Forex Trader Pro is a comprehensive trading platform used by traders worldwide to access financial markets, including forex. It provides a wide range of features and tools to help traders analyze the market, place trades, and manage their portfolio. One of the essential features of Forex Trader Pro is the ability to view closed positions. In this article, we will explain how to view closed positions in Forex Trader Pro.
What are closed positions?
Before we dive into how to view closed positions, let’s first understand what closed positions are. A closed position is a trade that has been completed by the trader. When a trader closes a position, it means that they have exited the market by selling or buying a currency pair. The result of the trade is either a profit or a loss. The closed position is recorded in the trader’s account history, which allows them to review their past trades and assess their performance.
Why view closed positions?
Viewing closed positions is essential for traders who want to learn from their past trades and improve their trading performance. By reviewing closed positions, traders can identify their strengths and weaknesses, identify patterns in their trades, and adjust their trading strategy accordingly. Additionally, reviewing closed positions can help traders identify trading mistakes, such as entering trades too early or too late, using incorrect position sizing, or failing to use stop-loss orders.
How to view closed positions in Forex Trader Pro?
Now that we understand the importance of viewing closed positions let’s take a look at how to view them in Forex Trader Pro. The process is straightforward and can be done in a few steps.
Step 1: Open Forex Trader Pro
The first step is to open Forex Trader Pro on your computer. Once you have logged in, you will be directed to the trading platform’s home screen.
Step 2: Click on the ‘Account History’ tab
To view closed positions, click on the ‘Account History’ tab located at the bottom of the screen. This tab will display a list of all the trades you have made, including the ones that are open, pending, or closed.
Step 3: Select the account and date range
The next step is to select the account you want to view and the date range. You can choose to view trades for a specific account or all accounts. Additionally, you can select a date range by specifying the starting and ending dates.
Step 4: Click on ‘Search’
Once you have selected the account and date range, click on ‘Search.’ The search function will display a list of all the closed positions within the selected account and date range.
Step 5: Review the closed positions
The search results will display a list of all the closed positions, including the trade’s opening and closing price, profit or loss, and the date and time the trade was closed. You can review each trade and analyze its performance, including the reasons why you entered the trade, your entry and exit points, and the overall result.
Conclusion
Viewing closed positions is an essential part of forex trading. It enables traders to learn from their past trades, identify their strengths and weaknesses, and improve their trading strategy. Forex Trader Pro makes it easy to view closed positions by providing a comprehensive account history feature that displays all trades made within a selected account and date range. By following the steps outlined in this article, traders can review their closed positions and take steps to improve their trading performance.
