Based on looking at the website ultimatetradingjournal.com, it appears to be a platform selling physical trading journals designed to enhance the psychological aspects of trading, particularly for those involved in proprietary firm challenges. While the product itself—a physical journal—is not inherently problematic, the core activity it supports, trading in the context of prop firms and speculative markets, involves elements that are generally not permissible in Islam due to the presence of riba interest, gharar excessive uncertainty, and maysir gambling.
Here’s an overall review summary:
- Website Focus: Sells physical journals for trading psychology and decision-making.
- Target Audience: Day traders, swing traders, and those aiming for prop firm challenges.
- Key Selling Point: Mental clarity in trading chaos, pre/after market reviews, habit tracking, and goal planning.
- Product Type: Physical journal, not a digital tool.
- Pricing Model: Monthly and annual subscriptions, with a first-month discount.
- Shipping: Free 2-day delivery in the US, ships to USA and Spain.
- Money-Back Guarantee: 100% no-questions-asked for first-time subscribers.
- Ethical Consideration Islamic Finance: The underlying activity of speculative trading especially with prop firms often involves elements of interest, excessive uncertainty, and gambling, which are not permissible. The journal aims to improve a trader’s performance in these activities, implicitly supporting them.
While the journal promotes discipline and self-reflection, which are positive traits, its utility is tied to a financial practice that carries significant ethical concerns from an Islamic perspective.
Engaging in trading, particularly in highly leveraged or speculative markets like forex, crypto, or options, can involve contractual elements that include riba interest on margin accounts, maysir gambling-like risk where outcomes are largely chance-based, especially with short-term speculation, and gharar excessive uncertainty about the exact nature of the transaction or its outcome. Prop firm challenges often push traders into high-risk, high-reward scenarios where these elements are amplified.
Therefore, even a tool designed to improve one’s psychological approach to such activities would be seen as facilitating something impermissible.
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It’s crucial for individuals to seek out financial activities that align with Islamic principles of ethical investment, shared risk, and tangible asset-backed transactions, rather than speculative gains.
Instead of focusing on speculative trading, consider alternatives that promote ethical financial growth and personal development, focusing on tangible assets, real economic activity, and shared risk.
Best Alternatives for Ethical Personal Development & Financial Growth:
- Productivity Planners
- Key Features: Goal setting, time management, task prioritization, habit tracking, reflection prompts.
- Average Price: $15-$40
- Pros: Promotes discipline, organization, and self-improvement in all aspects of life. widely applicable.
- Cons: Requires consistent effort to be effective. finding the right layout can take trial and error.
- Financial Planning Books
- Key Features: Guides on budgeting, saving, debt management, ethical investing, and wealth building.
- Average Price: $10-$25
- Pros: Provides foundational knowledge for sound financial decisions. encourages long-term planning. many focus on principles applicable to ethical finance.
- Cons: Requires self-discipline to implement. information can be overwhelming for beginners.
- Investment Strategy Guides Halal Focus
- Key Features: Education on Sharia-compliant investments, ethical screening, real estate, equity in permissible sectors, and avoiding interest-based instruments.
- Average Price: $15-$30
- Pros: Directs individuals towards ethical wealth accumulation. provides specific guidance for Islamic finance.
- Cons: Can be niche. may require additional research to find suitable investment vehicles.
- Mindfulness & Gratitude Journals
- Key Features: Daily prompts for reflection, gratitude, emotional regulation, and stress reduction.
- Average Price: $12-$28
- Pros: Enhances mental well-being, fosters positive thinking, and can be used for any life situation. aligns with self-reflection encouraged in Islam.
- Cons: Benefits accrue over time with consistent use. some may find daily prompts repetitive.
- Small Business Startup Kits
- Key Features: Guides, templates, and resources for planning, launching, and managing a small business.
- Average Price: $20-$50 for comprehensive guides
- Pros: Encourages entrepreneurship and productive economic activity. aligns with permissible income generation through trade.
- Cons: Requires significant effort and risk. success is not guaranteed.
- Personal Development Workbooks
- Key Features: Exercises and prompts for identifying strengths, weaknesses, setting personal goals, and building positive habits.
