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Maintaining a Trading Journal Do you perceive what is a foreign exchange procuring and promoting journal? Do you perceive the importance of holding a foreign exchange procuring and promoting journal? A procuring and promoting magazine is a list or a ebook which retains song of all of your a hit or unsuccessful trades. It could be very primary for you to preserve song of all of your trades, regardless of even if you win the commerce or lose the commerce as you could use this data for destiny trades as a reference. Lets say entered a commerce with a few cause in exact procuring and promoting hours, but you misplaced the trade. The methodology could need labored for you previous but no longer on this procuring and promoting hours. With this trade, you come to know that the methodology will no longer work within the exact procuring and promoting hours. If you do no longer observe it down or preserve song of it, in destiny it's possible you'll do the similar mistake back and it's possible you'll lose the commerce again. A procuring and promoting magazine could be used to refer all of the errors you did within the previous so it's possible you'll no longer do them again. All a hit foreign exchange merchants hold a foreign exchange procuring and promoting journal. So in the event you happen to desire to hold your personal procuring and promoting magazine what are the primary issues that you've got observe down. The following are a few of the issues which you simply could observe whilst you leap writing your personal foreign exchange procuring and promoting journal. Trading Currency Pair: Note down the foreign money pair you're procuring and promoting otherwise you've got traded for instance EURUSD, GBPUSD etc. Long or Short: In foreign exchange phrases Long ability shopping for a foreign money pair and quick ability promoting a foreign money pair. Record regardless of even if you purchased the foreign money pair or offered the foreign money pair. Trade Won or Lost: Record regardless of even if you won the commerce or misplaced the trade. If you won the commerce observe down the cause why you won the commerce like every methodology you used, any financial data you used to input the commerce etc. Also observe down the go out technique you used for coming out of the trade. If you misplaced the commerce then also you ought to observe down the causes for shedding the trade. Trading time: Record the day and time you entered the trade. Also list the time zones you entered like asian time zone, london timings, NY timings etc. This could be very primary as a few trades could go basically in exact timings and this information, you could use in future. Entry Price, Exit Price and No. of Pips: Record the access charge and go out charge and likewise the quantity of pips you misplaced or won. No. of plenty you traded: Record the quantity plenty you traded. Any tactics used: Record any tactics or ways you used on your trading. Screenshots: Screenshots are very primary whilst you're holding a procuring and promoting journal. As all folks know a photograph speaks a thousand words. Even in the event you happen to observe down all of the above issues and in the event you happen to do no longer have a picture, in future, it's possible you'll no longer be capable to recognize your personal commerce you took. So saving a photograph of the trades you're doing could be very important. The above are a few of the issues which you simply ought to observe down in the event you happen to desire to develop into a a hit trader. You could also observe down any extra remarks, in the event you happen to want. How to hold a procuring and promoting journal: Generally foreign exchange merchants use an excel work sheet or a microsoft phrase to preserve notes of the above issues (to hold procuring and promoting journal). But whilst the quantity of trades are increasing the measurement of the tips also increases. Moreover whilst you're saving the screenshots of the trades the dossier sizes will increase extra and more. So it causes issues in establishing or saving those files. So after a sure level it's possible you'll ought to leap a brand new excel or phrase file. These issues trigger you problem whilst you desire to sort your trades. For instance you desire to take a show up in any respect your misplaced trades or all of your profitable trades. It could be very hard to sort the trades in the event you happen to save them in excel or phrase files. That is why, forexbees.com is providing you a a hit method of holding your personal procuring and promoting journal. Once you login to forexbees.com, underneath navigation block on the left area it's possible you'll see the hyperlink "Create Content". Click on the hyperlink and it's possible you'll see the "Trading Journal" link. If you click on on that it's possible you'll see the procuring and promoting magazine kind with here ideas you could use whilst you're creating your personal procuring and promoting magazine post. This is totally personal and no elase, unique than you, can watch your procuring and promoting journal. Title: You can input any name that matches your commerce like "EURUSD wreck out commerce - hourly chart - lost" or "GBPUSD MACD convergence divergence commerce - each day chart - won" etc. It's higher in case your name can inform you what variety of