If you’re going to take your investment in Forex trading seriously, you’ll need to keep a journal. Most pros will tell you that they were performing average until they began this practice. And if you do the same, you’ll see an incredible improvement, because when you do, you’ll realize many things you hadn’t noticed about your technique before.

For starters, a journal should contain a column for the time and date in which you place a trade. If you can copy the charts you used for gaging your entry and exit, you’ll be able to refer back to them at any time in the future, and study the different items you took into consideration. Make sure to record the direction of your trade; write down whether you went short or long and which currency pair you invested in.

Don’t forget to jot down the entry and exit prices, as well as the price at which you set your stop loss. Include the lot size and any changes you made in terms or sizing your Forex positions. Then, record the pips you gained or that you lost. Add a note stating if you traded with or against the trend, and the session during which you traded.

Explain what style you used and which signal indicators you implemented; state if you analyzed fundamentals or just the charts. With all the information at hand, you’ll find an important piece of the puzzle that may be missing in your trading.

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