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Keeping tradeing journal
Nov 24, 2024 at 05:57
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2 Replies
forex_trader_3929664
Member Since Nov 19, 2024
43 posts
Nov 24, 2024 at 05:57
Trading journals help traders learn from their own mistakes, discover strengths and weaknesses in their trading strategies, and improve results. Most professional traders use some form of trading journals. They keep traders accountable and prompt them to take more reasonable trades. They also help avoid opening unnecessary trades. Understandably, when you are documenting your trades, it's more likely to be more selective in your trading setups and avoid mistakes.
Interestingly, the trade journal can not only provide valuable insight into the results, but it can also have a great motivational value for traders. If a market participant sees that despite all of his or her mistakes and setbacks, the average monthly earnings are getting better, then this can be highly encouraging
Interestingly, the trade journal can not only provide valuable insight into the results, but it can also have a great motivational value for traders. If a market participant sees that despite all of his or her mistakes and setbacks, the average monthly earnings are getting better, then this can be highly encouraging
forex_trader_3929664
Member Since Nov 19, 2024
43 posts
Nov 25, 2024 at 11:15
Daniel424 posted:
Yes, you’re right—keeping a trading journal is very important. It helps you see your progress and stay focused on improving your trading.
Pretty well spoken
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