Whether you should keep a trading journal may be your question when you want to trade in a Forex market. Well, if you read the Juno Markets review instead of the plethora of Forex blogs out there you will come to know about it and make a useful decision. A trading journal for a Forex market is much different from writing a diary that most people commonly do. If your trading journal is really good then it will reflect your true professional attitude in it. It will also show that you want to be a good trader and have the willingness to learn more which is good in such a volatile market.
Reasons to keep it
Apart from becoming a good trader, there are a lot of reasons to keep a trading journal. It will help you to understanding yourself as well as the instruments that you deal with. You will find the right words to describe you and your situation in life and help you to see a clearer picture about the risks and possibilities in your venture in the short run. It will help you to quantify your results properly which are a crucial part for every successful trader. You will not come out too early or too late. You will know the reasons and feelings and also about the best and worst without cover.
Determine the way you trade
A trading journal will help you to improve the way you trade. You will spend the exact time required to register for each trade and study finances. The journal will be your coach and you will make right decisions always. However, you must include the key components of a useful trading journal. These components will determine the way you trade. Include the entry trigger, the position size the trade retrospectives and the trade management rules. Trading in Juno Markets can be difficult without strategies.