A Trading Journal Will Accelerate Your Progress!

As with most other areas of life, an excellent way to rapidly improve your online trading is to record your trades, review them regularly, and then make improvements based upon the lessons you learn and the feedback you gain. Doing this will rapidly accelerate the speed at which you both learn and improve, be it forex, stocks, bonds or commodity options.

A great way to do this is via a Trading journal. Keeping a trading journal allows you to record your progress over the long term. It gives you the big picture. In addition, it also reveals where potential flaws in your trade strategy may be hiding. The more that you record in such a journal, the more material is present for being able to review your motivations for putting on the trade, your state of mind at the time, the type of trade it was, and what result was achieved.

By way of contrast, someone not keeping an online trading journal may well improve over time. However, that improvement will be slower, more sporadic, and much more haphazard than if he/she HAD kept such a written record.

Of course, as well know, most financial market traders do NOT keep such a journal. That is precisely why the vast majority show little or no improvement in their trading over long periods of time.

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