Course Content
What Is a Trading Journal and How to Use One
Trading journals can be very useful, and they play a central role in the trading plans of most professional traders. Things like planning futures trades, documenting existing positions, and recording any emotions that may pop up are essential factors to be aware of when building a profitable trading strategy. Therefore, knowing how to create and use a trading journal is crucial to any trader's success. Without it, a trader could easily lose track of his winning and losing positions. Or even worse, they could blow up their account.
What Is a Trading Journal and How to Use One
About Lesson
Good news! Binance Academy prepared a simple but effective trading journal template for you. All you need to do is click File and Make a copy to start using it right away!

Note that, in this example, we’ve added a second tab that works like the written document we discussed above. There you can add all sorts of thoughts and comments to track your decision-making process and the results of the previous trades.