Ever had the situation where you’re managing 2, 3 maybe even up to 6 trades at once, and each trade has been entered for a different reason? Your open trades might be using a range of trading methods, across a range of chart periods, and there has been special circumstances surrounding the analysis of each one.
Managing these trades can be very frustrating at best, or near impossible if you don’t have a system to help you. And, it’s easy to make costly mistakes – for instance, you might think of exiting a trade at the wrong time because you’re looking at it a different way now, to how you looked at it when you placed the trade.
Trade on Track makes the process of managing trades extremely easy. Basically, in a few keystrokes you tell it exactly why you entered a trade, including the trading method you used, the chart period you were working from, and any additional notes you’d like to make. You’ll find that keeping this trading log is beneficial from the very start – for one thing, it actually makes you think twice about why you’re entering a trade, and also enforces invaluable trading practices like setting stops and targets as you enter the trade.
Then of course, you can review these trading reasons at any time during the course of the trade. So, it’s easy to see why you entered a particular trade, and what your plan was at the time of entry. There is no confusion over what chart period you used, or which trading system you were implementing when you took the trade, so there’s no confusion over how to manage or exit the trade either.
In a perfect world, we’d probably only need one trading method, one chart period to work from, and one currency pair to do our forex trading – so managing that one trade would be easy. But, serious traders find themselves managing several different types of trades at the one time (and it’s more fun that way 
), so we need a serious software tool to help – Trade on Track fits the bill!
Good luck and trade seriously!
Tags: forex trading, trade management