commerce you're doing on the primary look so that it's going to be simple for you in destiny to discover out the commerce you want. Trade Date: You can decide on the date on which you did the trade. If you're lately doing the commerce you could go away the date because it is. Vocabularies: Vocabularies are the unique categories which you simply could use to categorize your trades. The following are the unique categories handy which you simply could decide on whilst creating your procuring and promoting magazine post. Currency Pair: This class exhibits the unique foreign money pairs like "EURUSD", "GBPUSD" etc. You must decide on the curreny pair you're procuring and promoting whilst you're creating you own procuring and promoting magazine post. Short or Long Trade: If you purchased the foreign money pair you could decide on the "Long Trade" choice or in the event you happen to offered the foreign money pair you could decide on the "Short Trade" option. In foreign exchange terminology Long Trade ability shopping for a foreign money pair. Short Trade ability promoting a foreign money pair. Trade Won or Lost: If you won the commerce you could decide on the choice "Trade Won" choice otherwise you could decide on the "Trade Lost" option. Teaser or Summary: Teaser or precis is a small description of your procuring and promoting magazine entry. You can frequently copy and paste the primary few strains of the physique of the procuring and promoting journal. Body: You can input any facts about your trade. Image Picker: This could be used to add photographs or screenshots. This exhibits 4 tabs. Upload, Current, Browse, Groups. Under "Upload" tab web page you could add photographs or screenshots of your trades. This accommodates the photograph dossier subject utilizing which you ought to decide on the photograph or screenshot of your foreign exchange commerce to upload. After that it asks for the thumnail measurement of the screenshot. I frequently use a thumbnail measurement of 400 px as I desire to align the photograph or screenshot within the middle of the content. "Scale Image" you do no longer must make use of it. "Title" of the image. You can input any name for the photograph as this could occasionally seem on the best of the photograph on your procuring and promoting magazine post. "Description" of the image. You can input any description for the photograph and this could occasionally seem on the backside of the image. Once you add any photographs you could see them underneath the "Current Images" tab and likewise underneath the "Browse Images" tab. "Current Images" tab exhibits the photographs lately up to date and basically for this post. "Browse Images" tab exhibits all of the photographs that you've got uplodated for all of the posts that you've got uploaded the pictures. Select any picture. If you've got entered the name and description decide on the "Description" examine box. Othewise you won'tsee the name and description that you've got entered for that picture. If you desire to insert the screenshot left aligned within the physique decide on left option. If you desire to insert the screenshot proper alighned within the content material decide on proper option. If you desire to insert the screenshot within the heart of the content material decide on the choice "none". Click on the physique subject somewhere. Click on insert button and the photograph is also inserted within the physique field. File Attachments: If you desire to connect the screenshots that you've got taken you could use the dossier attachments and the screenshots is also hooked up as tips to the content material and likewise you could obtain them any time you want. Once you create a procuring and promoting magazine access you click on on the "Trading Journal" hyperlink on the left hand area to see your procuring and promoting magazine entries. On the procuring and promoting magazine web page you could also see the ideas to sort your trades founded mostly on commerce dates, foreign money pairs, trades quick or lengthy and trades misplaced or won. Calender: Under the calender block it's possible you'll see a calender which you could use to see the trades on unique dates. Click on any date underneath calender block and it's possible you'll see the procuring and promoting magazine entries in the event you happen to entered something for this date. Currency Pair: Under the foreign money pairs block it's possible you'll see all of the foreign money pairs. If you click on on any foreign money pair it's possible you'll see any procuring and promoting magazine entries you entered for that pair. Trades Won or Lost: Under this block it's possible you'll see NULL ideas - Trades won and Trades Lost. If you click on on any of the ideas it's possible you'll see all of the trades you which you simply won or lost. Short or Long Trades: Under this block it's possible you'll see NULL ideas - Short Trades and Long Trades. If you click on on any of the otpions it's possible you'll see all of the trades you purchased or sold. So this gives much of ideas to you to hold a really nice procuring and promoting magazine to develop into a a hit foreign exchange trader. You do no longer must hold your procuring and promoting magazine in excel or phrase tips which take much of time to open or save them. You too can add your commerce screenshots or connect them as dossier attachments.