Maintaining a Forex trading Journal - Good or bad

[kalex76]

I saw that some Forex traders are maintaining a Forex trading Journal .How its been beneficial for them or other traders ..its a good or bad practice ,can you share your opinion about this ?

I personally feel its a very good thing to make a trading journal as that can show our trading ability to others .

 

[tomosie]

Yes its good. We can write what we do on trade. Our analysis and our open trade all of it we make a journal. If we got loss we can learn what make our trade wrong so we can learn something from our lost

 

[SanaFx]

Yes its good. We can write what we do on trade. Our analysis and our open trade all of it we make a journal. If we got loss we can learn what make our trade wrong so we can learn something from our lost

If we are having a good and stable trading analysis then our ability to get income will increase and we can get more profits also

 

[kalex76]

If we are having a good and stable trading analysis then our ability to get income will increase and we can get more profits also

yes me also feel that if we can maintain a trading journal ,we can easily improve our trading performance with time as we can judge our past performances that in which part we are stronger and where we are weaker ,like that we can improve the ability of trading with time .

 

[SanaFx]

yes me also feel that if we can maintain a trading journal ,we can easily improve our trading performance with time as we can judge our past performances that in which part we are stronger and where we are weaker ,like that we can improve the ability of trading with time .

If we will have some knowledge about the trades that we are doing then our trading will also become easy and this is the way we can start earning a good income for ourself

 

[kalex76]

Actually by Forex trading journal we can see how we are progressing with time and how much self determination we can show in the longer run because its not so easy to maintain a consistent profit and show the Whole World about your way of trading ,some traders hesitates.

 

[tomosie]

If we do write our trade we can learn if we make wrong position so we dont repeate the flase again and make money of it

 

[novarisa]

If we do write our trade we can learn if we make wrong position so we dont repeate the flase again and make money of it

It depends on how well you can analyze the charts, If you do it really good, you will end up collecting some profitable pips in your trading activity

 

[SanaFx]

It depends on how well you can analyze the charts, If you do it really good, you will end up collecting some profitable pips in your trading activity

If we know the importance of trading with the help of c harts we will be able to know what is the best trade for us and how we can get more profits from our trading

 

[kalex76]

If we know the importance of trading with the help of c harts we will be able to know what is the best trade for us and how we can get more profits from our trading

yes for that maintaining good charts in the trading journals are importance because in future we can see such charts and can easily guess that how we took such entries and what was the fate of that .So every traders are being advised to use charts analysis in their trading journals.