Forex Zone - Forex Forum

Is Trading Evaluation Important?

Discussion started on General Forex Discussion

  • Hero Member
  • Posts: 67188
  • Points: 578
  • Likes Received: 99
  • Reputation: +18/-46
Evaluation is an important thing that we have to form when we have lost or even MC when we don't evaluate and we always use the same system, which means we don't care about what we will do as a trader, therefore we must be able to  to be an active person, don't be an apathetic person who doesn't want to know because this is related to the future when you no longer have the intention. You should stop, but if you still have the intention to be successful in forex trading, then you must be able to work properly. 
#736 - November 24, 2023, 08:22:38 AM

  • Hero Member
  • Posts: 65248
  • Points: 579
  • Likes Received: 57
  • Reputation: +53/-46
When you do the wrong thing at that time, you really need a more mature evaluation than before. When you experience something that makes you lose, that's when you need to evaluate actions like this to find the right action because a trader might not be able to implement it.  trading system at any time we may need something called renewal, we may need something called adaptation to the market and in my opinion losing is normal, the important thing is that when you lose you can still save your management, don't let MC and do a good evaluation so you can survive the current situation.  like that you can get a lot of profits
#737 - November 25, 2023, 08:17:26 AM

  • Hero Member
  • Posts: 18151
  • Points: 30
  • Likes Received: 33
  • Reputation: +2/-0
By regularly carrying out evaluations, you will get a lot of benefits and also a lot of convenience in running your life and forex business, and don't let your discipline be damaged by psychology because usually a good system if it is damaged by psychological instability ultimately ends in disappointment.
#738 - November 25, 2023, 08:51:28 AM

  • Hero Member
  • Posts: 65248
  • Points: 579
  • Likes Received: 57
  • Reputation: +53/-46
evaluation has a positive impact on the performance of our system. What is wrong is because after all, when we make a system error, we are obliged to fix the system, don't just get away with it, because when you let something that makes you lose will actually get worse, that's why it's important to be adaptive.  conditions like this so that you can see gaps where you can carry out your evaluation. Take 1 month to carry out your evaluation and test it again properly so that when you use a real account you can work with a more perfect system
#739 - November 26, 2023, 08:08:45 AM

  • Hero Member
  • Posts: 67188
  • Points: 578
  • Likes Received: 99
  • Reputation: +18/-46
Evaluation becomes important when we find a defeat. When we have limited the loss to 10 to 20%, we should stop evaluating because when you continue, what happens is that your money will lose money and I am sure you will regret it, therefore, when you have  have the intention that when you lose 10 to 20%, you are obliged to stop and not have to trade again. You evaluate first for several weeks or several months. You do your best to test whether it is using the same technique or using a new technique after  You are ready. You can jump back into using forex trading.
#740 - November 27, 2023, 08:10:51 AM

  • Hero Member
  • Posts: 18151
  • Points: 30
  • Likes Received: 33
  • Reputation: +2/-0
Trading evaluation is very necessary as a process to be able to master the knowledge in trading because there are lots of theories or knowledge that have been shared on the internet such as on websites, on YouTube or in forums like this forex zone.
and to be able to do this, you have to evaluate the existing practices of course with the practices that have been carried out.
#741 - November 27, 2023, 11:06:54 AM

  • Hero Member
  • Posts: 67188
  • Points: 578
  • Likes Received: 99
  • Reputation: +18/-46
evaluation will provide positive things for your system when you always trade well because basically when you carry out an evaluation it is the same as correcting your system which is wrong correcting your way of making trades which is wrong because when you do an evaluation it will actually make you  The easier it is to get profits, the more it will make you understand how to make improvements in the right way, use good evaluation when you encounter failures that always make you lose.
#742 - November 29, 2023, 07:51:18 AM

