Trade on Track is proud to announce a partnership with Winners Edge Trading in releasing their new premium membership site.  Winners Edge Trading has been a fantastic source of free forex training material and trading related information for a good while now.  The site has built an enthusiastic group of followers who appreciate the honesty, knowledge, experience and generosity provided by Casey Stubbs and other site contributors.

Continuing with the goal of providing the best value possible to forex traders, Winners Edge has now released their premium membership site which offers a live ‘virtual’ trading room run daily by pro-scalper: Michael Storm, premium course material, a Trade on Track membership plus much more.

If you’ve been interested in trying out a ‘pro’ Trade on Track membership, then you can do it by joining the Winners Edge Trading site and you get even more features than the ‘pro’ version.

To see more details about the Winners Edge site, including their 7-day trial period and a competition to win a free membership, just visit the following page:

http://www.winnersedgetrading.com/trade-of-the-day/new-community-from-winners-edge-trading

To get started with your registration right away, click the following link:

https://www.tradeontrack.com/app/winners/register/

I cannot recommend a better value-for-money service in the forex world than this one, so to really get ahead in your trading, join today.

Mark Thomas

www.TradeOnTrack.com

We’ve just published five more free forex-related articles which are informative and can help traders learn about the markets. Here are the links:

Forex Trading Tool – To truly become a successful trader, you should also have the best forex trading tool.

Profitable Forex Trading – Profitable forex trading is a feasible aim but it can only be achieved by hard work and planning.

Forex Risk Management – There is no better way to become successful over the long term than recognizing forex risk management techniques as your best trading tool.

Forex Risk – Recognize the risks to reap the rewards.

Forex Profit – The potential of forex profit exists for everyone, but success is likely to be dependent on the time and focus that you are willing to commit.

Mark Thomas

www.TradeOnTrack.com

I’m very excited to tell you about a brand new dashboard screen that we’ve added to Trade on Track, called a Trade Types Analysis Dashboard.  The dashboard is immediately available to all ToT-Pro members and it provides a comprehensive, yet easy-to-understand analysis of your trading performance by trade type.

Trade Types are your trading systems or trading strategies, and it’s important to be able to quickly identify which strategies are proving to be the most profitable for you, and which are causing you losses.  Forex trading is a uniquely personal experience.  While one trading strategy may work well for one trader, another trader may fail miserably when trying to use it.  This is based on a number of factors such as the sessions you’re able to trade, the level of risk you are comfortable with, the length of time you like to hold a trade – these factors all form part of your trading personality.  The best way to find out what strategies work for you is by trying them!  Try different strategies on real trades (demo or live account), record the results, then analyze the results – this is what Trade on Track does best.

The Trade Types Dashboard supports the analysis of multiple trading accounts.  A consolidated (combined) analysis is presented first, then by scrolling down you see a separate analysis for each of your trading accounts.  Each analysis section shows a pie chart for your winning trades, a pie chart for your losing trades, and a table of data that gives more detailed information of your trading successes by trade type.

You can analyze your trades over different time periods, and you can report the results by pips, pip lots, dollars or return on equity.  Other useful statistics are also shown for each trade type including best and worst times of the day to enter the trade; best and worst currency pairs to trade; and best & worst day of the week to trade that particular strategy.

If you spot a trade type on the dashboard that you’d like to see more detail for, just click on it and the trading log will be displayed for that specific trade type and time frame that you’re interested in.

If you want to show off your trading results to your partner, your boss, your trading mentor, or the whole world – a click of the “publish” button creates a web page with your Trade Types Dashboard with a special link that you can share with whoever you like.  Here’s an example of a published page.

The Trade Types Analysis Dashboard is an invaluable way to take control of your trading performance, and it’s fun to use!  Register for Trade on Track now – you can get started for free and begin logging your trades properly, use the inbuilt tools to manage your risk, and much more.

Please view the video below to see how the new dashboard works.

As always, Trade Seriously!

Mark Thomas

I’ve just written a new article on currency correlations which has been posted over on the winnersEdgeTrading.com site.  It describes how different currency pairs can relate to each other by either moving in tandem or in opposite directions.  The article also describes some useful ways to use currency correlations in your own trading.  By knowing the ways the different currency pairs interact, you will be a better trader.

Check it out and stay tuned to this blog for more updates to Trade on Track – coming soon!

Trade Seriously,

Mark Thomas

www.tradeontrack.com

In recent days it has come to my attention that a forex trade tracking software tool has just been released and they’re calling it “TradeTrack“.   My own product “TradeOnTrack” is of course a forex trade tracking software tool too, and has been around for a lot longer (I started blogging about it 14 months ago).

