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Forex Journal Some good forex trader prefer to record a journal for of their trading performance. This could bring some motivation for to be able to use in trading. However, some of them record a journal only to just take for granted to newbies. So please becareful.

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22-09-2011 until 22-10-2021
darwisy darwisy is offline
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Guideline to create a fx journal

1. First post - introduction.(What trading system is used, what timeframes and pairs are selected, what is daily target in % or pips,

2. Continuation post - Always put the date and time or time session i.e. asian session, uk session & us session.

3. Post chart screen shot

4. Based on chart screen shot, describe your market view and analyze accordingly.

5. According your analysis, mention your decision 'BUY/LONG' or 'SELL/SHORT' and why you take that position.

6. Mention or identify where is your level SL or where you will CUT LOSS if price against you.

7. Update your results 'WIN' or 'LOSS'. It is better if you can record in spread sheet or EXCEL file.Put any lesson learnt and what you have learnt in that trading.

8. Every week after end trading day, summarize your win loss result. How many time you win and how many time you loss position. What is percentage gain or percentage loss. Post your screen shot result performance graph. Screen shot also your equity or balance (optional).

9. Every month, repeat step 8 for monthly summary your trading performance.

10. Every year, repeat step 8 for yearly summary your trading performance.
"Market has a structure"

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