what is trading journal in forex 2024

Journal trading means that you write down everything you do while trading in a notebook so that you know what makes your trading more successful and what makes your trading fail.
Prepare a notebook and write down every trade you make, whether successful or unsuccessful, record them in your notebook, do this every day for a month.

First, in this notebook, record your trade details such as trade volume, profit limit, position model, and strategy to get a very clear view of your trades. Do this for each of your trades.

And in the second step, you should write down the things you did before the trade and your feelings during the trade, for example, what time you woke up, what time you had lunch, and many other things that we will explain to you.

For example :

were you happy or sad at the time you traded, were you relaxed or nervous at the time you traded, were you hungry or not at the time you traded, when did you trade, did you trade at home or at a party, where did you trade, what time did you wake up in the morning or go to bed at night, record all the things you did before trading

By recording all your work in the journal, you will know what you need to do to profit from the market and make your trades successful.

At the end of each month you should find all the things you did before your successful trading to start building good habits in your lifestyle and this will make your trading successful.

This work is one of the most important things to be successful in Forex and Crypto and it will help you to be very disciplined and doing this every month will increase the probability of your successful trades.

Note that you must first write down the details of your trade, such as trade volume, lot size, your strategy, stop loss and stop profit, and risk to reward.
Then go to the second step of writing a journal and write down things like your feelings, the time you woke up, etc.

We hope you found this article useful.