Overview

The EURUSD Trading Journal. A trading journal is a way for you to keep track of your trades. It's a way for you to manage your business, and it helps you become better by seeing what marks you are hitting and what you are missing. It is only a reflection of yourself and does not judge or criticize. For Active Daily Forex Traders What to Write Down In This Trading Journal? Daily Observations of the market. Each day is different in the market, but that doesn't mean there are certain tendencies or behaviors that you can take advantage of. With careful and consistent observation, you can find these tendencies and create or adjust your strategies to them. Also, if the environment changes, you'll be on top of the situation and change with it! Your Trades. Every trade is a decision you make. You can write 5 trades per log page. All important data included: -Date/Time Open -Buy/Sell -Trade Size -Entry Price -Stop Loss -Take Profit -Risk Ratio -Date/Time Close -P/L -Strategy Used Trading mistakes and missed opportunities. Mistakes and missed opportunities are just as detrimental to your success as the market going against your trade. Closing trades too early, not taking legit setups, entering the wrong entry levels or positions sizes, etc. should be recorded in your journal so that you avoid the same mistakes in the future. Performance statistics. Many aspects of your forex trading performance can be quantified into hard data. This gives you a realistic picture of how you're doing. Each page includes sections for: -Observations of the market -Trading Log Table -Trading mistakes and missed opportunities -Performance statistics -Comments

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9781794523081

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