- Average Price: $15-$35
- Pros: Focuses on holistic self-improvement, applicable to career, relationships, and spiritual growth.
- Cons: Requires honest self-assessment and commitment to change.
- Career Development Planners
- Key Features: Tools for career mapping, skill assessment, job search strategies, and professional networking.
- Average Price: $18-$40
- Pros: Helps in securing stable, permissible employment. fosters professional growth and financial stability through legitimate means.
- Cons: Requires proactive engagement and research into various industries.
Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.
IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.
ultimatetradingjournal.com Review & First Look
When you land on ultimatetradingjournal.com, the immediate impression is one of directness and a clear focus on a niche audience: traders, especially those eyeing prop firm challenges.
The site’s design is clean, featuring testimonials prominently and emphasizing the “mental clarity in chaos” aspect.
It’s selling a physical product—a journal—not a trading tool or software, which is an important distinction.
The core message revolves around improving trading psychology, decision-making, and discipline through structured journaling.
The website outlines the journal’s various sections, from “Pre market review” questions to “After market reflection” and weekly/monthly assessments. Nearfilter.com Review
They also highlight a “science-based framework” for journaling, though specific academic citations beyond a link to a CTV News article about handwriting benefits are not immediately obvious.
The goal is clear: help traders pass prop-firm challenges and become profitable.
Key Observations on First Look:
- Niche Targeting: Clearly aimed at day traders, swing traders, and prop firm aspirants.
- Physical Product: Emphasizes the benefits of handwriting over digital logs for deeper engagement.
- Psychological Focus: Marketed as a tool for mental clarity, discipline, and habit awareness.
- Customer Testimonials: Features several reviews from Trustpilot and an Instagram comment.
- Limited Shipping: Currently ships only to the USA and Spain, which is a significant limitation for a global online business.
Why this is generally problematic: While the journal itself is a neutral tool for self-reflection and habit tracking, its application in speculative trading, particularly in the context of prop firm challenges, raises serious concerns from an ethical standpoint. These challenges often involve highly leveraged positions, rapid transactions, and the pursuit of gains from price fluctuations without any underlying tangible asset or real economic value. Such activities often fall into the categories of gharar excessive uncertainty, maysir gambling, and riba interest, especially in margin trading, which are strictly prohibited. The focus on “passing that prop-firm challenge” implies engagement in a system that can be ethically fraught, even if the journal itself doesn’t directly facilitate the forbidden actions.
ultimatetradingjournal.com Cons
While the Ultimate Trading Journal aims to assist traders with their psychological game, focusing on its downsides from an ethical perspective is crucial. Bestweddingveil.com Review
The primary concern isn’t the journal’s physical quality or its prompts, but the very industry it supports and seeks to optimize performance within.
- Support for Speculative Trading: The fundamental issue is that the journal is designed to help individuals excel in trading, especially prop firm challenges. These activities often involve highly speculative financial instruments and practices. As mentioned, such endeavors frequently entail gharar excessive uncertainty, maysir gambling-like activities, and riba interest, particularly in leveraged trading, which are ethically non-permissible. By providing a tool to “pass that prop-firm challenge” and “be a profitable trader” in these contexts, the journal inadvertently facilitates involvement in activities that are considered unethical.
- No Tangible Value Creation: Trading in this context often focuses on short-term price movements and doesn’t inherently contribute to real economic growth or the production of goods and services. Ethical financial activities typically involve shared risk in productive enterprises or asset-backed transactions.
- Risk of Financial Ruin: Speculative trading, particularly with leverage, carries an extremely high risk of substantial financial loss. Even with “mental clarity,” the inherent volatility and unpredictable nature of markets mean that significant capital can be lost very quickly. The focus on “passing prop firm challenges” can sometimes lead individuals to take on excessive risk in pursuit of hypothetical gains, potentially leading to debt or hardship. According to various sources, a vast majority of retail traders, often over 70-80%, lose money over the long term. For instance, reports from brokers often disclose that a high percentage of retail investor accounts lose money when trading CFDs Contracts For Difference, which are similar in nature to many prop firm instruments.
