If you are a seasonal forex trader, then it is safe to say that you record your transactions in the journal. This is something that is more or less common practice and can save you from a lot of hassle. However, if you are not into recording or you record inconsistently, then I have to tell you that there are several mistakes that you can make that can end up ruining your overall experience.
With that out of the way, you can get more information on our website. For now, we are largely focusing on the mistakes that you should avoid. Do keep in mind that it certainly is a good idea to make the least mistakes because that way, you will not have to worry about any other discrepancy in the process.
Not Recording Properly
The biggest mistake most people make is that they do not record the transactions consistently. They do record them but not the way they are supposed to be recorded. Now I know it might not sound like a huge issue, but if you ever want to look at the past transactions, you might have some troubles with that, so it is just something that you should avoid.
Another thing that I would advise against is being disorganized. The reason behind that is rather simple; when you are trying to record a journal that is more or less full of financial transactions, you do not want to mess those things up. Simply because if things go wrong, and you need to dig up the old transactions, you will have a hard time finding them.
So, in order to keep everything good for you, always organize your journal properly.