Be successful - Keep trade record
If you want to be a good forex trader, keeping a trade record or market news is not only a good idea, but necessary. You want to use this record to keep all trade in track - those were the good and those who were not as good. If you only focus on trades that you have done well you will never learn what you did wrongly on trades where you lost money. This is learning process, as a human being we tend to remember only the good thing and ignoring the bad ones, but we should never forget that from the mistakes that we had done in the past, it help us not to repeat the same mistakes over and over again.
Being successful as a forex trader means study your mistakes as well as doing things properly. Just listing the trades and look on the result whether it is good or not is not really enough, either. Instead, you should make notes for each trade you make. Are they going well? Not as good? Why? Knowing the reason ‘why’ some trades are good and some are not is really a crucial part than anything else because it keep you on track all the time and it show you whether your goals can be achieve or not for the time being. The goal, naturally, is to raise the number of good trades and limit the number of bad trades, and it is incredibly difficult to do if you're not really sure why some were good and why others were bad.
There is another reason to keep a Forex record, though, and this is because it will help to make you disciplined. If you want to be successful in your trading activities, discipline is necessary, but it is something that many people do not have. They always say they take things seriously, but on the other hand they do not often, especially if things do not go that well for them or if they get discouraged.
Keeping a Forex record can help you keep focused and show you the good trades that you've done as well as the bad ones, that can help you continue to progress if you start to get discouraged. If you see what trades are losing money you can cut these types of trades or turn them into inspiration by adjusting them so that you earn money. The key point is that to encourage you to turn whatever ‘threat or weaknesses into opportunity and strenght’ for you in your way to become a successful trader.
How detailed the Forex record is up to you. It might help you later, and they can only make you more successful than you can imagine about trading forex and how to do it properly