Saturday, October 09, 2010

The important of having a Forex Trading Journal - Written by casey

I am going to start an online Forex Trading Journal that will be a public log of every trade I make. There are a couple of reasons I am going to start posting my trades here on the Winners Edge Trading blog. First reason is because I want to follow my own advice in an article I wrote last week about forex discipline. If I am going to write about doing it, I want do to it and live it. So this will be my trading accountability structure. All of you will be my accountability partners, and I want every one who reads this blog to help out. You guys can post your trades her as well and we can get some group feedback. I will write all the entry points as well as stop loss, and take profit target. I will also include my pre-trade analysis as to way I take each trade.

The other reason I am going to post my trades is because I have been getting tons of emails about my trades and strategies. In addition to helping me in my trading I believe this will help everybody else as well. To keep my entries to a manageable number I will only post swing trades with a daily, 4hr, or 1 hr entry candles.

I am always writing about keeping a Forex Trading Journal so now I will teach you how to keep one as well by following this journal. The journal will start tomorrow because it is the first of the month. It is easier to show someone something then it is to tell someone about it. This way I will be showing you how to keep a journal. Please join me and participate in this Forex trading journal because as always your participation is what is going to make this a success. Winners Edge Trading would not be here if it was not for this great community. If you like this idea or have any other ideas about how I should proceed please include it the comments below.

1 comment:

wINtoTo N aLSo 4D...yEAh! said...

Yes....how true? I must start with one too. The reason was that when I want to trade the Non-farm Employment report on Friday, I want to know how was the result for the last release and the reaction to it!

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tO hAVe FuN wiTH mY liFe aND aLsO wAnT mY loVED oNeS tO hAVE tHE SaME tOO. :) bUt iN rEAL LiFe tHaT sHouLd bE sOOn.