Why Is Keeping a Forex Trading Journal Important for Successful and Failed Trades?
Given that almost every broker offers real-time access to your trade history, you might question why you need to keep a separate trading journal. It may be argued that the broker's records also maintain track of available buying power, margin utilization, and profits and losses from each trade. However, here are some reasons why maintaining a distinct forex trading diary can be helpful. Join multibank group trading bonus program. Archival Evidence The journal, as time goes on, will offer a look back at events. In addition to detailing every deal you've made; it also shows you exactly where your trading account stands briefly. In other words, it becomes your very own performance database, allowing you to look back in time and analyse things like your trading frequency, the success of individual trades, the relative performance of different currency pairs, and the optimal trading time frame for maximizing your profits. instrument for planning A good fo