Forex Trading Course For Beginners For Free!

7-Day Forex Trading Performance Index

Here we are with outline for Forex Trading For Beginners Aiming 7 Days;

Day 1:

• Set up your trading platform and tools.
• Review the economic calendar.
• Determine your weekly trading objectives.
• Conduct preliminary analysis of currency pairs.

Day 2: 

• Execute trades based on your analysis and strategy.
• Record entry and exit points.
• Calculate profit or loss for each trade.
• Review any adjustments made during the day.

Day 3:

• Continue trading based on your plan.
• Document all trades, including sizes and reasons.
• Calculate daily profit or loss.
• Note any significant market events or changes.

Day 4: 

• Monitor open positions.
• Look for new trading opportunities.
• Keep a close eye on economic news releases.
• Calculate daily profit or loss.

Day 5:

• Continue active trading.
• Use risk management techniques.
• Review trades from the week to identify patterns.
• Calculate daily profit or loss.

Day 6:

• Execute any final trades for the week.
• Evaluate your trading performance for the entire week.
• Assess whether you met your weekly objectives.
• Calculate weekly profit or loss.

Day 7: 

• Analyze your weekly trading performance.
• Update your trading journal with all trades and notes.
• Document any insights or lessons learned.
• Plan for the next trading week, set objectives.

Forex Trading Performance Metrics

• Total Weekly Profit or Loss: Sum of daily profits or losses.
• Win Rate: The percentage of winning trades out of total trades.
• Average Daily Return: The average profit or loss per day.
• Risk-Reward Ratio: The ratio of average profit to average loss.
• Maximum Drawdown: The largest decline in account equity during the week.