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[Oluti]

After a good number of trades, you will have collected a lot of fancy-schmancy data and observations on the market and yourself…how do you analyze it all??

Again, it’s pretty simple:

Find what works and keep doing it
Find out what doesn’t work and stop doing it.

And finding what works and doesn’t work is all about keen observation and asking the right questions. Refine your analysis of your trading results by breaking them down to smaller categories, such as day of the week or specific currency pairs.

Here’s a sample of the types of questions you should be asking yourself when you review your journal:

Which chart patterns or technical indicators work out best for you? Which do not?

How can you adjust your indicators to get you in trades earlier, or help you avoid whipsaws and fakeouts?

Are you closing winning trades too early? Is it that you need to adjust your profit targets or are you afraid of losing your unrealized gains?

Do you hold onto losing trades longer than you should? How can you improve your stop-loss processes?

How often do you follow your trading plans? Of the ones you do follow, have you been profitable?

What trade setup did you miss, or not take, and why? Was it a legitimate signal or setup according to my method or system?

What could you have done differently to make prevent/reduce this loss or maximize your gain?

Are you winning more on trades with multiple lots or single lots?

What kind of market environments have you been doing well in? Trending or ranging?

Were most of your wins or losses biased towards certain currency pairs?
Which news events have brought on the kind of volatility you were looking to trade or avoid?

Which trading sessions have been the most favorable to your trading style?
Are you losing trades concentrated on certain days of the week, such as Mondays and Fridays?

Questions like these can help you quickly filter out the actions that have kept you from making some pips.

In the beginning, the idea is to get to the point where you have figured out what works for you and to only do those things.

Once you have figured out those right things, the next step is to consistently practice those actions that work until it becomes a habit.

Finally, persistent journaling will help keep you on top of your performance and help you recognize when the markets change–and yes the markets are always changing.

 

[lioralace]

So, you wanna know the real secret sauce most Forex traders ignore? It’s that raggedy old trading journal you keep hearing about—but never actually use beyond the first week. Sounds boring, right? Like homework. But, honestly, skipping it is probably murdering your profits. Ask me how I know. Actually, don’t.

Everybody talks a big game about “just log your trades!” the way your aunt nags you to eat more vegetables. Here’s the twist nobody tells you: scribbling your plays down isn’t just busywork—it’s literally how you stop face-planting into the same old mistakes. You don’t just see the numbers. You see the WHY. That’s the map to Not-Suckingville, population: you.

Okay, so, what do you actually write? No need for math olympics. Just track what clicks. If your EUR/USD hustle makes bank every Tuesday on a moving average crossover—well duh, keep milking that. If you lose your shirt every time some wild news headline drops and you’re trading with both eyes shut? Time to quit the circus act. Patterns, baby. Hunt those down.

Here’s where it gets juicy: don’t just mark wins and losses like a robot. Ask good questions. Like... am I way better at catching a trend than a range? Are my stops so tight they squeak, or am I leaving the barn door open? Why does that one currency pair just own me every time? Am I trading because my plan says so, or cranky ‘cause I skipped lunch?

And man, when you really comb through those notes, you spot your weird habits. Maybe you chicken out and close winners early, or you go turbo-revenge after a loss. You crush it on Mondays but by Friday, it’s like, “Trading plan? Never heard of her.” I’m just saying: journaling catches this stuff. You start slicing results down by day, by pair, by setup, even by how much coffee you’ve had (I swear there’s a correlation).

Dive deeper—dissect your trades. Are all your wins from smooth trends? Maybe sideways markets are just your kryptonite. Do you follow your rules before noon, then freestyle in the afternoon like a jazz solo gone wrong? Do news trades wreck your stats? Do you trade better with two lots than one? It’s all there if you bother to look.

Eventually, this detective work shapes your style. You get what you’re good at. You dodge what trips you up. Build your system around that, and suddenly, you’re not just surviving, you’re thriving. Then you just gotta repeat it. Over and over. ‘Til you can do it half-asleep.

But hey, here’s the rub: the market doesn’t care about your feelings. It changes its mind more than a toddler at an ice cream shop. That miracle setup you love? Might tank in six months. But if you keep your journaling game tight, you’ll see it coming—your stats will start looking wonky, and you can adapt before the rest of the herd clues in.

TL;DR—a trading journal is not just a nerdy diary. It’s your cheat code for Forex. Miss out if you want, but the folks getting paid treat it like a religion. So, seriously, just start. Don’t overthink it. Don’t wait for Monday. Crack open a notebook and get those thoughts down—messy, real, whatever. Your future self will high five you.