In reality, this is not the case as you have to work with a complex set of interconnected values to find a successful and persistent trading method. It is not sufficient to develop a trading system with a huge win rate to succeed here. A huge win rate is just one part of the system's profit expectancy, which by itself is also not the only important parameter. The practical way is to assess the whole lot of the testing statistics as they all matter to your account's survival.
Forex Statistics
If you regularly and correctly analyze the trading statistics, you will be able not only to choose the right trading methods but also to tweak your strategy for better results. Below, you can see the list of important statistical metrics that you could consider when dealing with the results of your Forex backtests and forward tests preferably, on demo accounts.
One could argue that there is no need to optimize all of the mentioned statistics — after all, it is possible to remain profitable even if some of them are not as good as you would want them to be. However, a coordinated effort to improve your trading will result in an overall advancement in many of the metrics listed here. If you want to get news of the most recent updates to our guides or anything else related to Forex trading, you can subscribe to our monthly newsletter. What Is Forex?
Statistics
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Of course, every trader would like to get high percentage of profitable trades and low percentage of losing ones. It is OK to set high win rate as one of the main objectives, but you have to remember that there are other important Forex statistics to work with. Obviously, traders should aim for higher average profit and lower average loss. Together with the win rate, these two statistical gauges determine whether your strategy is profitable or not. Expectancy — calculated win rate multiplied by average win minus loss rate multiplied by average loss.
It tells you how much you can expect to earn from a single trade on average. Ready to start trading? Open a free trading account here.
Statistics Forex Trading
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