A trading journal is an essential tool for any trader to analyze their performance and improve their skills. Here are some tips and best practices on what to include in your trading journal:

Trade details: For each trade, record the date, time, currency pair, trade size, entry and exit price, stop loss, and take profit levels.

Trading strategy: Note the strategy used for each trade, such as trend following, range trading, or breakout trading. This will help you evaluate which strategies work best for you.

Market conditions: Write down the market conditions at the time of the trade, such as the trend direction, volatility, and news events that may have influenced the market.

Trading psychology: Record your emotional state before, during, and after the trade. This will help you identify patterns in your behavior that may be affecting your trading performance.

Trade outcome: Note whether the trade was a win or a loss and the percentage gain or loss. This will help you analyze your trading results and identify areas for improvement.

Trade analysis: Review each trade and identify the reasons why you entered and exited the trade, and whether the outcome was consistent with your expectations. This will help you evaluate the effectiveness of your trading strategy and identify areas for improvement.

Lessons learned: Write down any lessons learned from each trade, including mistakes made and what you would do differently in the future. This will help you avoid making the same mistakes in the future and improve your trading performance over time.

Overall, a trading journal should be a detailed and honest record of your trading activities and outcomes. By regularly reviewing your trading journal and analyzing your performance, you can identify patterns, learn from your mistakes, and make more informed trading decisions in the future.

Looking to learn about forex? Take our crash courses at our Forex University. If you’re looking to setup a demo trading account then click here. Finally, if you’re looking for Forex Signals, Forex Portugal provides free & premium signals on-demand.