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    Thread: Difference between Personal Trading Journal and Public Trading Journal ?

    1. #11
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      Of Course there are a Difference between Personal and Public Trading Journal And Every Trading Journal has A Difference Purpose So :

      - Personal Trading Journal : Is your own Trading Journal which has all the opened and Closed Trades and every Thing You made it while your trading So by Taking a look on your Previous Data in Trading Journal You can Define Your Mistakes To fix it and also You can Know if you was trading by discipline and By following the Rules well or not So it can benefit the trader in improving his trading way By The learning From his previous Mistakes .

      - Public Trading Journal : Its Purpose is showing your trading Journal to the Public while the trading For Showing Your trades To Other Traders and this always make You Be More Careful While opening and closing the trades because you know well that It publicly Displayed and this may help the trader In the Controlling on his emotions while the trading For Avoiding making mistakes While his trading which Other traders Can see its Results So it has More Pros To you because it will improve your trading way by making Good analysis To the market and by Making all your best to avoid the Mistakes Because some traders May follow you if they see that you are Good traders and they may take their decisions Based On your Trading .


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    3. #12
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      Trading journal is a performance management tool that you use to, it is a place where you record all of your trading activity to save your work and for future reference and evaluation purpose like if you maintain it effectively you can find on which strategy you are profitable timing and pairs also become easy to find which remain profitable for you. It's easy to maintain if you choose to keep it on excel sheet. it is only and the biggest thing that can help you to figure out your trading mistakes in future so you can figure out and you can learn more to update your trading skills. As per my info, it is the most effective tool of performance management

      Personal trading Journal is one that a trader keep only for himself.

      Public Trading Journal is one that trader publish to share his day to day trading experience with others.

      The public trading journal can help the trader to make his strategy and trading methodology better because he receives other traders response on that, in this way it becomes easy for the trader to find the mistakes and can make the necessary correction. Moreover while sharing publically he remains more vigilant to his trading system.

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    4. #13
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      Difference between Personal Trading Journal and Public Trading Journal ?
      when it comes to personal trading journal private trading journal, there is no real difference in this, except for what the name says. one is private while another is public.
      whats is a trading journal?
      a trading journal is where we keep our record of trading activities into
      whats is in a journal
      1. when we open a trade and when we close the trade.
      2. the strategy we use
      3. the pairs we trade
      4. the risk reward ratio. etc

      An example of a public trading journal can be the type of trading journal we operate online, and most especially the one with mgt5 trading journal
      while a public journal is the one we have in writing in an offline journal


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    6. #14
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      Quote Originally Posted by forexianz View Post
      Difference between Personal Trading Journal and Public Trading Journal ?
      Trading journal is one of the most important things for all Forex trader. Every Forex trader should regularly update their trading journal. A trading journal is like a living diary. When you find any leisure time you should check out your journal for finding the strength and weakness of your trading method. If you maintain a trading journal publicly then you can get many advises from the users. They will give you both positive and negative comments. You will get help from these comments. Many trader use another private trading journal. It's only for secret trading strategy. You can use any Forex forum community to share your trading journal. I use MT5 forum to share my trading strategy and results.


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    8. #15
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      A personal trading journal is a record of all the trades that you have taken in the course of a week or a month as the case may be, usually this is something that we carry out with a physical journal because we don't want to lose any information from the book, this has some great benefits especially the fact that we can easily have access to it and use it for our regular review as the case requires it.

      Online journals are essentially for the benefit of ourselves and others, this is meant to be for the sake of education so that other fellow members can see what we are doing in terms of the trades we take, this can attract criticism and correction about some of the trading decisions that we take.


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    10. #16
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      Public journals is for the use of everyone that is interested in understanding how you trade, the journals that we have in this forum is a typical example of this, although not every one is comfortable with having a public journal because of frequent interruption from outsiders, most people will not even bother with the journal whether it is public or private because they don't have a good trading strategy which they consistently follow.

      The journey of how you trade can be put down in a trading journal, the main essence is to have somewhere you go back to as a drawing board after you have done somethings wrong, a journal will make you remember so many things about how to trade right.


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    12. #17
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      Most forex traders don't even know what a trading journal is because they have never used one before, although this is one of the greatest things we can do to help ourselves, some traders have maintained a mental journal because they are able to remember everything that has happened to them before through consistent practice.

      When you have seen a pattern happening in the forex market over and again, there is a chance you would never forget, but this is a rare type of journal which is outside the public and private way of journaling that we know about, sometimes we make a mistake to believe that forex trading is basically simple without needing to do much, this is were we get it wrong.


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    14. #18
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      The intention of a trading journal is to develop feeling of certainty in your trading collection of organized things and at such time as you trade with information that held you are easy to use trade based on observed facts by attractive to personal information about your trade arranged and reaction as you put in, handle with skill and exit the trade, to coexist with market movement and gain or sum an entity loses on balance because a journal is assign to a particular task in addition to what you can observe on commission paid to a broker remark.
      Public trading journal is be accessible for all, where fundamental assumption and remark different ideas its bring about for an improvement of the public and every one show their analysis views and trading image for the betterment of the result of their process trading and people could respond to something you do with the purpose behind a specific action of contribution suggestion concerning how to make Change in your trading.


    15. #19
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      A trading helps us as a trader to keep track of our daily forex transactions or trades.
      Keeping a journal is absolutely very important, as it helps us to see beyond just our trading history but the market conditions and and our behavior towards it.
      But as you said there are public journals and private journals.

      We Can categories a public journal we keep to be the type we keep on the mt5 journal section, this type of journal is not only meant for us alone but for the entire public, though the details and some information will still be missing in this journal..
      But a private journal is more like a journal book we keep which can consist of our trading strategy, our entry point and exit, chart history printout etc.
      This type of journal more of an hardcopy, which is physical than the public journal.


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    17. #20
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      trading journals have become quite important as a good part of monitoring ones trading activities tailored towards improving the trading capabilities of the forex trader. of course, there are some differences in the two.
      the personal trading journal is personal as the name suggests. the trader records the journal for his own personal use and no other trader or person has access to it. the disadvantage of this is that the trader could keep repeating his mistakes as no one comments on his trading activities.
      on the other hand, the public trading journal is open for the view, criticisms, and comments of other forex traders. this is an advantage as the journal owner is giving advices by other traders which opens his eyes to some mistakes. such when worked on makes him a better trader.
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