by CI Staff
The4xJournal is a program that helps users keep track of their forex currency trades. Many forex traders find that documentation is the best way to find flaws in their strategy. This program simply allows you to enter all the details of a trade and easily analyze detailed information about your trades.
Once the program is downloaded, you must unzip it and extract the file contents. After opening the 4xJournal application, you will see a screen titled “start.” There are six different options: journal your trades, pips gained or lost (standard distance in price movement for a forex pair), plan your trades, money management, help and strategies, and trading business plan. To start a journal entry, click “journal your trades.” Along the left-hand side of the program you can input specific information regarding the trade. This can include whether it is an observation chart or if you’ve completed a trade. Users can indicate whether the journal entry is a positive move or negative move for them. The4xJournal gives users the option to input many other numerical figures, but you only have to include the information you find important.
You can add different screen shots to any given journal, insert videos or simply write notes along the right-hand side of the program. By clicking “planning,” you can create planning notes for any trades you may have in mind, as well as paste any important news items.