- Ethical Dilution: The journal might give individuals a false sense of control or ethical neutrality over an activity that, at its core, can be ethically compromised. Improving “psychology” for an impermissible activity doesn’t make the activity permissible. It can subtly normalize or justify engagement in high-risk, ethically ambiguous financial practices.
- Limited Scope for True Financial Growth: While the site promises profitability, true and sustainable financial growth, from an ethical standpoint, typically comes from productive investments, legitimate business ventures, or income generated from skilled labor and services. Relying solely on speculative trading for income can be a precarious and ethically questionable path.
- Lack of Diversification Advice: The journal, by its nature, focuses on one specific aspect trading psychology within a single financial activity. It doesn’t offer guidance on broader, more ethical financial planning, diversification into tangible assets, or establishing long-term, stable income streams that are aligned with ethical principles.
ultimatetradingjournal.com Alternatives
Since the core activity supported by ultimatetradingjournal.com, speculative trading, raises significant ethical flags, it’s essential to pivot towards alternatives that foster genuine self-improvement, productivity, and ethical financial practices.
These alternatives align with principles of shared risk, tangible asset creation, and long-term well-being, rather than short-term, high-risk speculation.
Ethical Financial Growth Alternatives
Instead of focusing on speculative trading, consider building wealth through means that contribute to society and involve fair, transparent dealings.
- Halal Investment Platforms: Explore platforms that specialize in Sharia-compliant investments. These typically screen out companies involved in alcohol, gambling, interest-based finance, and other impermissible sectors. Examples include investing in real estate, ethical mutual funds, or Sharia-compliant equity funds.
- Key Benefit: Aligns financial growth with ethical principles.
- Consideration: Requires understanding of Islamic finance principles and careful due diligence.
- Real Estate Investment: Investing in tangible assets like real estate can be a stable and permissible form of wealth accumulation, whether through direct ownership or through ethical real estate investment trusts REITs that avoid interest-based financing.
- Key Benefit: Tangible asset, potential for rental income and appreciation.
- Consideration: Requires significant capital or careful financing.
- Starting an Ethical Business: Engaging in trade and entrepreneurship is highly encouraged, provided the business deals in permissible goods or services and operates with honesty and fairness. This creates real value and employment opportunities.
- Key Benefit: Direct control, creation of real value, potential for significant returns.
- Consideration: High effort and risk, requires business acumen.
- Gold and Silver as Physical Assets: Historically, gold and silver have been considered a stable store of value and are permissible to trade as physical commodities, provided transactions are immediate and free from speculative elements like leverage or paper derivatives.
- Key Benefit: Hedge against inflation, tangible asset.
- Consideration: Storage, price volatility can exist even for physical assets.
Personal Development & Productivity Alternatives
If the appeal of the journal is its ability to foster discipline, self-reflection, and goal setting, there are numerous tools and practices that achieve this without being tied to ethically problematic activities. Dutenitours.com Review
- Dedicated Productivity Planners: Tools like the Full Focus Planner or Panda Planner are designed to help individuals define goals, break them into actionable steps, track progress, and reflect on their achievements. They often include sections for daily gratitude, weekly reviews, and long-term vision.
- Features: Goal setting, daily/weekly/monthly planning, habit tracking, gratitude sections, review prompts.
- Benefit: Holistic personal and professional development, transferable skills.
- Mindfulness & Gratitude Journals: Journals such as the Five Minute Journal or generic gratitude journals encourage daily reflection, positive affirmations, and appreciation. This helps reduce stress, improve mental well-being, and cultivate a positive outlook.
- Features: Simple daily prompts, focus on positive psychology, quick to complete.
- Benefit: Enhanced mental clarity, emotional regulation, improved overall happiness.
- Habit Tracking Apps & Journals: Tools like Habitica app or Clear Habit Journal based on James Clear’s Atomic Habits help individuals build positive routines and break bad ones. The focus is on consistency and small, incremental improvements.
- Features: Daily checkboxes, streak tracking, goal setting for habits, reflection.
- Benefit: Builds self-discipline, automates positive behaviors, achieves long-term goals.
