Improve your Trading Result

forex-add-spread-on-buy.jpgWhich one you’ll choose? a string of 9 wins of 10 pips each and 1 single loss of 100 pips. Even with a win loss ratio of 9:1 in this case, it still come out in the red simply because the loss trade wiped out all of the winning.

This is explaining how important a trading journal. You can easily improve your trading by looking at the history of your past trading journal.

Yet when you look at the result slips and trading journals of most traders, you’ll notice a pretty common pattern. It’s not that they are necessarily bad traders, it’s just that they don’t know how to eliminate their bad trades which make all of the difference.

Go through your trading journal and sieve out your biggest losses. When you’ve found them, learn from them and why they actually ended up as your biggest losses. When you do that and actually learn from your mistakes then you’ll improve your trading results.

 

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