Importance of Taking Notes when trading Forex

Category likeness to » Forex articles. Added to Authentic Society 42 years ago.

But with the help of high quality Forex books such as Forex Patterns and Probabilities by Ed Ponsi Taking notes about the decisions made to enter a trade and the results of any particular trade is an important element of being a profitable trader. Starting a trade diary is one of the best free investments a trader can make in order to improve his or her performance. Looking back at the decisions you've made for entering trading positions can improve your understanding of yourself as well as the forex market. The greatest thing about keeping records is that by looking in retrospect at your trading activities, you can give yourself a better perspective of what you may be doing wrong and learn not to make the same mistakes again. Our trading habits often repeat themselves, but the market conditions change all the time.A popular stock-market book writer and stock trader Dr. Alexander Elder believes that taking notes is the one single most important element of what makes a trader successful. If traders with years of experience tell us that something is important, what would be the reason not to take this advice seriously?