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Track your trading performance
- Thread starter Coner1980
- Start date
Keeping record of your trades will help you in the long run as you will be able to trace where you are going wrong. You can use an excel sheet to record your trades.
Tracking your trading performance is a good habit and should be inculcated by every trader. It will help you to understand the best and bad areas of trading and work on them.
Without tracking your performance then you cant see if you are making a consistent profit each month which is one of the goal for all trader. Trading is long term and consistency is the key.
I agree with you Peter, observing the results you can plan future trading, test new strategies etc, so in my opinion tracking trading performance is very important
In trading if you keep a track of your performance, you can point out many loopholes that may be the reason of your loss. I personally maintain an excel sheet to see where I went wrong!
Tracking your trading performance also makes you a disciplined trader. You know where you lack and with practice, you can improve those areas.
Tracking your trading performance also makes you a disciplined trader. You know where you lack and with practice, you can improve those areas.
Yes, I believe the same, tracking one's own performance not only helps us to identify loopholes in our last trade but also helps us to get positive results in our trading.
Tracking performances helps in understand the mistake and making changes accordingly. Also it helps in making trading trades more efficient everyday.
Journaling is very important in forex trading as it allow traders to keep a record of their past trades and avoid making the same past trading mistakes in the future.