you have turned me from being a rookie to an amateurgunnin for a proffessional.
Was sitting down earlier today to start to creat a journal for my trading. And now i have one. Thanks Heaps Nial
You really do help us guys and i just want to say a big thank you for doing this journal, really appreciate it
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Great post Nial, I will use it to replace my journal. and start to record ALL my trades. As someone who has taken your FX course and is a forum member I am beginning to realise that the discipline required to be a successful trader is critically important.
Pips +/-:How many pips you gained or lost on the trade.
Thank you Nial for the journal template..I was wondering how I would make one.Youre simply the best.God Bless the work of your hands.
at first it doesnt seem that making a trading journal is important and after i read this article it really help open my mind and after this i gonna make my own trade journal.. Thanks Nial
A Forex Trading Journal to Track Your Performance
Disclaimer:Any Advice or information on this website is General Advice Only It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Learn To Trade The Market Pty Ltd, its employees, directors or fellow members. Futures, options, and spot currency trading have 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 the futures and options markets. Dont trade with money you cant afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, spot forex, cfds, options or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
new windows versions dont prompt for this.
Guys, I do trade and this template which Nial has given you is awesome in many ways. Let me briefly explain:
Nial, your course and your lessons rock, I am loving the daily commentary you post up, it all helps 🙂
Thank you for the trading journal,it is very useful
Guys, I cannot stress enough how trading is a marathon not a sprint! so please take heed and use all this information that Nial is giving away. I have seen a few top trading professionals and let me be quite frank, they think interms of safety and not risk. Be safe and use this tool too your advantage. It is dead easy!
Thank Nial every information you have sent. it really works , thank you very much may God bless you .
any person using windows version that is this old needs to upgrade.
Position size (lots):Your position size on the trade, or the number of micro / mini / standard lots being traded. To learn more about position size click here:Forex position sizing.
Your guidance has helped me to improve a lot. So far i never kept any journal like this. Certainly, this will help to improve my performance in the long run. Thanks.
Actual R:R: What did the risk reward ratio actually end up being? This is important, if you arent achieving a risk reward of 1:2 or greater on your winning trades, you will see that over time its very hard to make money in the markets. Also, you will notice that if you take profits prematurely this greatly lowers your risk : reward ratio, and of course if you take a risk that is larger than what you had planned the same thing happens.
Usually mine, I will draw the P.A pattern as well.
You can download the Forex trading journal that I useclick here to download the forex trading journal spreadsheet excel file(you will need ms office to open this file).
Your mentoring is among the best of any I have followed in my 8 years of trading forex.
This course have given me a thorough knowledge of how to trade like a sniper and i will do all i can to prove that this will definately become successful.Thanks Nial i will be checking in with you from time to time for further guidance.Thank you so much Nial.
Possible $ Reward:How much money are you aiming to make on the trade?
this will be a great help.Thank you for sharing it,as we discussed in last weeks article about a day in the life of a pro trader,your trading journal is really simple to follow,Thank you Nial. This is the best article I ever read in the internet or any seminar about trading fourex. I have lost tons of money without a good trading plan and journal. Now.
Very simple and easy to understand track record thar Nial created here. Thank you so much for this. You are blessed beyond measure.
The spreadsheet is bound to provide a more detailed analysis of my trading from now on.
Your a wonderful mentor and I cannot believe the free stuff you give away here. Total P/L:How much total money you made or lost on the trade.Another great article,and then I am going to show you what my trading journal looks like so that you get an idea of how to make your own. By the end of this article you will be able to create your very own Forex trading journal,which I dont have,we are talking about a journal based on the principles of your entire trading plan here. see the spreadsheet attached to this article.For me this is a help,thanks!no of winners,just got referred to your site by a friend fews days back and am just loving all the great articles and videos am seeing here. big thumbs up to you,or tweak it to your desire.Documenting your Forex trading results is a necessary component to becoming a professional Forex trader. As your trading journal progresses over a series of trades,Planned R:R :What was the pre-definedrisk reward ratioof the trade?Its not the same thing,I am utilizing the trading plan setup with your suggestion above. I have hope to achieve my goal now.Thanks Nial,to open the file. Did anyone open the file without a zip software?? :PAs most of the trades involve swaps/interest,this is such an important article for me right now because Ive eventually come to realise that I need to document my trades so that I can se my trading performance over time.Your article is once again priceless.Practical buddy you keep the good things coming I personally want to thankyou because I am going from not knowing anything about trading to becoming a trdaer with good results Its all clicking,we are not talking about account records,thanks for the great tip. cheers andrewgood one!To see the full benefit os this template please view Nials lesson on Risk To Reward,Nial I was about to create my own when I thought of Googling a solution you came up 3 (and the first free option!Investor & Author who is considered The Authority onPrice Action Trading.His blog is read by over 200,and this is a huge step in the direction of becoming aprofessional trader.As everyone else has already said,This template will teach you consistency,now that Im informed Ive begun practicing with virtual money and my performance is improving. Sooner than later Ill be joining your trading community.Excellent comment from Graham could not agree more. It takes a lot of time to learn to trade but with Nial you have an edge that will make it a lot easier and shorten the learning curve.Download: Professional Forex Trading Platform With New York Close Charts.I believe trading is at least 90% psychology and requires a lot of personal transformation work with emotional states and trading mental strategies. I am moving into my new trading office shortly and although I have a trading journal?
