ForexGen ShowsThe Importance of Keeping a Log

How many times have you read a book or a post telling you to keep a trading log. But you don't. Or it isn't consistent or some other excuse.

The reason I believe that most traders don't keep a log (remember most traders don't make money either) is because it requires discipline.

And it requires that you confront your trading - warts and all.I've posted a copy of today's trading log for the ER2 and YM.

You'll notice that there are 2 trades that shouldn't have been taken at all! Also you'll note I calculate my average winner, average loser, and my winning %. That tells me my expectancy.

Also all my profits and losses are denominated in R values (that's risk values) not ticks or dollars. This keeps me honest. If I risk 20 ticks to make a 2 tick trade then I don't get "rewarded" for that.

However if I make a 20 tick trade with a risk of only 2 ticks then I do.

with forexgen your safety is number one

ForexGen Ltd is complying with all applicable international laws and all financial regulations and procedures governing its industry in order to sustain the security standards in the financial services world.

According to the Federal Trading Commission (FTC) and Commodity Futures Trading Commission, all financial institutions are obligated in conformity with the anti money laundering laws (AML) that control money laundering and maintain the integrity and security of the international banking and financial institutions. ForexGen is regulated by the international authorities against money laundering and in full compliance with the International Laws.

This is the reason why our customers have to provide us with identifying documentation and the documents proofing the origin of their funds in order to secure that the funds that ForexGen LTD will receive are fully and legally originated according to the European Trading Commission and the European Anti-Fraud Office.

As the international banking standards imply, we preserve all the customer’s account information both personal and financial. Our target is to achieve our principal goal, which is gaining the customer’s confidence and reach to the maximum satisfaction level.
ForexGen LTD state-of-the-art encryption and confirmation rules and certification ensure that every trader’s contract is verified and secured.