I think the mostly trader fail in the forex trading because the make the same mistake again and gain and i think the diary can help by keeping the track of what work for you and what doesn't. i think if used the diary consistently ,a well kept diary is you best friend in the forex trading business. so keep the forex diary
When keeping your diary, make sure that it contains at least the following:
The date and time you took the position.
The rate at which you took the position.
The reason you took the position.
Your strategy for the position.
The date and time you exited the position.
The rate at which you exited the position.
Your profit/loss on the position.
Why you exited the position. Did you follow you strategy?
When keeping your diary, make sure that it contains at least the following:
The date and time you took the position.
The rate at which you took the position.
The reason you took the position.
Your strategy for the position.
The date and time you exited the position.
The rate at which you exited the position.
Your profit/loss on the position.
Why you exited the position. Did you follow you strategy?
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