[Forex Trading Journal App For Mac
Oludare Padilla
Most of our trading losses coming from a set of trading mistakes. Once you have analyzed the patterns to identify which trading mistakes are making you lose money, you can focus on ensuring you avoid them on your next trading day.
Unlike any other market replay, you can make use of our inbuilt screeners, level II, times and sales, charting and your trades will be automatically synced with your trading journal allowing you to analyze your performance.
Since I began journaling on it, I've been able to see where my most common mistakes are and how I can actionably start improving. The platform is so easy to use and straight forward in providing the analytics you need in order to improve your trading. It's literally the best tool for traders to use.
Keeping a trading journal is a great way for Forex traders to track their progress and analyze their trades. There are many benefits to keeping a journal, including helping you identify your strengths and weaknesses as a trader, establishing good trading habits, and allowing you to reflect on your trades and make improvements in the future.
Whether you handwrite your journal or use an electronic version is a matter of personal preference. Some traders prefer to handwrite their journal because it helps them better retain the information and reflect on their thoughts. Others prefer using an electronic journal for its convenience and accessibility.
At that time I was trading a lot, and I had trouble keeping up with all the trades. In the end I switched to journaling in a MS Word document. That too, became too time consuming for me. Now, I just have a excel spreadsheet.
Date, time, if it was a win or a loss and I have the rest of the line to note if something was different or maybe something I think is worth noting. Usually there is not a lot to note there so the line stays empty and only date, time, win-loss is written down.
I keep both a hand written journal and an excel spreadsheet, the excel journal is for my trading stats and charts, while the hand written one is for my psychology and planning (like my normal life journal)
Like confirmed trend in daily, 4hr and 1 hr TFs. Or Elon Musk said so. Ha! Or bounce off zone or something like. That would be easier to read and identify trends in other trades later on and not having to read just a big paragraph of text you know.
I have not been successful at trading forex except for 2 years ago when I had a small profit for the year. I started keeping a more in-depth analysis of all my trades. I print a Word document with why I got into a trade, comments on the trade development and how/why the trade closed, plus a screenshot print-out. I have only been doing this since January 1st, 2023, and so far, it has not helped. Before I was keeping track of trades, but not in a detailed manner. I have read where this is important to do so I am giving it a try.
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The past 14 years that I have been trading the markets have taught me valuable lessons that I have been sharing with my trading community via my social media platforms, blog, App, and Podcast for free.
A lot of times, traders put more effort into working on strategies while neglecting themselves. I also fell into the same trap of spending more time working on strategies. I kept on switching from one strategy to another. It wasn't working until I realized that I was the problem and I needed to fix myself. I have published a podcast episode on this topic, you can listen HERE.
It took me wasting 3 very costly years of my trading career to finally understand that. I am often asked how did I gain such a level of discipline and consistency in the markets that are constantly devouring traders. My answer to that is very simple, I stopped focusing on strategies and started to focus more on developing myself.
One of the things that helped me stay focused, disciplined, and consistent, was keeping a Trading Journal. I think it was around 2013/4 when I started using one. I would just take a normal notebook and note down all my trading activities and it helped me greatly in terms of keeping track of my progress. It also helped me shift my mindset and I started to view my trading account as a serious business and an investment instead of looking at it as some cash cow.
I have now decided to publish a fillable, reusable, undated, and printable Forex Trading Journal because your girl also wants to move with time. It has been months since Forex With Ntombi Trading Journal has been published and on sale. I have been receiving lots of questions regarding who it is suitable for. I decided to pick the most frequently asked questions and answer them in this post. Below are the most asked questions and their answers.
As I have mentioned above, it helped me shape up and manage to keep track of my trading activities and to stick to my trading plan. I wish I started earlier. Journaling helps you form habits and stick to your program. I am a very big fan of journaling, I also keep a gratitude journal and a self-love journal.
Just like any other journal, this Trading Journal is your personal space. I also used a journal to keep track of my eating habits and it made it possible for me to stick to my diet and I was able to reach my body goals faster. I have records of how I did it, the foods that are not good for my health and weight. I know this because I journaled everything.
Yes, I would say that one must start using a Trading Journal as soon as they start trading on a demo account. The main aim of trading on a demo before using your real money is to practice and get a hang of it before you start investing. So if you start implementing all the good behaviours right from the demo level, it will be easier for you to teleport those good behaviours and principles into your real account. A Trading Journal does not only help you with planning, it also helps you to stick to your plan. So using it while on a demo is recommended.
As I mentioned in the beginning journaling helps you stick to your plan (whatever the plan is). I used journaling to help me stick to my eating plan. So, a Trading Journal is there to help you plan and stick to your trading plan. It also helps you identify areas that need improvement. This applies to any trading method or strategy. A Trading Journal is for you to note down all your trading activities as well as track your progress. So the answer to this question is a big YES.
NO, Forex With Ntombi Trading Journal is undated and reusable. You only purchase it once and use it every year. You can also JOIN MY AFFILIATE PROGRAM and EARN 20% commission for every copy sold. This will also help me spread the word and help more traders get organized, track their progress, stick to their trading plan, and gain consistency.
A trading journal is a log that you can use to record your trades. Traders use a trading journal to reflect upon previous trades so that they may evaluate themselves, and you should too! You can use journals to evaluate where you can improve your trading. They are a useful form of record keeping.
Keeping a journal is a simple yet extremely effective way to improve a trading plan. A trading plan is a set of rules and guidelines you will follow that includes strategy, risk management, and trader psychology.
The standard format is an example of a simple trade journal. It can help you reflect on your trades, but with a few extra criteria we can enhance the journal so that it provides much more useful information.
Reason for trade: The reason could be due to technical or fundamental analysis or a combination of both. Once you have executed several trades you can reflect on this information to see if your reasons for trading are bearing tangible results. This could also help you determine which strategy works better for you - technical analysis or fundamental analysis.
Other: You can put whatever you feel is necessary to record in your journal. Some traders add a criterion for how they feel emotionally when placing the trade. Anything you feel will help you, write down.
If you have a conviction criterion in your journal, tally up the amount of successful trades made when your conviction was high, medium, and low. Once you have this data you can make the decision of whether it is worth trading only when your conviction is high or not.
Having discussed the different criteria, you could include in your journal, the table above illustrates how you could organize all this information in a spreadsheet. You can download the template above for personal use from page five of our free building confidence in trading guide.
Having a trading journal should be one of the first steps traders implement when learning to trade. A journal is of utmost important to testing different strategies and finding which trading plans work for individual traders.
Our number one goal is to make you a more profitable trader. This is achieved by offering a structured approach to your trade planning and position sizing/risk management as well as an easy-to-use way of journaling your trades making reviewing and learning from previous trades an integral part of your trading routine.
Now that we have the basic stuff out of the way, let's get into two other things that we can journal that will make us better traders. These things cannot be journaled in MyFxBook, so that is where something like Evernote is especially helpful.
The first thing that I will be journaling is the possible setups that I occasionally see in the market. It is a good way to create notes that I can go back to later and possibly turn into new trading methods.
In his first book, Pipe Dreams, Kelly mentions that one of the habits that he picked up early on was to review the results of his heats. This helped him figure out what he was doing wrong and what certain judges were looking for.
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