Trade Explorer: for pro traders

if a hedge fund manager tells you he’s “up 8% this month,” he’s invariably including the profit/loss of his open trades. That’s because the financial industry speaks in terms of equity, which includes the marked-to-market value of open trades. And it’s that way for a reason — the profit/loss on an open trade is every bit as real as on a closed trade, and performance metrics can be completely misleading when open trade activity is excluded.

As Product Manager for the Trade Explorer, I hear from members who are concerned that their Trade Explorer’s statistics are not as favorable as shown on other sites offering trade analytics. Most of the time the discrepancy is due to the trader carrying open losses in their account, which are only being accounted for on their Trade Explorer.

Read the full post by Michael on forex factory http://blog.forexfactory.com/

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