CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

# xStation 5: Statistics

INTERMEDIATE - Lesson 11

One of the unique functions of xStation 5 is live statistics on your trading performance. These statistics update in real-time and are a modern day trading journal that may help you understand what aspects of your trading are successful and identifies areas for improvement.

This lesson takes approximately: 10 minutes

## Start investing today or test a free demo

You can find the ‘statistics’ tab at the top of the platform.

First select the timeframe you want your statistics to cover and then confirm whether you want to show data in your base currency or pips.

Your statistics page will then automatically generate a wealth of information on your performance.

Including:

• Your profit generated for the chosen time period, which in this example is 361.17 GBP
• Your average result per trade, the total number of placed trades and your maximum drawdown. The maximum drawdown is the maximum loss from a peak to a trough of a portfolio, before a new peak is attained. In this example you can see that it was minus 500.70 GBP
• Your profitable and losing trades, so you can assess what your highest profit and loss was in addition to the average. As you analyse your highest profit - 440 GBP - and compare it to your largest loss - 376 GBP - you are able to identify and reflect on your risk:reward ratio.
• The success rate of all your trades - where you can find out if you are more successful going long or short. This breakdown will help you identify whether you have better results depending on the direction you trade. So in this example, the trader clearly performs better going long on a market, given his success rate going long is 37.5% compared to 11.1% when going short.

All the aspects of our statistics tab can help you to better understand the areas you can improve on as a trader to help make you more successful.

## Quiz

Test your knowledge of this lesson with our quiz:

1/3

2/3

xStation 5 statistics give you information on:

3/3

Choose the correct definition of a maximum drawdown:

Sorry but you didn’t pass this quiz, you can try again. Your score is . Wrong answers:

Success! You passed this quiz. Congratulations!

## Next course: Introduction to CFDs

Learn what CFDs are and how you can use their features to enhance your trading experience.