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  • Questions From Traders

    What is the best approach in monitoring your growth as a trader...and improving your overall performance month over month? Also can you update the forum on anything new with your software? thanks

  • #2
    Monitoring your growth as a trader other than the by the balance in your trading account can be a little elusive. It is helpful to look at it the other way and identify what is not "growing" or improving and start there. Is there something that is negative to your growth that is consistently re-occurring? Identify the root cause and address it. Focus on each action that is making a negative impact and one at a time develop a process to eliminate it. Each day you conquer the issue will build inner strength to conquer the next one and open the pathway to more sustainable and consistent growth as a trader. Taking a Personality Profile Assessment is a good place to start. Here is a link to a consulting service JSServices offers https://jsservices.trade/analysis-personality-profile/ that identifies personality traits and how they influence your trading. The general online questionnaire is complimentary and if you want to discuss your result and what they say about the path of least resistance to your success send your scores to [email protected].

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    • #3
      "Improving your overall performance month over month" can be accomplished by standardizing your method into a more systematic approach. Not that you have to automate what you do but strive to summarize your decision making process for EVERY tactic you use into an "IF/THEN" statement. If this cannot be done with an indicator or tactic you are currently using because of a subjective component, then revisit the criteria until it can be objective (IF/THEN). This is the 1st step in improving consistency and developing a sustainable trade plan. Focus on the facts. This is what JSServices Desktop application provides traders. A fact foundation to as the basis for a sustainable trade program. Not subjective insight but rather objective quantitative facts. A benchmark resource that identifies the state and structure of what the market "is" in. By observing price action within market structure in the context of the market state the value of your trade signals/decisions are clear with no room or need for interpretation. Similar to if your strategy is to trade the 50 day moving average bias and the market is above the average and there is a sell signal. There is no question that this signal is suspect and of low value. A buy signal however with prices above the 50-day average however is in alignment with the "facts" and is clearly a better opportunity. To demo or analytics and experience how they will support your method sign up here https://jsservices.trade/request-a-demo/ .

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      • #4
        Thanks so much for posting this reply very helpful. I visited whats left of the floor this a.m. and I remember what a presence you made there with your market analysis and how traders would carry your daily levels in their pockets like a bible. thanks again JSS

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        • #5
          Hey JS i referenced you in a thread about calculating pivots this past weekend. When you get a chance you can add any thoughts you have to it. It reminds me a little bit of the levels we got from you on the floor and it would be great if our forum members get a chance to see how you have moved your approach from floor to screen.

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          • #6
            Originally posted by CollinPalmer View Post
            What is the best approach in monitoring your growth as a trader...and improving your overall performance month over month? Also can you update the forum on anything new with your software? thanks
            You can also try this service https://www.myfxbook.com:

            What is Myfxbook?

            Myfxbook is an online automated analytical tool for your forex trading account and a social forex community first of its kind.
            Currently supporting* over 100 brokers, enabling you to track, compare, analyze and share your trading activity.


            How can Myfxbook help you?

            Here are just a few examples of what you can gain by using Myfxbook:
            • Analyze your account with our advanced statistical analysis and understand your trading habits, inside out.
            • Use our innovative dashboard to stay up to date with the markets.
            • As a money manager looking for new clients, use your public system page as a resume of your trading skills.
            • Learn, compare and improve your trading skills with the help of our community.
            • Publish your account statement.

            If you're still not convinced Myfxbook can help you, click here to learn more.


            How does it work?

            No files, installations or complicated configurations. Because your account's safety is our first priority, we will never ask you for your login details to your trading account.All we require is a read only access to your trading account (Click here to learn how).
            Have we mentioned it's absolutely free?

            *Currently supported platforms are: cTrader, MetaTrader 4, MetaTrader 5, fxTrade/fxTrade Practice, FXCM Trading Station and Strategy Trader.

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            • #7
              John can you tell us a little bit about how you got started in the industry and how traders started using you and your analytical services?

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              • #8
                here is some source that can be very useful, which have helped me to improve as a trader:
                https://stocktwits.com/ The largest community for investors and traders
                https://www.babypips.com/ : forum
                Low Spread Forex Broker
                https://www.myfxbook.com/: forex community

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                • #9
                  Hi!
                  I had the same question. But now I work with NSBroker and they have a deal with this.
                  Of course, you must self-improved every day, nobody can do this instead of you.
                  But just work, learn more and everything will be OK

                  Comment

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