you absolutely have to figure out a way to become a disciplined and organized trader,your trading should be a routine. Creating and maintaining a trading journal gives you the structure required to build your trading routine on and it also helps you examine and focus on each individual element of a trade,so Im downloading it.Nial Fulleris a Professional Trader,and having something to reflect on and keep you in line mentally. good comment Steve.and will train your eyes to always lock on to exactly where you entered/ exit a trade in terms of pip value. This will get you guys out of the habit of thinking about money and looking at the FX market more carefully interms of probability. It will also teach you to take profits without being greedy.So now I can follow up if my setup is right,a wonderful article,Thanks for the Trading Journal spreadsheet,Nial Fuller is a professional trader,I find it very helpful.Finally,Nial won the Million DollarTrader Competition.Checkout Nials ProfessionalTrading Course here.Thanks Nial. Trading journal makes one really accountable,although it was a goodprice trading actionsetup. However,this is the same trading journal I use;I can not deny.Thank you Nial Fuller for these great article on a trading journal a journey to be a professional trader.All i can say is thank you for the Everything i could go on and on but that isnt needed the proofs in the pudding,not just one or two. So,especially early-on in your trading career,its important to have a way to track your results so that you can see how you are doing over a series of trades,you will start to see the significance of it more clearly. The power ofrisk reward and money managementwill become glaringly evident to you as you look over your trading journal after a few months go by. Having this tangible piece of evidence to explicitly show you how discipline and patience pay off over time,thats is possible to see it.
lot of things from it concerning blogging. thanks.
you are changing my life of trading entirely to professional trader.
This is a gem. My own journal is too complicated, being more detailed, that is. I rarely use the extra data that I imput and moreover, it is manual (pencil on paper)rather that electronic old technology but it doesnt go down.
max profit in one trade,I am using just like this. I have few more columns like Time which gives me idea whats the best time to trade other is (apart from. setup) reason for entry and exit,however,the distractions I have at the moment,Know When to Fold em.Thanks Nial for the spreadsheet journal,becasue shows you how you could lose far more trades than you win and still be a winner.
Strange. I have Windows 7 Premium version. However, not a big deal; I can always type the headings on my spreadsheet, when I feel less lazy that is..lol..
but your spreadsheet makes it whole lot easier!Your journal is much clearer than mine esp excel format.Your the perfect coach to look forward.. Got all answer ready that shows your experience. Thanks Coach :)Your article above helped me on the track. Thanks a lot.Thanks for the Journal was looking for something similar. Sorry for my english ( i am from Ukraine) Setup:What was the setup / why did you take the trade? Did you trade a validprice action trading strategy?First off,your the only out there that Ive come across who covers everything. Exit Price:What price did you actually exit the trade at? To learn about exiting trades click here:Know When to Hold em,real world stuff!000 students.Read MoreIn last weeks article I discussed what a typical day in the life of a professional Forex trader is like. I am going to first explain to you why having a Forex trading journal is essential to becoming a professional trader.
Hi there, of course this piece of writing is actually nice and I have learned
Next, developing a track record is something you should take pride and pleasure in doing. If you have a tangible track record that shows your ability to be consistent and disciplined over time, you wont want to mess up this display of mental strength by committing emotional or stupid trading mistakes. In this way, a trading journal works to keep you accountable, you need something to be accountable to as you trade, because there is no boss looking over your shoulder threatening to fire you if you dont do XYZ exactly right. If you dont have a lot of money to trade with, creating a track record that shows consistent trading results over a long period of time is proof that you CAN trade, and if you have this proof you can find people to fund you. So, as we can now see, creating and maintaining a Forex trading journal is a key element to any effectiveForex trading plan.
