When a forex pair is moving a lot most experienced traders find it easier to jump in and out for quicker profits. See How to Use Forex Correlation Statistics for a more thorough outline of how to use forex correlation data. Don't trade with money you can't afford to lose. If swing trading, be aware of major economic news announcements.
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Top Forex Traders Statistics Review the day's successful and unsuccessful forex trading strategies The following statistics are calculated from the forex trading activities over the past 24 hours of two groups of OANDA traders: These forex traders are not selected exclusively on their overall amount of realized Profit and Loss, since that would skew the results toward hedge fund and big institutional accounts.
Instead, the currency traders are sampled from a wide range of account balances, from the micro, to the institutional. By default, statistics are shown only for the most profitable forex traders. Check "Show Least Profitable Traders" to show statistics for the non-profitable traders, which are shown in a lighter colour. The following statistics are shown for each of our most traded currency pairs for the past 24 hours.
They are calculated from the total number of trades placed by each group of traders. The direction percentage of trades long vs. Basically, this is how much your account is up or down at any given time minus to costs to trade. Win percentage is the total number of wins divided by the total number of trades.
What percent of the time do you win trades? Loss percentage is the total number of losses divided by the total number of trades. What percent of the time do you lose trades? This is not necessary to do, but if you do have an abnormally large win in relation to your other wins, then taking it out will provide a more accurate look and expectations to your stats.
This is not necessary to do, but if you do have an abnormally large loss in relation to your other losses, then taking it out will provide a more accurate look and expectations to your stats. The average gain per winning trade is computed by dividing the total gain from all your winning trades divided by the number of winning trades.
The average loss per losing trade is your total loss from all your losing trades divided by the total number of losing trades. The average holding time per trade is calculated by dividing your total holding time for all your trades by the number of trades. This stat helps in determining your max drawdown, or the worse possible scenario you have experienced so far. This can be computed by multiplying the loss percentage by the average loss and subtracting it from the win percentage times the average win.
This stat helps you determine the correct position size and how profitable your trading method is.