There is no doubt about the importance of having a Trading Journal for your Forex Trading career, but how to get one? There are people who prefer to have an online one, using websites like myfxbook. When it comes to my money and my main account, I prefer not to have it linked to any third party website. Also, I prefer to have my Forex Trading Journal offline, so I can review my trades even when I don’t have any internet connection.
So how to do that? Should we go back to pen and paper and record any single trade in a notebook? Should we buy expensive Trading Journal Software? In this video, I propose you a simple solution. You can create a Forex Trading Journal simply using Excel.
We will see how to transform a new spreadsheet into a simple but effective Trading Journal.
As I mention in the video, I already created a very detailed tutorial to create your own Forex Trading Journal Using Excel Spreadsheet: https://www.youtube.com/watch?v=D-po8B4JnHQ
Please refer to that video if you want very detailed information on the formulas and how to build them in Excel.
In this video, I’m going quite fast through all the formulas, because I want to focus on a great feature that I have introduced in my Excel Trading Journal.
The new feature explanation starts at 13:05
Enjoy the video and please support the channel hitting the like and subscribe buttons 🙂
You can have a look at my live trading account here: https://www.darwinex.com/darwin/IRY.4.20/#
Are you looking for an easy and convenient way to become a better trader? Courses for beginners and systems/strategies for experts with the highest discount available here: https://www.itstradingtime.com/trading-courses/
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Legal Disclaimer: Any material or information in this article is general educational material and you will not hold anybody responsible for loss or damages that may result from the content provided here.
Trading has large potential rewards but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in any Financial market. This article is neither a solicitation nor an offer to buy/sell any financial instrument.
Trading carries a high level of risk, and may not be suitable for all investors. Before deciding to invest, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading, and seek advice from an independent financial advisor if you have any doubts.
Past performance is not indicative of future results.
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