Luke R_ Evans#55

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How do trading journals improve forex performance?

A trading journal records entries, exits, emotions, and rationales. Institutions require traders to log trades for review. Retail traders benefit by spotting patterns—such as overtrading, ignoring stop-losses, or trading during emotional stress. Benefits: accountability, self-awareness, and objective evaluation. Risks: ignoring the journal or recording incomplete data limits effectiveness. A good journal includes screenshots, metrics (win rate, expectancy), and psychological notes. Reviewing journals weekly reveals mistakes and strengths, accelerating growth. Journaling is not just paperwork—it transforms trading into a measurable business process.