- Financial Literacy & Budgeting Workbooks: Instead of trading journals, resources that teach sound financial management—budgeting, saving, debt reduction, and ethical investment fundamentals—are invaluable. These could be physical workbooks like Dave Ramsey’s Total Money Makeover Workbook adapt principles to Sharia-compliance or simpler budgeting journals.
- Features: Expense tracking, income planning, debt repayment strategies, savings goals.
- Benefit: Achieves financial stability, freedom from debt, and responsible wealth management.
- Skill Development & Learning Planners: If the goal is to improve in a specific field, a planner dedicated to tracking learning progress, setting study goals, and reviewing new skills acquired can be highly effective. This supports continuous self-improvement in permissible fields.
- Features: Project planning, skill assessment, learning milestones, resource tracking.
- Benefit: Tangible skill acquisition, career advancement, intellectual growth.
How to Cancel ultimatetradingjournal.com Subscription
If you’ve subscribed to the Ultimate Trading Journal and wish to cancel, the website provides clear instructions, which is a good sign for transparency.
It’s always a smart move to cancel subscriptions for services or products that support activities you’ve decided to move away from due to ethical considerations.
The primary method to cancel your subscription is through your account on their website:
- Log in to your account: Go to ultimatetradingjournal.com and find the login section. Your username will be the email address you used when purchasing the journal. If you haven’t set a password yet, check your purchase confirmation email for a link to do so.
- Navigate to the ‘Subscriptions’ tab: Once logged in, there should be a dedicated tab or section for managing your subscriptions.
- Cancel your subscription: Within the subscriptions tab, you should find an option to cancel.
Alternative Cancellation Methods: Renaisa.com Review
If you encounter issues logging in or prefer other methods, ultimatetradingjournal.com also offers:
- PayPal Cancellation: If you originally purchased your subscription via PayPal, you can log directly into your PayPal account. Navigate to the “Recurring Payments” section, find your Ultimate Trading Journal subscription, and cancel it from there. This is often the most direct way to manage PayPal-based subscriptions.
- Email Support: As a last resort, or if the above methods don’t work, you can send an email to their support team:
supportultimatretradingjournal.com. Be sure to include your account details email used for purchase and clearly state your request to cancel. The website states they will process cancellations within 24 hours.
Important Considerations for Cancellation:
- Timing: The website advises sending cancellation requests at least 5 days before your next billing date to ensure you are not charged again. This is standard practice for many subscription services.
- Confirmation: After canceling, always look for a confirmation email. If you don’t receive one within a reasonable timeframe e.g., 24-48 hours, follow up with their support team to ensure your cancellation was processed correctly.
- No Questions Asked Guarantee: The website mentions a “100% no questions asked money back guarantee for every first time subscriber.” If you are a first-time subscriber and within their specified refund period, you might also be eligible for a refund for your initial purchase, in addition to canceling future payments. Check their terms for the exact refund window.
Canceling your subscription is a practical step in reorienting your focus towards financial activities and personal development tools that are aligned with ethical principles.
How to Cancel ultimatetradingjournal.com Free Trial
Ultimatetradingjournal.com doesn’t explicitly offer a “free trial” in the conventional sense of a period of free access to a digital product.
Instead, their “trial” equivalent comes in two forms for first-time subscribers: Bncinter.com Review
- 30% Discount on the First Month: They offer a significant discount on the first journal purchased through a monthly subscription.
- 100% No Questions Asked Money Back Guarantee: This acts as a risk-free trial for your initial purchase. If you’re not satisfied, you can request a full refund.
Therefore, “canceling a free trial” in this context primarily means ensuring you don’t continue with the paid subscription beyond the initial discounted period or after exercising your money-back guarantee.
The cancellation process is the same as for a regular subscription, as described in the previous section.
Steps to “Cancel” the Trial/First Purchase:
- Determine if you want a refund: If you are within the window for the “100% no questions asked money back guarantee” you’ll need to check their specific terms and conditions for how long this period lasts, though it’s typically within 30 days of purchase, you can initiate a refund request. This usually involves contacting their support team via email:
supportultimatretradingjournal.com. - Cancel the ongoing subscription: Regardless of whether you seek a refund, you must cancel the monthly subscription to prevent future charges. Follow the steps outlined previously:
- Log in to your account on ultimatetradingjournal.com.