  • Hero Member
  • Posts: 65248
  • Points: 579
  • Likes Received: 57
  • Reputation: +53/-46
Evaluation is very necessary for us when we trade, but it is always wrong that we have to be an active trader to make small improvements because when we become inactive people we become people who don't want to know. In my opinion, you are not suitable for carrying out forex trading.  , therefore it is very important to carry out trades by carrying out evaluations when necessary. Because after all we have to create an accurate system, we must be able to create a system with high accuracy because that will affect your results and influence your success.
#743 - November 30, 2023, 08:04:26 AM

  • Hero Member
  • Posts: 18151
  • Points: 30
  • Likes Received: 33
  • Reputation: +2/-0
Trading evaluation is important and we must always do it. Trading evaluation serves to improve our trading skills in management and the process. Later when trading we will get good profits too. So it can be said that evaluation is one way to achieve success in the forex business.
#744 - December 01, 2023, 01:01:20 AM

  • Hero Member
  • Posts: 65248
  • Points: 579
  • Likes Received: 57
  • Reputation: +53/-46
evaluation in trading will make us more comfortable to trade again with knowledge or perhaps a slight change in your previous method. This evaluation will have a positive impact on your flawed system or perhaps your system which you may not be able to implement well because when you  don't carry out an evaluation and you already understand how there are errors. In my opinion, that doesn't show that you are a reactive person. In fact, when you already know that the error is in the system, you should carry out an evaluation immediately, don't wait a long time, you immediately look for the wrong thing.  and you fix it and you practice again
#745 - December 01, 2023, 08:29:17 AM

  • Hero Member
  • Posts: 67188
  • Points: 578
  • Likes Received: 99
  • Reputation: +18/-46
Using evaluation is very important because when you use evaluation well then you can get more mature knowledge. Evaluation doesn't have to be a matter of knowledge. Usually when we fail, usually psychology also has to be evaluated. Financial management also has to be evaluated. The way we do analysis and open positions also need to be evaluated.  So it is important to evaluate all aspects of forex trading in your trading system so that later when you trade again you will not repeat the same mistakes.
#746 - December 03, 2023, 08:02:38 AM

  • Hero Member
  • Posts: 65248
  • Points: 579
  • Likes Received: 57
  • Reputation: +53/-46
However, evaluation is important because by evaluating your trading activities you will become comfortable. Your trading activities can make you consistent forever, but what needs to be understood here is that when you always experience mistakes and you also always experience evaluations, maybe there is something wrong with your method.  do the analysis because sometimes the technique is correct, but the way you analyze it is wrong or maybe your psychology is unstable.  So you have to be able to see the whole thing.
#747 - December 04, 2023, 08:02:55 AM

  • Hero Member
  • Posts: 18151
  • Points: 30
  • Likes Received: 33
  • Reputation: +2/-0
Trading evaluation needs to be done so that we can be disciplined, therefore we must be disciplined in our trading plans well, so that we don't get confused because of fear, making all our trading plans not run smoothly. Running this business must be done calmly and always carry out evaluations every day.
#748 - December 04, 2023, 11:55:46 PM

  • Hero Member
  • Posts: 67188
  • Points: 578
  • Likes Received: 99
  • Reputation: +18/-46
The more we evaluate, the more new knowledge we will gain because if we don't evaluate, we will never know what our mistakes were and how to solve them in the trading system. There will definitely be lots of mistakes we will make and that  It is natural, therefore it is important to always use evaluation so that we can change these mistakes to be more correct and can get consistent profits.
#749 - December 06, 2023, 08:07:19 AM

  • Hero Member
  • Posts: 18151
  • Points: 30
  • Likes Received: 33
  • Reputation: +2/-0
If we are unable to carry out trading evaluations, of course we will become victims of being crushed by the market itself, because of course evaluation is a benchmark for how accurate we are in carrying out market analysis and whether the standards we use are correct or not.
#750 - December 06, 2023, 08:59:33 AM

Members:

0 Members and 3 Guests are viewing this topic.