Oanda releases "top trader" statistics

This week Oanda released what they’re calling their “Top 100 Traders Statistics”. Every day, you can see the performance stats

This week Oanda released what they’re calling their “Top 100 Traders Statistics”.

Every day, you can see the performance stats of the best traders at Oanda over the past 24 hours. It’s a neat tool

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As of right now it’s a  “Labs” release so it could definitely use some tweaking on the usability. However, it is interesting to see some of the trading trends. For exaple, the most successful traders go Long more than Short and the least successful traders go Short more than Long. You’d think that shouldn’t matter at a fundamental, logical level but the psychology of the trades is different.

Hard to explain why that is, perhaps some experts can comment?

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Also, a good point that Oanda mentions is:

“These traders are not only selected based on overall amount of Profit and Loss, since that would skew the results toward hedge fund and big institutional accounts. Instead, the traders are sampled from wide range of account balances, from the micro, to the institutional, and sorted in descending order by their profit and loss incurred in trading activities over the last 24 hours.”

Good to hear that they’re including micro accounts. Why should profitable traders, trading proper, sensible strategies be excluded from such analysis just because they’re trading smaller accounts? Kudos to Oanda.

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