Forex Zone - Forex Forum

Is Trading Evaluation Important?

Discussion started on General Forex Discussion

  • Hero Member
  • Posts: 15541
  • Points: 417
  • Likes Received: 31
  • Reputation: +2/-0
Successful traders always evaluate because they don't make mistakes related to emotions or taking excessive risks.
#691 - October 18, 2023, 01:05:03 AM

  • Hero Member
  • Posts: 62256
  • Points: 590
  • Likes Received: 57
  • Reputation: +53/-46
At the evaluation stage you will usually do various ways so that you can solve every problem you face. When you fail to trade and you usually have to be able to use this carefully because every time you make a mistake you are obliged to carry out an evaluation because that's when we do it. Forex trading and we encounter a problem, we must immediately evaluate it. Don't ever delay carrying out an evaluation because you are afraid that later you will continue to repeat the same thing which will make your account run out and eventually MC
#692 - October 18, 2023, 09:12:52 AM

  • Hero Member
  • Posts: 15541
  • Points: 417
  • Likes Received: 31
  • Reputation: +2/-0
In fact, we carry out evaluations with the hope that this will bring positive results in terms of improving the quality of our trading, therefore do not take trading evaluations lightly.
#693 - October 19, 2023, 03:18:49 AM

  • Hero Member
  • Posts: 62256
  • Points: 590
  • Likes Received: 57
  • Reputation: +53/-46
When you make a mistake, you definitely have to evaluate it because if you don't evaluate it, you will continue to do so and of course it will make it more difficult for you to make a profit, so don't be too lazy to make improvements and never be too lazy to practice. because forex trading is a very special business that can be used forever.
#694 - October 20, 2023, 08:01:04 AM

  • Hero Member
  • Posts: 63898
  • Points: 290
  • Likes Received: 99
  • Reputation: +18/-46
The use of evaluation is really needed when we experience MC, whatever we do. Don't let us not carry out evaluations. We need something called evaluation so that we can change our way of analyzing or opening positions because only with evaluation, it is likely that we can form new methods or use The same method but with a different way of evaluating will make us more disciplined to carry out trading correctly
#695 - October 21, 2023, 08:59:25 AM

  • Hero Member
  • Posts: 15541
  • Points: 417
  • Likes Received: 31
  • Reputation: +2/-0
There are times when we have a down moment, and at times like that we have to evaluate because it is an opportunity for every trader to learn and develop.
#696 - October 21, 2023, 11:17:52 AM

  • Hero Member
  • Posts: 62256
  • Points: 590
  • Likes Received: 57
  • Reputation: +53/-46
All evaluations are very important for us to do when we get bad results. Evaluation is the main part when we don't make a profit because when you have lost but you just keep quiet and don't take any action, let alone evaluation, that means you have no intention, that's why in trading What is needed is evaluation in technique and management so that the results will be better
#697 - October 22, 2023, 10:17:25 AM

  • Hero Member
  • Posts: 15541
  • Points: 417
  • Likes Received: 31
  • Reputation: +2/-0
I think it's very important for me. because after I carried out the evaluation, my losses reduced and I no longer opened positions carelessly. I think successful traders always evaluate.
#698 - October 22, 2023, 01:38:38 PM

  • Hero Member
  • Posts: 2224
  • Points: 7991
  • Likes Received: 140
  • Reputation: +6/-1
There are times when we have a down moment, and at times like that we have to evaluate because it is an opportunity for every trader to learn and develop.
Weekend in our free time when the market closes, we can spend time to evaluation trading week recognizing the all mistakes committed, and making new plans to overcome these mistakes with an aim to make a good improvement in trading skills on next week.
#699 - October 22, 2023, 09:10:41 PM

  • Hero Member
  • Posts: 15541
  • Points: 417
  • Likes Received: 31
  • Reputation: +2/-0
There are various ways to carry out evaluations in trading. Usually, traders keep a trading journal by writing a history of entry levels, exits, stop losses, profit targets, and so on.
#700 - October 23, 2023, 12:31:15 AM

  • Hero Member
  • Posts: 63898
  • Points: 290
  • Likes Received: 99
  • Reputation: +18/-46
Evaluation is very important, in my opinion, here with a good evaluation we will definitely get a lot of things that make it easy for us to get big profits. Evaluation is needed when we trade unsuccessfully and that is the right momentum when we want to improve our system. You will definitely use evaluation, evaluation which is really important, such as management and strategy, so that you know later
#701 - October 23, 2023, 08:12:21 AM

  • Hero Member
  • Posts: 62256
  • Points: 590
  • Likes Received: 57
  • Reputation: +53/-46
Every time we trade forex, we will definitely make mistakes, whether small or large, whether many or few, so from time to time we are obliged to carry out evaluations because when we let these mistakes continue to pile up, it is not impossible for us to you will lose, therefore, no matter how small a mistake, no matter how big a mistake you make, you have to keep evaluating because after all, when you trade you have to be able to do what is best for your system and finances.
#702 - October 24, 2023, 09:06:26 AM

  • Hero Member
  • Posts: 15541
  • Points: 417
  • Likes Received: 31
  • Reputation: +2/-0
I consider trading evaluation as a necessity to improve our skills. Sometimes the market changes character and we as traders certainly have to evaluate our trading system so that it is successful.
#703 - October 24, 2023, 11:25:50 AM

  • Hero Member
  • Posts: 63898
  • Points: 290
  • Likes Received: 99
  • Reputation: +18/-46
Every time you evaluate, I am sure that what you do will be better than before. Evaluation is a process for justifying every wrong method where that method can make you lose every day, so in my opinion, evaluation is really needed and is very important to do. Therefore, we must not forget about evaluation, when we really lose more than 50% of our money, we must carry out an in-depth evaluation, so don't trade first, we use a demo account to practice and correct the mistakes that made us fail.
#704 - October 25, 2023, 08:22:19 AM

  • Hero Member
  • Posts: 15541
  • Points: 417
  • Likes Received: 31
  • Reputation: +2/-0
Many pros even carry out evaluations, especially for beginners they are obliged to carry out evaluations, and every trading day is limited to certain sessions only.
#705 - October 25, 2023, 11:00:10 AM

Members:

0 Members and 1 Guest are viewing this topic.