Analysis
Trading journal
A contemporaneous record of every trade and the reasoning behind it.
The journal logs pair, setup, entry, stop, target, risk in R and the reason for the trade at the moment of entry, then exit, result and whether the plan was followed. Written afterwards, the account is a reconstruction shaped by the outcome.
The plan-followed field matters more than profit: a losing trade taken exactly by the rules is a good trade. Reviewed weekly for behaviour and monthly for statistics, the journal is what converts experience into an improvement you can name.
Taught in these lessons
- What is a pip? — Forex Foundations
- The bid, the ask & the spread — Forex Foundations
- Risk management basics — Forex Foundations
- How to choose a broker — Forex Foundations
- Order types in practice — Charts & Execution
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