wasnt an actual trade that I took, although it was a good price trading action setup. If the order never gets filled just delete it from you journal. If you have a tangible track record that shows your ability to be consistent and disciplined over time, you wont want to mess up this display of mental strength by committing emotional or stupid trading mistakes. Final thoughts Documenting your Forex trading results is a necessary component to becoming a professional Forex trader. Forex Trading Journal here, i Track All My Trades Using This Spreadsheet. Also, you will notice that if you take profits prematurely this greatly lowers your risk : reward ratio, and of course if you take a risk that is larger than what you had planned the same thing happens. Creating and maintaining a Forex trading journal is one of the most important pieces of the puzzle of professional Forex trading. Having this tangible piece of evidence to explicitly show you how discipline and patience pay off over time, is a critical element to attaining and maintaining the proper Forex trading mindset.
My advice is don't bother trying to find a template as it probably won't fit your trading anyway.
Hi Guys, I am new to this forum but thought I would post a template of my trading journal I have just made because after searching the net I couldn't find one that exactly fitted my needs so I made this one.
Designed for all: Forex Currency traders.
The Forex Trading Journal has (8) modifiable Performance-tracking categories, for expert trade analysis.
Tons of great features, functionality and analysis built in to each product version.
You can download the Forex trading journal that I use click here to download the forex trading journal spreadsheet excel file (you will need ms office to open this file). Entry date: This is self-explanatory; the date you entered the trade, the date you got filled is what you want here (if the order got filled). Activity TAB,"s TAB, trading plan history TAB, needs improvement TAB. A good journal will capture your actions as close to raw as possible. Finally, as we discussed in last weeks article about a day in the life of a pro trader, your trading should be a routine. Exit date: Date the trade closed. The, tJS product has gone through countless improvements since those early days, and is now being used by thousands of traders in nearly 100 countries.
If you are unsure which currency pairs are best to trade, check out this article: best Forex currency pairs to trade? In this post, Im going to show you how I started keeping my trading journal in excel, how you can do the same, and how you can even download this template for free! As your trading journal progresses over a series of trades, you will start to see the significance of it more clearly. Possible Reward: How much money are you aiming to make on the trade? They all loved it, and more importantly, they benefited from the analysis it provided, and were adamant that it should be available to other aspiring traders. Please Make a comment after reading this article and Click The Facebook Like Button, Pay it forward and share it around with other traders. In last weeks article I discussed what a typical day in the life of a professional Forex trader is like. . If Your Impatient and Cant wait to the end of this article. And the ability to use formulas to automate some of the processes and make it more efficient.
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