Журнал Про Форекс

Document opening price of a currency pair

Record the opening price of the currency pair to have a reference point for the trade. This information is crucial for analyzing the performance of the trade and making informed decisions in the future.

Document closing price of a currency pair

Record the closing price of the currency pair to evaluate the outcome of the trade. This information is essential for calculating the profit or loss of the trade and assessing the effectiveness of the trading strategy.

Identify and document the trading strategy used

Describe the trading strategy employed for this particular trade. This will help in analyzing the effectiveness of different strategies and refining the approach for future trades.

Record date and time of trade

Capture the date and time of the trade to organize and track the sequence of trades. This information will also assist in identifying patterns and trends in trading activities.

Evaluate and document the market trend

Analyze and determine the prevailing market trend during the trade. This will assist in assessing trade performance with respect to market conditions.

Make note of any economic events or news that may affect the trade

Document the stop loss and take profit levels

Record the trade result (win/loss)

Note the lot size used in the trade

Identify and document risk per trade

Record overall account balance after the trade

Input screenshots of the chart at the time of trade

Review and document any mistakes or lessons from the trade

Add any additional notes or observations about the trade

Approval: Manager's review of the trade journal

Document modification or adjustments made based on manager's feedback

Update trade journal with final entry details

In this issue

Currency Markets in – A Year In Review

Forex Journal Magazine Description:

Publisher: DPR International Pte Ltd

Category: Business

Language: English

Frequency: Monthly

Forex Journal is designed for both advanced and novice trader, Forex Journal, contains something for everyone. It touches on the major Forex market basics or currency characteristics that all traders – particularly day traders – need to know, and contain actionable information on which you can base some of your trading strategies. This comprehensive guide opens with a straightforward discussion of general issues, such as the emergence of the foreign exchange market, who are the major players are, and significant historical milestones, but quickly delves into more detailed topics in the following sections :

● What moves the currency market – factors that impact both long-term and short-term price movements

● What are the best times to trade for individual currency pairs – through an outline of major currency pair trading activity, you’ll discover When pairs are most attractive.

● Trade parameters for different market conditions – teaches you how to first profile a trading environment and then know which indicators to use for that trading environment.

● Technical trading strategies – covers some of the most important trading strategies for day traders and swing traders.

● Fundamental trading strategies – covers intervention-based trades as well as the secret moneymaking strategies.

● A profile of major currency pairs – discuss the unique characteristics of each major currency pair, from what drives their price action to which economic data releases are most important

Filled with in-depth insight and expert advice, Forex Journal can show you how to enter this highly competitive arena with confidence and exit with profits.

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