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How To Write A Forex Trading Journal
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How To Write A Forex Trading Journal. The date and hour of entry and exit position. The key to moving forward as a successful trader is implementing trading advice that matters to your unique experience. Learn what information should be recorded in a trading journal get a free copy of my trading journal. Its your trading journal.
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All right here are our 5 must-have elements of a forex trading journal. It will end up as the most important trading book you ever read. The whole process might be annoying to you but it is imperative if you want to judge yourself. You can download the Forex trading journal that I use click here to download the forex trading journal spreadsheet excel file you will need ms office to open this file. Enter your balance After every trading day enter the trades of the day Options you can fill in. Keep a trading journal religiously.
The only way you will ever improve is if you keep track of what you did.
Its your trading journal. Type how many trades you made how many winners the total profit for winning trades how many losers the total loss for losing trades and the net result. The direction of the position BUY or SELL The level of entry stop-loss and target. Creating and meticulously maintaining a Forex trading journal is the quickest and most effective way to develop into a disciplined and profitable Forex trader. Its your trading journal. Have a space where you can record thoughts before during and after the trade. 31072020 Mark when you stop trading for the day with a vertical line or text note. The following steps are a basic guide which are explained in more depth below. Charts of your trade. The quickest path to success begins with a brutal assessment of your progress. Look at the image above.
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