How important is Keeping a trading journal?

[Potuse]

Forex traders failed to keep a trading journal and it is important to keep this so that you can avoid common mistakes and try to become a better trader . Keeping trading journal is very phenomenal and it is instrumental to make a successful trading.

 

[Good-Person]

Forex traders failed to keep a trading journal and it is important to keep this so that you can avoid common mistakes and try to become a better trader . Keeping trading journal is very phenomenal and it is instrumental to make a successful trading.

A trading journal could help a trader in many ways. These journals could help traders to record financial transactions and monitor their trades as well when it comes to Forex trading.

 

[Planbizzle]

Traders might obtain a better knowledge of their own behavior and biases by collecting observations and feelings linked to each trade. Traders can enhance their decision-making and prevent the same errors from occurring in the future by admitting and benefiting from their failures.

 

[Kennysplash]

A journal keeps you up to date with your activities. So whenever there are profits and losses you record them down for future reference. It is quite handy to have one.

 

[joy101]

Keeping a trading journal is very important because it can serve as your manual towards trading, so that you do not make mistake why trading that could result to lost.

 

[saoussen57651]

Keeping a trading journal is very important because it can serve as your manual towards trading, so that you do not make mistake why trading that could result to lost.

Most of the brokers could give you your trading journal either by email or downloadable pdf or electronic version this means you could have it anytime stored on their server so it is not a big problem.

 

[Abigael]

Keeping a trading journal is indeed very important for a trader. This journal will be used to record progress and recall things in future. That way, you don't repeat the same things that led to your failure sometimes back.

 

[Ononivami1]

It is crucial to keep trading journals because it allows you to keep records of your trading activities which will be as a source of encouragement and it will be an informational source as well because you can run to it and pick strategies you will utilise in a trade.

 

[Yohanna]

Keeping a trading journal is a very good way to record your performance and you can look into the your best performances and continue to utilise the strategy to win.

 

[Potuse]

Keeping a trading journal is a very good way to record your performance and you can look into the your best performances and continue to utilise the strategy to win.

Beside, you can use the trading journal to create a trading strategy that you need to follow. More so, trading journal is important for forex trader to always take into consideration.

 

[Grant]

It can't hurt to have a journal of your history, as it can help you keep track of mistakes and grow from them.

Keeping your history known, can be a big help.

 

[Ononivami1]

Keeping a trading journal is a very good way to record your performance and you can look into the your best performances and continue to utilise the strategy to win.

The importance of keeping the trading journal cannot be overemphasized because you must ensure to record your losses and profits and the strategy used to actualize these events in order to make an informed decision in the future.

 

[Mayorla]

A trading journal is a record of all your trading activities. One of the importance of keeping a trading journal is that they allow you to be able to access your overall performance, and improve your trading decision.