Sunday, January 17, 2010

About The Forex Trading Journal

Why I create The Forex Trading Journal?

A Good Trading Journal is a tremendously valuable educational and self-awareness tool. It will help a forex trader recognize his/her trading strengths and weaknesses. All the successful traders keep a personal journal of their trading activities. Therefore, I create this blog to record anything in my forex trading journey. I am in no way a successful forex trader, in fact, I am just a newbie in forex market.

How will I write the journal of my forex trading?

I will record all of my forex trades here, including trade date, Time of Trade, the Currency Pair and Direction, Entry Price, Trade size, Exit Price, Pips, and profit/loss. Please note that I trade forex in my spare time and I don’t place orders every day, so I won’t update this blog daily, but I do update it as long as I trade forex.

Share anything about Forex Trading with you

It takes time to be a successful forex trader and I was told that one need at least 5 years to make steady profit from forex trading, because I need to learn and practice a lot. So I will also share you anything I learn about forex trading.

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