The Importance of a Trade Journal

We are living in a modern day and age where a lot of the things that we used to do simply don’t apply anymore for a wide variety of reasons. One of the things that people used to do was that they used to keep trade journals of some sort, and the reasons that they chose to keep these trade journals was because of the fact that they felt like this was the only way for them to keep accurate records regarding whatever it was that they might have been doing at that particular point in time. However, the fact of the matter is that even if you are living in a modern day and age, there are a lot of ways in which a trade journal could end up benefiting your quite a bit.

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One way in which a trade journal could benefit you is that it could allow you to keep a log of your activities, which is something that is still very important to do even our modern day and age where everything needs to be as precise as possible and there is no reason for people to try and find reasons to make calculations on their own.

Perhaps the single biggest reason why you should keep a trade journal is because of the fact that it would allow you to truly grow beyond what you started as and find a way to make the most of the skills that you have gained. You should read the 10 books on technical analysis that the market is currently offering to learn more about the importance of trade journals and one book in particular that will help is going to be Encyclopedia of Chart Patterns – Thomas N. Bulkowski.