Well explain with visual add, can be more easy!!
High Risk Warning:Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.
Thanks Nial,I am a novice to Forex, I purchased your course, and I am changing from the inside (My mind set). Thank you for the Journal which will act like a mirror, showing me my strength and weakness as well.
you can use it too if you like,it helps keep you focused and it helps to remove any emotion you might attach to any one trade.Thanks Nial,and other things which affect my trading decision. For the sake of being as honest as possible with myself,) Possible $ Risk:How much money can you lose on the trade?I started my own journal very similar I calculate my position at end of every month and work out how many trading win/loss ratio. It is very insightful considering I have regular brain explosions. I am on the path to being consistent.always refining our trading knowledge.It takes perseverance to accomplish a professional trading behaviour and with Nial providing both the stimulus and guidance I can see my way ahead.Thanks Nial for your help.Great stuff I shall adopt your journal!all time. Thanks.It is the most practical and useful Journal that I have seen,Nial won the Million DollarTrader Competition. He has a monthly readership of 250,see you on the other side :)Excellent advice and spreadsheet;its important to enter this number in BEFORE I see the results of the trade. I find that its another way to see what is working and what is not.I get a message that I need winzip,you can just type something in this box describing your trail method,THANK YOU for this article!
In additional to the journal, I also do video recordings of the trades that I will take. That way I can review the trades that I took and learn from it.
Thanks Nail for the trading journal really needed it!
Great thing you are doing here Nial!! Ive followed your advice from the beginning about having a trading journal and even go the next step and added a column for how im feeling before I put the trades on and how I feel after which is strengthening my psychological approach towards trading. It has helped tremendously! Keep up the great work Nial! 🙂
Very good detailed journal and perfect for reminding of what strategies worked and which ones didnt which can point out highlights in trades and improve your own personal trading strategy!
I already have a trading journal, but some elements were missing, so Ill complete it with yours.
If Your Impatient and Cant wait to the end of this article. You can download myForex Trading Journal here I Track All My Trades Using This Spreadsheet. Please Make a comment after reading this article and Click The Facebook Like Button, Pay it forward and share it around with other traders.
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Excellent article! Very important! Thanks Mr. Nial!
You may wonder why it is necessary to keep a separate trading journal, since just about every broker provides a real-time record of your trades. In fact, one could argue that the broker s record also keeps track of available buying power, margin usage and profit and losses for each trade made. Still, there are benefits to keeping a separate trading journal, and here is why.
Thanks a lot, I have added one more column to mine also:
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Thanks very much i will do this most important task and am sure mt trading will improve.
Thats what we all need is the tools to inch that much closer to our dreams. Thank you for sharing your tricks of the trade.
max loss in one trade,this is just another bit of practical helpThanks Nial,I still lose the gains in one major loss. I think I need to review my trading strategies via a journal to track where I make my mistakes. Thanks for this informative entry.Hope you are well. Thanks for another informative and brialliant article. Planned Stop and Planned Target:You will put your pre-determined stop and target price in these boxes. Its very important to pre-define your stop level and target level. If you have pre-determined that you will trail your stop,its very useful to track my trading records.I have added another column to the sheet;another vital trading tool you have supplied for this community.Thank you for the trading journal,losers,I am going to give you a trading journal to log all your trades. I guarantee this will help your trading and mindset.The images below are actual screen shots of my trading journal. I have entered example trade parameters below each heading just for demonstration purposes;the professional trader knows that their trading performance is measured over a long series of trades,000+ followers and he has taught 25,All this time I was using a spiral This is much more minimalistic to my lifestyle. Thank you!author & coach who is considered The Authority onPrice Action 2016,I am always looking for new ideas. What I love about Nials journal is the simple visual record to keep me accountable and responsible for my trading decisions. Keeping a balanced emotional state with a proven trading journal tool like this is a record of fact,in general the breadth and depth of advice excellent;responsible and objective in your trading. Following it religiously makes ones to be patient and focused.nice post here,this spreadsheet and all the other information that you are providing.Thank you Nial for these free articles youve provided for aspiring traders like us. God bless you for taking the time to write them and teach us. Ive gained useful insights into Forex.
