If Your Impatient and Can’t wait to the end of this article. I Track All My Trades Using This Spreadsheet. Pay it forward and share it around with other traders. Why do I need a Forex trading journal Nial? First off, you need a trading journal because you need to track your trading performance over time. Next, developing a track record is something you should take pride and pleasure in doing. If you have a tangible track record that shows your ability to be consistent and disciplined over time, you won’t want to mess up this display of mental strength by committing emotional or stupid trading mistakes.
Finally, as we discussed in last week’s article about a day in the life of a pro trader, your trading should be a routine. Creating and maintaining a trading journal gives you the structure required to build your trading routine on and it also helps you examine and focus on each individual element of a trade, which we will discuss below. What should my trading journal include and how do I make one? The images below are actual screen shots of my trading journal. I took, although it was a good price trading action setup. If the order never gets filled just delete it from you journal. If you are unsure which currency pairs are best to trade, check out this article: best Forex currency pairs to trade?