By Nial Fuller in Forex Trading Strategies 68 Comments. Magazines that published articles about Forex Tester:. Test your strategy during a financial crash and draw your own conclusions regarding risk management. It is designed for you to learn how to trade profitably, and to create, trwding and refine your strategy for manual and automatic trading. The way I look at a journal for Forex trading is along the same path. July 7, at pm. When you trade manually with real money, you are under stress.




Forex trading is a business and the more you begin to take your trading seriously and treat it as the business it is, the quicker you will begin to see results. Quick Note: At the bottom of this article I have attached a trading journal for you that is set out as a spreadsheet and also a PDF. You can use it in your own trading, as I am about to teach you in this lesson. This has everything you need to include in your own journal.

I have fore locked this journal and it is an EXAMPLE ONLY. It has been created this way so you can take it and add to it, making it your own with your own style and trading rule set. Feel free to make any changes to suit your own personal style. When I talk about a journal, my thoughts and teachings are a little different to what others are doing. A journal in the historic sense of the word is something you write your notes in.

The way I look at a journal for Forex trading is along the same path. The reason I look to the journal to do forex uk trading journal spreadsheet job is because this is where all our major lessons, all our major insights and all forex uk trading journal spreadsheet personal push and pull is going on. This is when the journal is going to teach us a lot. That is where the second part of the journal comes in.

We are journalling how we feel about the trade beforehand and making remarks on both the setup and our decision making process, as well as how it was we can up with the trade. Once the trade has won, lost or broken even we are recapping the trade, and importantly the decisions that were made during the process. In other words, why did we do that and at that time. Could we have done it better? Do you see why having these two processes the tracker and analysis fforex bring about such an important and powerful Forex trading journal to improve results?

A well thought out and detailed trading journal is a massive help for serious traders who regularly look back on their trading performance to make improvements. Without a journal you have no idea how you have performed over time. You will remember the last few trades, but a well-kept trading journal will be able to show you many things you would never pick up without it. With a journal you can review your trade remarks, your decision-making progress, you can see how far you have come and you can see exactly where you are going wrong.

The other major thing that your journal can do for you is to potentially help you spot errors creeping into your trading or help you change with the market. Many traders without a trading journal will simply up and change something about their trading that they think or assume will give them better firex. You will also be able to then look back after making the changes and see if your performance has improved, or if different changes are still needed.

Your trading journal needs to include all the boring things that are not much fun to input, but are necessary for a business. There are also other bits of information however that can massively increase the effectiveness of your trading journal and the improvements you get out of it. Apart from the basic trade details, every trade journal should have a few other things that will really increase the benefits of the journal. The first addition should be trade entry and exit remarks.

After filling out all the facts of the trade you should take a few moments to write down exactly why you are entering this trade and how you joirnal about it, INCLUDING the decision making process. This includes things like: why you are making the trade; how you decided on this entry; and how you have decided on the stop loss level and the target levels etc.

Are you confident of price getting to a certain level, or do you have any sort of doubts? Put this all down. In the trade journal you can download for free at the bottom of this lesson, there are three boxes. The Reason for Entry is where you will do your analysis about the trade. The notes section could include your mindset and decision making progress and anything else you wanted to include. Lastly, the Trade Results section is the recap of the trade, but also need to include things jurnal how you managed the trade, did you follow your plan?

Did not following your plan cost you money? Did you mentally struggle from something or need to work on something which would help? You will be able to learn what mindset you were in when you placed the best trades. From this you will be able to work out how you should trade in the future. Should you not trade when feeling a particular way? Should you only spreadsueet when you have certain factors met? These are all things you would only be guessing about without having the trade journal to look back on.

The really simple, fast and easy way to do this is go into your PC and create a new folder that will store all of these images. I am going to show you this example using MT4 platform. TIP: Make sure when saving you add the Pair or market name forex uk trading journal spreadsheet are trading but also the date so that when you want to go back and there are 40 EURSUD images, they are very easily separated by date.

In previous articles we have spoken about just how important it is that you have a trading routine that you follow each day. The best traders in the world are the traders who are consistent spreadshet who make the same great decisions time and time again. To create consistency in your trading results you need to have consistency in your routine. A way around this is to incorporate the data input and journal recap into your routine so it becomes part of normal life.

For example, you could make a rule that the last Sunday of every month is the day that you will sit down and go through your trading journal to recap and look for any improvements or errors that are possibly creeping in. This is important because if you are looking to spdeadsheet a trade, the mindset you are in at uj very flrex, the thoughts you are having or potential doubts you are feeling are all in that moment.

If you put this off to a later time, for example later than forex uk trading journal spreadsheet, then you will be feeling completely different. The trade would have moved and confirmed the doubts and crushed them by becoming a nice winners and all of a sudden your emotions and what you would write is degrees opposite.

You really do only get out what you decide to put in, so set aside some time and start treating your trading like the grading it is. FREE TRADING JOURNAL DOWNLOAD: I have created a FREE trading journal for you that you can download in both Excel spreadsheet format and also a PDF format. I have left the Excel Spreadsheet so you can edit and play with this to create it to suit your own trading. The PDF can forexx printed and filled in with a pen as you go along.

If you have any questions on any of this just post below in the comments section. How is it forex uk trading journal spreadsheet and helping your trading and how are you using it? Do you have any questions? Just let me know below! Johnathon specialises in helping traders reach their full trading potential by helping them master the art of price action trading and correct money management techniques.

I just Tweeted this. I think this is really helpful for traders of all skill levels to improve, but are unsure if keeping a trading journal is worth the effort. I wish I joirnal read this before I started trading years ago before learning through mistakes. I've read several other articles that place importance on tracking things like emotional state, etc.

I'd be curious to hear your thoughts on that. Very helpful Johnathon, I just Tweeted this. I think this is something Fx traders of all skill levels can use to improve. A lot of people suggest also recording other things like emotional state, etc. Very good fundamental description of how to follow up the psreadsheet. Since I just started to follow your strategy, I have started to use the journal from now. Following your PA trading rules. Love it, jiurnal you so much.

Pretty cool to see you promoting the importance of a trading journal. You can use an online tool like Trademetria forex uk trading journal spreadsheet. You can also subscribe without commenting. What is a Trading Journal and Why is it so Important? About Johnathon Fox Johnathon Fox is a professional Forex and Futures trader who also acts as a mentor and coach to thousands of aspiring traders from countries right around the world. This is a good journal I will start to use it.

I was looking for a simple article about this topic, and this is the most tradiny one.




Meet Doug, and his new Trading Journal Spreadsheet


My professional forex trading course is a 3 part advanced training course which will teach you all of my high probability price action trading strategies. The one thing every trader needs is a professional trading journal. Forex trading is a business and businesses need to keep records. Country/currency: Fri: Thurs: 1-Day: YTD: Fri: Thurs: Americas: Argentina peso: Brazil real.