How to use feedback from other traders to improve your trading performance

Posted on 2023-05-08

Using feedback from other traders is an excellent way to improve your trading performance. Here are some techniques to help you get the most out of feedback:

  1. Find a community of traders: Look for an online or in-person community of traders who share your interests and goals. Join a trading group, attend trading seminars, or participate in online forums.
  2. Share your trading journal: Share your trading journal with your community of traders. Let them know your goals and your trading strategy. This will help them understand your trading decisions and give you relevant feedback.
  3. Be open to feedback: Be open to feedback and constructive criticism. Remember, the goal is to improve your trading performance, not to prove yourself right. Listen to what other traders have to say and consider their opinions.
  4. Ask questions: Ask other traders questions about their trading strategies and techniques. This will help you learn from their experiences and apply their knowledge to your own trading.
  5. Test and refine your trading strategy: Use the feedback you receive from other traders to test and refine your trading strategy. Make adjustments based on the feedback and track the results in your trading journal.
  6. Share your results: Share your results with the trading community. Let them know what changes you made to your strategy and how they affected your performance. This will help other traders learn from your experiences and improve their own trading.

Remember, the trading community is there to help you improve your trading performance. By sharing your trading journal and being open to feedback, you can learn from the experiences of other traders and improve your own trading strategy.

Looking to learn about forex? Take our crash courses at our Forex University. If you’re looking to setup a demo trading account then click here. Finally, if you’re looking for Forex Signals, Forex Portugal provides free & premium signals on-demand.

Found this article helpful?

[ 0 Out of 0 Found Helpful ]

Still no luck? we can help!

Submit a ticket and we’ll get back to you as soon as possible.

Support Chat Available
Account login is required to start, please login to your account to proceed.