News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Bearish
Wall Street
Bullish
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • US Senator Romney: I want to get an agreement on infrastructure today $USD $DXY
  • US Treasury Sec. Yellen: - Congress should act to lift the debt ceiling as quickly as possible - We cannot allow any chance of the government defaulting on its debt
  • US Treasury Sec. Yellen: - Defaulting on the national debt is "unthinkable" - It would be catastrophic for the US to default, that would likely precipitate a crisis
  • US Treasury Sec. Yellen: - The Fed's IOER adjustment was purely technical - According to the Fed, the stance of monetary policy has not changed
  • US Treasury Sec. Yellen: - Inflation estimates for next year are consistent, hovering around 2%
  • US Treasury Sec. Yellen: - The majority of inflation expectation indicators are still stable - Inflation will return to normal levels after this year
  • US Treasury Sec. Yellen: - I believe current inflation patterns are temporary due to supply chain bottlenecks - It will be a bumpy road to reopening, but the economy is on a good track
  • Commodities Update: As of 18:00, these are your best and worst performers based on the London trading schedule: Silver: 0.59% Gold: 0.05% Oil - US Crude: -0.12% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/aUkdKtKoMw
  • US Treasury Sec. Yellen: Raising the corporate tax rate would land the US in the middle of its peers
  • US Senator Schumer: - We are moving forward on multiple infrastructure proposals - I will meet with White House officials later along with Speaker of the House Nancy Pelosi
Using a Trading Journal

Using a Trading Journal

Richard Krivo, Trading Instructor

Student’s Question:I have heard that it is a good idea to use a Trading Journal. How should it be set up?Instructor’s Response:Good question and a good idea…Take a look at the example below. You can set up a journal in whatever format will be easiest for you to use and understand. The data points that are shown below are the primary headings that should be included.In the Notes/Remarks section, you can include what prompted you to enter the trade…what indicators were used, market conditions at the time, any relevant news announcements and like information would be helpful. Also, when the trade is closed, include a few words as to why you feel the trade was profitable or not. The overriding point here is that when you go back to look over the trade, you would like to be able to reconstruct it as accurately as possible.The benefit of keeping a journal is that over days, weeks and months you can go back and see what you might be doing that is leading to successful trades and, likewise, what might be leading to unsuccessful trades.Also, the mere fact of having to write down key data on each trade will cause you to think through each trade in a little more depth right from the outset.Journals can be quite enlightening when used in conjunction with both a demo account as well as a live account.

Using_a_Trading_Journal_body_30020d1242776662-post-day-chart-5-19-09.png, Using a Trading Journal

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES