How do I make money from trading as a beginner?

You are a trader right?

So you document and track your trades?

If you don’t know what’s working and what’s not, then you are going to be playing a guessing game at best or gambling at worst with your trading account. And that means more risk for less reward.

1. Track your progress – Journaling your trades will help you keep track of what you are doing.
2. Organized psychology – It will give you a place to organize your thoughts and feelings about the market.
3. Learn from your outcomes – Writing down your trades can be an effective way to learn from mistakes and improve on successes.
4. Build discipline – Keeping a journal will make it easier for you to stay disciplined in trading.
5. Analyze trading performance – A journal is the perfect place to record information like how much profit or loss you made, what price levels were hit and which indicators were used.
6. Understand risk management – You will have a record of all your past trades that you can refer to in future. You will be able to see how much risk you take on with each trade which is important for managing risk.