Forex Trading Journal: What to Track for FX and CFD Traders

The fundamentals of journaling are the same in any market, but forex and CFD trading has a few quirks worth tracking specifically. If you trade FX — including through a prop firm like FTMO or The5ers — here's what deserves a column.

Track the session, always

Forex trades around the clock, but liquidity and behavior differ enormously between the Asian, London, and New York sessions. Many FX traders have a real edge in one session and hand it all back in another. Without session data you literally can't see it; with it, the fix is often just "only trade London."

Track the pair — and watch for correlation

Logging the specific pair lets you see which ones you actually trade well. It also surfaces a hidden risk: taking "three trades" on EURUSD, GBPUSD, and EURGBP can really be one correlated bet in disguise. A journal that breaks results down by instrument makes both the edge and the concentration visible.

Track risk in R, not pips or dollars

Pips are inconsistent across pairs and dollars change with size. Logging every trade in R — your risk unit — lets you compare a scalp on a major to a swing on a cross on the same scale, and it's the only way expectancy math works cleanly.

Track rule-following

As in any market, separate on-plan losses (variance to ignore) from rule breaks (mistakes to fix). For prop-funded FX traders especially, this is what protects the account.

FundedView handles all of this manually and works with any broker or FX prop firm across MetaTrader, cTrader, and the rest — no integration required.

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