4 Reasons You Need A Diary For Both Good And Bad Forex Trades
You might question the importance of maintaining a separate trading journal when brokers already provide a comprehensive real-time account of your trades. It can be argued that the broker's record covers crucial details such as available capital, P&L details, margin usage for each trade executed. In fact, brokers also allow traders to calculate expected returns or margin requirements using trading calculators. Though, it's true that the broker's record can serve as a reference for your trading activities. However, there are benefits to keeping a separate trading journal. Let's find out what those advantages are.