The ChoosaBroker Trading Academy

1. An Introduction to Financial Markets (Module 1)
1.1. An Introduction to Financial Markets 1.2. Historical Perspective 1.3. Portfolio Management 1.4. Diversification 1.5. Power of Compounding
2. Breakdown of Asset Classes (Module 2)
2.1. Foreign Exchange 2.2. Stocks 2.3. Indices 2.4. Commodities 2.5. CFDs Contract for Difference 2.6. Bonds 2.7. Cryptocurrencies 2.8. Futures and Options 2.9. ETFs
3. Categories of Financial Market Participants (Module 3)
3.1. Speculators 3.2. Investors 3.3. Hedgers 3.4. Arbitrageurs 3.5. Institutional Players
4. Portfolio Management (Module 4)
4.1. Theory and Importance of Portfolio Management 4.2. Asset Allocation 4.3. Risk Management 4.4. Retirement Planning
5. Introduction to Forex (Module 5)
5.1. How the Forex Market Works 5.2. Benefits and Drawbacks of the Currency Market 5.3. Major Pairs and Time Zones 5.4. Basic Forex Trading Concepts 5.5. Leverage and Margin Trading 5.6. Forex Market Strategies
6. Introduction to Stocks and Indices (Module 6)
6.1. How the Stock Market Works 6.2. Commonly Used Terms 6.3. Primary and Secondary Markets 6.4. Regulatory Framework 6.5. Financial Intermediaries 6.6. Clearing and Settlement Process 6.7. Index Composition
7. Introduction to Commodities (Module 7)
7.1. How the Commodity Market Works 7.2. Understanding Derivatives and Futures Pricing 7.3. Global Commodity Exchange 7.4. Agricultural Commodities 7.5. Non-Agricultural Commodities 7.6. Precious and Non-Precious Metals 7.7. Factors That Affect Commodity Prices
8. Introduction to CFDs (Module 8)
8.1. Types of CFDs 8.2. Basic Concepts of CFD Trading
9. Introduction to ETFs (Module 9)
9.1. How ETFs Work 9.2. How to Select ETFs
10. Different Forms of Asset Analysis (Module 10)
10.1. What is Technical Analysis? 10.2. What is Fundamental Analysis? 10.3. News Trading 10.4. Earnings Trading
11. Basics of Technical Analysis (Module 11)
11.1. How to Identify Support-Resistance Levels 11.2. Understanding Trends 11.3. An Introduction to Classical Chart Patterns 11.4. Overview of Candlestick Patterns 11.5. Different Types of Technical Indicators 11.6. Fibonacci Levels 11.7. How to Build a Trading Plan 11.8. Importance of Controlling Risk in Trading
12. Basics of Meta Trader 4 (Module 13)
13.1. How to Get Started MT4 13.2. How to Create and Adjust Charts 13.3. How to Place an Order 13.4. Basic Performance Monitoring on MT4 13.5. Risk Management Tools 13.6. MT4 Webtrader Basics
13. Advanced Meta Trader 4 Tools (Module 14)
14.1. How to Place Special Orders 14.2. Setting Asset Alerts and Rules 14.3. Adding Technical Indicators 14.4. Using Expert Advisors 14.5. Keyboard Shortcuts 14.6. MT4 Mobile Application

13.4. Basic Performance Monitoring with MT4

MetaTrader 4 has this wonderful tool whereby account information and trade history is readily available in the “Terminal” pane at the bottom of the MT4 screen. These trading statements enable a trader to evaluate his or her overall performance and examine individual trades.

MT4 Trading Report

To access the trading reports:

  • Click CTRL+T to open the “Terminal” window.
  • Go to the “Account History” tab in the lower left hand corner of the “Terminal” menu.
  • Next, right-click to generate a drop down menu.
  • Select the time frame for which you want the trading statement, and click on “Save as Report.”

What is Available in the Trading Report?

  • Deposit/Withdrawal – The sum total of deposits and withdrawals made to and from the account during the period under consideration.
  • Credit – The amount of credit that a trader is entitled to.
  • Closed Trade Profit/Loss – Total profit or loss from all the trades executed during the period.
  • Floating Profit/Loss – The sum total of floating profits and losses on a client’s current open trades.
  • Margin – Net margin available at the time the report is generated.
  • Balance – Outstanding account balance at the time the report is generated.
  • Equity – Balance + Credit + Floating Profit – Floating Loss.
  • Free Margin – The amount of capital available to initiate a new position (Free Margin = Equity – Margin)

MT4 Detailed Trading Report

In addition to the information found in regular reports, traders can access detailed reports that contain a whole host of interesting and useful data. To view a detailed report on MT4:

  • Click CTRL+T to open the “Terminal” window.
  • Go to the “Account History” tab in the lower left hand corner of the “Terminal” menu.
  • Next, right-click to generate a drop-down menu.
  • Select the time-frame for which you want the trading statement, and click on “Save as Detailed Report.”
  •  

What is Available in the Detailed Trading Report?

  • Gross Profit – The total value of profits booked during the period under consideration.
  • Gross Loss – The total value of losses booked during the reporting period.
  • Total Net Profit – Gross Profit – Gross Loss
  • Profit Factor – Gross Profit/Gross Loss.
  • Expected Pay-off – Total Net Profit divided by the number of trades undertaken.
  • Absolute Drawdown – The amount by which the account balance has decreased from the initial deposit.
  • Maximum Drawdown – The largest decline in monetary value from a peak to a trough during a specified period.
  • Total Trades – The total number of trades executed in the period under consideration.
  • Largest Profitable Trade – The most profit earned on any single trade.
  • Largest Loss-making Trade – The most loss suffered on a single trade.
  • Average Profit Trade – The average amount of money earned on all profitable trades.
  • Average Loss Trade – The average amount of money lost on all loss-making trades.
  • Maximum Consecutive Wins – The longest period of consecutive profit-making trades.
  • Maximum Consecutive Losses – The longest continuous streak of loss-making trades.

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