Am I happy about their choice of product name? No, I think they’re using fairly dirty marketing tactics, piggy-backing on the brand name that I’ve worked hard to build.  However, I do appreciate their competitive spirit and I even tried to contact Mark Soberman of Netpicks (the company behind “TradeTrack“) to have a chat about a possible collaboration … I got no response.

Anyhow, there has been some confusion between the two products, so here’s my rundown on similarities and differences.  TradeTrack is free, so to be fair, I’ll only be comparing it to the free version of TradeOnTrack (which is called ToT-Lite).

Similarities

• Both products can be used to keep a detailed forex trading log.
• Both products are free to use.
• Both products have lot size calculators based on equity, preferred risk level and stop loss position.
• Both products allow the entering of trade details including date, time, currency pair, entry price, stop loss, lot size, and multiple targets.
• Both products calculate pips profit/loss and keep a log of the trades you have entered.
• Both products provide some statistics such as no. of wins & losses; profit factor, average win/loss
• Both products are straightforward and easy to use

Differences

• TradeTrack is an “offline” product.  You need to download it and install it.  It is your responsibility to back up your own data, upgrade the program, and copy trade data from one computer to another if necessary (or even possible).  TradeOnTrack is an “online” product.  You just login and start using it from any computer.  Backups and upgrades are taken care of for you.   Trades can be entered and viewed from any computer that logs in using your username/password.
• TradeTrack requires you to manually maintain pip values per currency pair.  TradeOnTrack has a live price feed and knows what base currency your account is in, so it automatically calculates pip values for you.
• TradeTrack’s trading log and statistics are built using all the trades in its database.  It’s an all or nothing approach.  TradeOnTrack’s trading log and statistics can be filtered by date, currency pair, strategy, time frame and more.
• TradeOnTrack has many more features and they are growing weekly.  These features include: Ability to import trades from Metatrader 4; pop-up fib and pivot point calculator; open trades profit/loss and risk summary; pre and post trade notations; tracking of multiple strategies; strategy checklists and notes; dashboard charts; start & end of day checklist and notes; news calendar and relevant upcoming news alerts.

Feel free to contact me at this page: www.tradeontrack.com/contact/ if you would like any more information.

Regards,

Mark Thomas

www.TradeOnTrack.com

I’ve just commenced a new article series about forex trading robots, or EAs (Expert Advisors).  The first article starts out describing what they are, how they work, whether they really do work or not, and why you should or shouldn’t use them.  There’s plenty more good info to come as we describe the actual development of trading robots.

Here’s the link to the first article: The Genesis of a Trading Robot

Trade Seriously!

Mark Thomas

www.TradeOnTrack.com

I’ve recently written two more articles and produced accompanying videos for the forex time-based strategy called NYTime.  This series of articles describes in intricate detail everything about the trading system which has proven to be very profitable.  All the information is free and is a great learning tool for those who wish to develop their own strategies or to discover exactly what is involved, from start to finish, in building a consistently profitable trading system.

These latest articles describe the Entry trigger, the initial stop loss placement and the advanced money management strategy that is used.

You can find the articles published at the following links, along with some useful comments from readers and myself:

• NYTime – Entry and Stop for time-based strategy
• NYTime – Money Management

Coming up in the next article is an optimized method for moving the stop to reduce losses, and the exit strategy to try to capture the bulk of available profits.

Trade Seriously!

Mark Thomas

www.tradeontrack.com

We’re getting underway with the details of the time-based strategy that I’ve been working on.  Please see the article/video at winnersedgetrading.com.

More to come over the coming days/weeks – stay tuned, because it’s looking very exciting.

Remember, the best way to track your progress with any strategy, is to record the details of every trade you make, then analyze those trades objectively afterwards.  ToT-Lite is a totally free version of “Trade on Track” and this software allows you to monitor the performance of any trading strategy easily.

Trade Seriously!

Mark Thomas

www.tradeontrack.com

Just a very quick post to let you know that I’ll be publishing a detailed review of a forex trend-following system that I’ve been using recently.
The link to the system is here and I’ll be offering a bonus to those purchasing through that link.  I’ve tried many trend-following systems to date and this one has produced the best results for me so far.

My review will include a video and additional information and tips as to how to best use the system to produce consistent profits.

Till later, Trade Seriously!

Mark Thomas

www.tradeontrack.com

I’m proud to announce that I’ve just been added as a writing contributor to the WinnersEdgeTrading.com website.  Casey Stubbs, the founder of the site, genuinely cares about providing great free content for those learning to trade and those wishing to improve their trading.  On his site you can find free charting software, great forex-related articles and even free live training run weekly.

You can find my first post about time-based trading strategies on Casey’s site here.

Trade Seriously!

Mark Thomas

www.tradeontrack.com