What can you see in the account history of a trader’s trading terminal?

The trading platform is a multifunctional tool for carrying out financial transactions on exchange and over-the-counter markets.

Despite the variety of software, all terminals can be divided into 2 categories:

1. Trading.
2. Analytical.

Few novice traders have heard of the second group of terminals for making money on financial markets.

What distinguishes them from the well-known ones is the variety of integrated analytical tools that are not provided by the developers of trading platforms.

Analytical terminals are used by traders solely to assess the current market situation.

Oddly enough, when studying financial markets, novice traders devote most of their time to practice.

The vast majority of this category of bidders ignore theory, and the education stage comes down to finding an effective strategy on the network and testing its effectiveness on demo account.

For these purposes, the most popular trading terminal MetaTrader4 is installed, which can be downloaded either on the developer’s official website or on the broker’s page after creating an account and authorization.

Of all the functionality of this trading platform, it is worth highlighting the account history.

This tool can provide invaluable assistance to beginners in trading, understand their own mistakes and try to avoid them in the future.

What is the role of account history and how can it be used in trading?

Account history in the MT4 platform stores all important information about transactions over the past period.
 
This information is displayed in the terminal’s additional menu located at the bottom: Trading account history is displayed in table form and contains the following information about previously opened orders:

• Time of placing a trade order.
• Order type.
• Transaction volume.
• Currency pair.
• Order opening price.
• The meaning of stop loss and take profit safety orders.
• Time to close the deal.
• The fixed value of the asset at the time the order is closed.
• The meaning of “swap” is the fee for transferring a transaction to the next day. It can be both positive and negative.
• Financial result of the order (profit/loss).

In addition, at the very bottom of the table the total value of the profit received by the trader is indicated, as well as the amount of withdrawal of funds and replenishment of the account:
 
This data is necessary for carrying out effective work on errors.

The MT4 account history table shows the opening/closing prices of a trading position, as well as the values ​​of safety orders. This information will allow you to find market entry points on the chart and re-analyze the situation.

Beginning traders should carry out such work, in case of unprofitable trading, at least once a week. Attention! Working on mistakes is an integral part of a successful trading career. This will allow you to make appropriate adjustments to your trading strategy , which will significantly affect profitability in the future.

In no case should we underestimate the importance of working on mistakes!

Conclusion

Account history in the trading platform is an effective assistant for any trader.

Thanks to the detailed information about transactions presented in the table, the user has the opportunity to effectively work on errors and make appropriate changes to the strategy.

Potential investors also pay attention to the account history when assessing the attractiveness of your trading for investment.

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