If you have been trading, then the important thing that you must know is that keeping a trading journal is something that many people do. It is not something that comes mandatory, but it is just something that is considered a better practice.
Keeping that in mind, there are multiple reasons why one should keep a trading journal. You can click to read more if you want more information on the trading journals or trading in general. As for now, we are mostly exploring the reasons you should keep a trading journal.
Do know that it is different for everyone, and that is entirely fine. We are mainly focused on the reasons.
You Want to Stay Organized
Forex trading can be messy. Sure, if you are not a regular trader then it might sound like a job that is rather easy. However, if you have been in the trading part for some time now, you need to understand that the process can be a messy one. If you are looking to stay as organized as possible, going for forex trading is the right thing to do, and something you should focus on.
You Want to Keep a Proper Track
Another reason is if you are looking to keep a proper track of your transactions and trading, then having them recorded in a journal is a great way to go. You really do not have to worry about anything, and you can easily go on about it without much to worry about.
As far as the journal itself is concerned, you can use anything that suits you. From the fancy trading journals to a diary. Pretty much everything can be turned into a journal as long as you are looking forward to it.