journal entries are stored locally on your computer, not on a ea forex academy website where hackers can view them. Your profitable trades won't feel so random, and your losses will be "planned for and therefore won't ding your psyche in a way that will make you feel that a loss means you are a loser. Keep a section on the chart where you can indicate the following: Fundamental Reasons (Example) "I believe the dollar will continue to weaken, due to the Fed's long term policy of keeping interest rates lower than trading partners and maintaining a high trade deficit." Technical. Ideal for traders of every stage. Learn more Tweaks that work Edgewonk only focuses on things that really make a difference. View on your iPad, iPhone and iPod Touch. In other words the journal becomes a way for you to record your thoughts in actual numbers, and makes it possible to convert wishful thinking into practical reality. Perfect stop placement to avoid stop hunting and stop runs. tutorial: Top 10, forex, trading Rules.
As you learn how fed ex work from home job scam to trade your plan, you will develop a greater level of confidence. (Find out how this tool magnifies both gains and losses. Every trade you record should be based on only one particular system, which will then give you the ability after 20 trades or so to calculate the expectancy or reliability of your system. If your losses were 1,200, then your average loss would be 1,200/4 300. If you are winning, you want to win more; if you are losing, you feel fear and even panic as your account dwindles towards zero.