Definition – What does Trading Journal mean?
A trading journal is a record of all the trades a currency trader makes. Entries in a trading journal usually describe the position (short or long), the position size and the result of the trade once closed (gain or loss). Traders may choose to include further information, such as the highs and lows during the trade, the time held and even his or her emotional state at the time.
ForexTerms explains Trading Journal
A trading journal is an invaluable tool for traders to track their progress and insure that they are truly following the trading plan. By documenting every trade, a trader also has the data necessary to evaluate if a trading strategy is the problem or whether emotional/human elements are interfering with the strategy. Like a trading plan, a trading journal is a personal document that a trader customizes to his or her needs.