- Go to the ‘Subscriptions’ tab.
- Cancel your subscription there.
- If you paid via PayPal, you can also cancel it directly from your PayPal account under “Recurring Payments.”
- Alternatively, email
supportultimatretradingjournal.comat least 5 days before your next billing date.
Important Note on the “Trial” Experience:
The website does offer a free printable journal page for prop firm traders and links to a video walkthrough and a PDF guide on how to use the journal. These resources allow you to “try before you buy” without committing financially to the physical product. If you’ve only engaged with these free resources, there’s nothing to “cancel” as you haven’t entered a subscription. Kelking.com Review
By understanding how their “trial” works and following the cancellation procedures, you can ensure that you disengage from any financial commitments related to a product that supports ethically questionable activities, paving the way for more sound and permissible pursuits.
ultimatetradingjournal.com Pricing
The pricing structure for The Ultimate Trading Journal is straightforward, offering both monthly and annual subscription options for its physical product.
While the pricing details are clear, it’s important to view them within the broader context of the journal’s purpose, which facilitates involvement in speculative trading.
Here’s a breakdown of their pricing:
-
Monthly Subscription: Adfocus.us Review
- First Month: $24 This is a 30% discount on the regular monthly price, serving as an introductory offer or “trial.”
- After First Month: $35 per month
- Inclusions: A new physical journal every month, free 2-day delivery in the United States.
- Flexibility: “Cancel Anytime.”
-
Annual Subscription Bestseller:
- Annual Cost: $228 billed annually
- Effective Monthly Cost: $19 per month calculated as $228 / 12 months
- Inclusions: 12 new physical journals shipped monthly or all at once if requested, free 2-day delivery in the United States.
- Savings: This option offers significant savings compared to the monthly plan, making it the more cost-effective choice for long-term users, equating to a discount of about 45% $35 vs $19 compared to the regular monthly price.
- Flexibility: “Cancel Anytime” though canceling an annual plan mid-term might mean forfeiting the annual discount for the used period or receiving a pro-rated refund based on their terms.
Key Pricing Takeaways:
- Subscription Model: The journal is sold on a recurring subscription basis, implying continuous use and ongoing self-reflection in trading.
- Introductory Offer: The $24 first-month price point is designed to lower the barrier to entry.
- Value for Annual Commitment: The annual plan is clearly incentivized, reflecting a common strategy to encourage longer-term customer commitments.
- Shipping Costs: The “Free 2-day delivery in United States! On all orders, forever!” is a strong value proposition, especially for a physical product, as shipping costs can often deter online purchases.
- Geographic Limitation: It’s worth reiterating that free shipping and regular delivery are only for the USA and Spain, limiting its accessibility elsewhere.
While the pricing appears competitive for a niche physical product aimed at a dedicated audience, the underlying ethical concerns surrounding speculative trading mean that any investment in such a tool, regardless of its cost, should be carefully considered from an Islamic financial perspective.
The best “price” is no price at all if the activity it supports is impermissible.
Instead, investing in ethical financial education or productivity tools would yield a much more valuable and permissible return. Lqway.com Review
ultimatetradingjournal.com vs. Productivity Planners
When evaluating ultimatetradingjournal.com, it’s important to compare it not just to other trading journals, but to broader categories of organizational tools, especially general productivity planners.
This comparison highlights why the latter are often a more ethically sound and broadly beneficial choice.
Ultimatetradingjournal.com Niche Focus
Purpose: Specifically designed to improve trading psychology and decision-making for speculative financial activities e.g., forex, crypto, options trading, prop firm challenges.
Content: Pre-market reviews, after-market reflection, daily trading tabs, weekly/monthly assessments, questions geared towards preventing trading mistakes and understanding trading habits.
Primary Goal: To help individuals become more “profitable traders” and “pass prop-firm challenges.”
Ethical Stance: Problematic. While the journaling itself is a neutral act, its explicit purpose is to optimize performance in activities that often involve riba interest, gharar excessive uncertainty, and maysir gambling, making it ethically concerning. It supports a zero-sum game often devoid of real economic value creation.
