50,000.

If they don’t have access to these capitals, we can link them up to get such capital. In the long run, the bigger the capital, the better the returns. The perfect understanding of the performance analysis and the result analysis taught in the course will give the student control over any finance they trade with. 

The size of capital will make no difference to the trader any longer.

 

PURPOSE OF THIS COURSE

This course is designed to turn you into a well rounded professional Forex trader. It’s designed to make you comfortable around the Forex market and to make you hone your game.  

You would be qualified to trade your personal account and also to trade others account professionally if you desire.

The value of the course is $4000.

The fee we are running it for is $200.

The goal is to raise 100 self professional traders who will be armed with a trading knowledge that will transform their lives and the lives of others around their immediate network with the new skills, they will be acquiring.

Are you ready to go? 

We hope you don’t sleep on this. If you are ready, we are ready.

Make your payment to

 Bank name – Guarantee Trust Bank

Account name - Eche David

Account number – 0030480165

Amount to pay - $200.

 

Once the payment is confirmed, your training commences.

You have more inquiries?

Send a WhatsApp message to my personal line using the below link

https://wa.link/4i8tby

Do you even have an idea of what exactly Forex trading is all about? You might want to find out here.