Forex for beginners
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Use of a personal trading journal

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Use of a personal trading journal Empty Use of a personal trading journal

Post  ilearn2t Sat Aug 02, 2014 9:31 pm

Hello Everyone

The main reason "newbies" fail in this business is a lack of experience. You're up against the best and brightest minds in the world that have years of experience over you. The best tool that can help speed up your learning curve is the implementation and use of a personal trading journal. So get posting and show other members/guests your trading skills or lack of skills in some cases.

Setting a stoploss (S/L) is a crucial aspect of trading for a "Newbie".

The majority of traders tend to risk no more than 2% of their capital on a single trade, so try not to post "Demo" accounts with start-up capital of 10,000's of dollars etc, using high lot-size, try to limit your "Demo" journals as if they are "Real" accounts/amounts you could safely afford.

Good luck

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Join date : 2011-12-07

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