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Trading Record Keeping is the Missing Link to Success // Ep. 95

This is the most underrated key to success in trading. Learn how to keep good records and why it's so important.

Home / Podcast / Trading Record Keeping is the Missing Link to Success // Ep. 95


In This Episode

  • How record keeping
  • The pair that Walter was surprised wasn't working
  • How record keeping can help this breakeven trader

The Essential Thing That Traders Don't Like to do

Most beginning traders obsess over trading systems, entries and finding the most profitable trading guru. In reality, one of the most important things that you can to do become a better trader is to keep good records.

Good records can help you understand which currency pairs aren't working or you can get clues to help you increase your average winner.

Listen in as we answer this question from a breakeven trader.

SUGGESTED RESOURCE: See all of our best trading resources

Listen to the Audio Version

Click the play button below to hear the audio-only version. You can also download the mp3 file below.

https://media.blubrry.com/tradinglifestylepodcast/tp-podcast.s3.us-west-2.amazonaws.com/tp95.mp3

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Thanks for listening and we hope that your trading is going well!

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Host: Walter Peters, PhD Topic: Trading Journal, Trading Psychology

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About Walter Peters, PhD

Hi, I'm a full-time trader, co-host of the podcast and the founder of FXJake.com. Take a look at all of our episodes to find the tutorials that you're looking for.

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Trading involves substantial risk and there is always the potential for loss. All content on this website is for educational and informational purposes only and is not trading, investment, or medical advice. You should be aware of the risks associated with trading and seek advice from an independent certified financial adviser if you have any doubts. Some links on this page might be affiliate links, where we get a small commission if you purchase through the link. It doesn't cost you anything extra and we only recommend products that we absolutely love. This site uses cookies and using this site means that you agree to the use of cookies.

 

CFTC Rules 4.41 - Hypothetical or Simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Testimonials appearing may not be representative of other clients or customers and is not a guarantee of future performance or success.

 

 

 

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