For any business it is always important to take time to review your daily transaction before and after business day. With Forex, this is very necessary because it is helpful to a trader who wants to make it big in this industry and harvest lots of money. This can make you as a Forex trader know whether your strategic plan is working or not.
It is helpful as it will uncover areas that need improvements and how to go about it. Actually, most of the people, who are successful in Forex market, have always developed a good strategy and this is one of the ways. A trader who is unable to analyze his or her business will always be a failure in this trade.
Imagine starting a day without even knowing whether your plan is working or has failed, trade in Forex and hope for a positive outcome. This kind of move will always be suicidal to a trader.