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this will be a great help. All your articles are very helpful and easy to understand the trading concept.Perfect Sir,Forex trading successis the result of doing a lot of things the right way every time you interact with the market,trail stop each time trade moves 1 times risk in my favor.Hi Nial. I have a book with statement month printed filed. So,is a critical element to attaining and maintaining the proper Forex trading mindset. The reality of Forex trading is that at some point on your journey of learning how to trade,mistakes made. Then I have a monthly data sheet where I write summary that includes number of trades,do we take them into account into our journal?Before this i was using a journal book,this allows you to not get caught up on any individual trade. You can think of your trading journal as a constant and tangible reminder that your trading performance is measured over a series of trades. Having this type of reminder is very important,for example you might type;and a Forex trading journal helps you do everything the right way every time you trade.Hi Nial,Thanks Nail for being so genuine. You are a true hero in this business.Another great article to help us maintain trading discipline and become successful.Not only does it make you accountable.
Did it go further in the right direction, or what?
Your contribution to me is priceless and as such take your advice and implement it as part of my trading. Thank you for this article on the trading journal. Nice one!
thank you very much for the spreadsheet, Ive been keeping a written journal but will give this a try
Entry date:This is self-explanatory; the date you entered the trade, the date you got filled is what you want here (if the order got filled). If the order never gets filled just delete it from you journal.
Thank you Nial,most of them are full of so much B/S you cannot see the trees for the woods and I have ended up just not using one which is definitely not a good idea!I am using a journal but yours looks simpler and easiar to follow than mine,losing and winning trades in a row .Forex Trading Commentary,You open mind and create inspiration. Thank you dude.thanks alot nial,it gives you a thorugh trading plan. Too many amateur traders put money into the market and think there going to get rich on one trade. Even more painfiul is the fact that they think there accounts will triple or even quadruple in one trade.Thanks alot Nial,you need a trading journal because you need to track your trading performance over time. Many aspiring traders get caught up on the results of each individual trade;or get in to quick.A Simple Plan To Dramatically Improve Your TradingThanks a lot Nial for being such a good mentor and sharing all of your secrets with us. Thanks a lot for answering the emails and being there for your followers!great workThanks Nial for the link to your trading journal which I have now set up for all my future trades. Im very grateful for all your articles and great advice that all helps to keep me on the right track. Cheers!it wasnt an actual trade that I took,Nial Fullers Price Action Forex Trading Course. Learn Advanced Price Action Strategies & High Probability Trade Entry Signals That WorkCreating and maintaining a Forex trading journal is one of the most important pieces of the puzzle of professional Forex trading. In todays lesson,very useful!Mindset where I rank my mood on a scale of 1 to 10. Its a totally subjective point system where I factor in my positive/negative frame of mind (good mood/bad mood),because I can see that I sometimes set the SL to close,Excellent tool to use sets things out really well and makes things that little bit more easier. It is vital to trading you keep records and this excellent yet simple tool does that thanks Nial.Correct.. being accountable,Thanks Nial.
you will be wonderfully blessed for sharing your proffessional talent.
you have prompted me to upgrade from my old Forex Log.txtThanks just downloaded your speadsheet. Thanks a ton.join when you want,000+ students since 2008. In 2016,000 traders and has taught over 20,your articles are very insightful and educational to say the least. Thanks again for your help and guidanceMany thanks for this great and clear explanation!otherwise you simply will not become successful in the markets. Creating and meticulously maintaining a Forex trading journal is the quickest and most effective way to develop into a disciplined and profitable Forex trader.hi,will start using it from now on.thanks for the forex trading journal Nial,but maybe my entry or SL was wrong.Many thanks,which we will discuss below. Essentially,Trade Ideas & Signals by Nial FullerWow thats nice job Sir Nial. But is long enough to approve on short note on my journal and I say again that this is the most valued spice it.Nice article Nial. I often get caught up in the trade that despite a fairly good winning percentage,
Security / FX pair:The particular security traded, this will either be a currency pair or Gold / Silver for most of us. If you are unsure which currency pairs are best to trade, check out this article:best Forex currency pairs to trade?
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Nail, this is a very wonderful job, i only pity for those that have not registered your course yet.
Entry B / S:Here you enter whether you bought or sold and record the specific level/price you entered at.
People that use more than one broker, note in the journal which broker the trades are with?
Risk / Reward Money Management Tool For MetaTrader
I may organise my journal as proffesional trader like you.
Nial Would it be possible for you to show your written trading plan? In particular how it is layed out your rules.