Categories: Financial

Financial Advisors: Tracking Performance for Forex Trading

Financial advisors often measure and track their performance in the Foreign Exchange (Forex) markets using a range of different methods. Chief among these is the Profit & Loss (P&L) Statement, which provides an excellent snapshot of a portfolio’s performance at any given point in time. Additionally, most good advisors will also track and monitor a variety of other metrics such as the size and composition of their positions, relative drawdowns, risk-adjusted returns, total commissions, and the frequency of profits and losses. By using these metrics, advisors can gain an overall view of their performance for any given market period and make suitable adjustments to their trading strategies where needed.

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