Striking a balance between sticking to your trading plan and adapting to what works and what doesn’t can only be done through consistent and disciplined monitoring.
Richmond, VA (PRWEB) January 18, 2012
MeetPips.com, the online forex trade journaling and social networking site, has released the latest version of its key trade journaling feature and a new user statistics display. With the latest enhancements, MeetPips.com sets the bar even higher for simplicity and transparency, highly valued by traders when it comes to tracking performance.
A major improvement in the automatic journaling feature is the ability to manage multiple broker accounts. Each account is given separate trade baskets that house 100 of the user’s latest closed, open, pending, and cancelled trades. Actual broker names remain visible only to the accounts’ owners to maintain privacy.
With MT4Sync tied to a MeetPips.com account, new trades or changes to existing ones executed through the Meta Trader 4 platform are automatically updated in users’ trade baskets, ready for publishing. Intuitive sorting features have been implemented to make managing each basket easier as well. From that point, a trade can be published to the member’s trade journal in as little as two clicks.
The latest and newest feature that MeetPips.com will be rolling out is the addition of a user statistics display for members with active trading platforms connected to the site through MT4Sync. The display shows users’ overall trading progress and activity over a selected period of time, from an annual perspective, even down to a daily time span.
“Striking a balance between sticking to your trading plan and adapting to what works and what doesn’t can only be done through consistent and disciplined monitoring,” says Odell Ramirez, co-founder of MeetPips.com. “In a single glance, members can view charts and graphs on fellow traders’ overall gains, losses, growth, accuracy, profitability, and a list of in-depth numerical stats, all displayed in a simple and organized layout.”
The user stats are based on a trader's account history and not just trades published on the user’s journal. This is helpful not only for individual users as a means of monitoring their progress, but also to the entire community. Because MeetPips.com highly encourages learning from peers, it is important for each trader to be honest and transparent. Ramirez added, “Having statistics based on the complete record of each user’s trades means that there’s no such thing as just putting your best foot forward. What you publish is up to you, but your statistics will show the complete picture. Trust is the most important value we foster in the MeetPips.com community, so having the stats cover all trading activity was a non-negotiable.”
MeetPips.com is part of the pips à la carte network of forex trading sites designed to provide all the necessary resources to traders from around the globe for absolutely no charge. Whether a novice or highly-experienced, there is something worthwhile that can be found in the different sites. As the primary networking and performance tracking arm of the Pips à la Carte family, MeetPips.com has grown its member base to include over 10,000 users since 2009.
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