Flexibility: Limited to trading-related reflection. The prompts are very specific to market behavior and personal trading decisions.
General Productivity Planners Broad Focus
Purpose: Designed to enhance overall productivity, goal setting, time management, and personal development across all areas of life career, personal projects, health, spiritual growth, etc..
Content: Varies greatly by planner, but commonly includes:
* Goal Setting: Annual, quarterly, monthly, weekly goal breakdown.
* Task Management: Daily to-do lists, prioritization matrices e.g., Eisenhower Matrix.
* Time Blocking: Scheduling specific tasks and activities.
* Habit Tracking: Monitoring daily routines and positive habits.
* Reflection: Sections for weekly/monthly reviews, gratitude, lessons learned, personal growth.
* Vision Boards: Spaces for long-term aspirations.
Primary Goal: To help individuals achieve their potential, manage their time effectively, build good habits, and make progress towards their diverse life goals.
Ethical Stance: Highly permissible and encouraged. These tools foster discipline taqwa – mindfulness of God, organization, self-improvement, and efficient use of time—all of which are highly valued. They support productive endeavors and personal growth in all permissible aspects of life.
Flexibility: Highly adaptable. The principles of planning, habit formation, and reflection are universal and can be applied to academic pursuits, career development, personal projects, charitable work, and spiritual routines.
Key Differences & Why General Planners are Superior:
- Scope: Trading journals are hyper-focused on one high-risk, ethically ambiguous financial activity. Productivity planners offer a holistic approach to life management, allowing individuals to improve in any area they choose, including ethical financial planning.
- Ethical Alignment: General productivity planners are intrinsically aligned with ethical principles of self-improvement, responsible resource management, and diligent work. Trading journals, by supporting speculative trading, are linked to activities with clear ethical prohibitions.
- Transferable Skills: The skills developed through a good productivity planner goal setting, time management, discipline, self-reflection are universally beneficial and transferable to any permissible endeavor, from managing a household to building a business or pursuing education. The skills refined by a trading journal are primarily useful for trading, an activity that many would be better off avoiding.
- Risk Profile: Productivity planners inherently carry no financial risk. They empower individuals to achieve goals, which can lead to financial stability through legitimate work and ethical investments. Trading journals are designed to optimize performance in an activity with inherent, often significant, financial risk.
In conclusion, while ultimatetradingjournal.com aims to provide “mental clarity,” that clarity is channeled towards an activity often considered impermissible. Gofishdigital.com Review
A general productivity planner, on the other hand, offers a superior, ethically sound, and universally beneficial framework for self-improvement and goal achievement, guiding individuals towards productive and permissible endeavors.
FAQ
What is Ultimatetradingjournal.com?
Ultimatetradingjournal.com is a website that sells a physical trading journal designed to help individuals, particularly day traders and swing traders, improve their trading psychology, decision-making, and discipline.
Is the Ultimate Trading Journal a digital product?
No, the Ultimate Trading Journal is intentionally a physical, paper-based journal.
The website emphasizes the benefits of handwriting for engaging the brain and reducing digital distractions.
What kind of traders is the journal for?
The journal is primarily designed for day traders, but also works well for swing traders. Workerspertask.com Review
It is generally not recommended for long-term investors or those who make fewer than a few trades per week, as its questions are built around more active trading.
What is the main benefit of using the Ultimate Trading Journal?
According to the website, the main benefit is achieving “mental clarity in chaos” by structuring pre-market reviews, after-market reflections, and daily/weekly/monthly planning to improve trading psychology and prevent mistakes.
Does the journal help with prop firm challenges?
Yes, the journal is specifically marketed as being designed to enhance trading psychology and decision-making, which are key elements for success in prop firm trading challenges.
What is the pricing for the Ultimate Trading Journal?
The journal costs $35 per month if paid monthly, with a first-month discounted rate of $24. An annual subscription costs $228, which breaks down to an effective rate of $19 per month.
Is there a free trial for the Ultimate Trading Journal?
While there isn’t a traditional free trial of the physical journal, they offer a 30% discount on the first month’s subscription and a 100% no-questions-asked money-back guarantee for first-time subscribers. Natici.com Review
You can also access a free printable page, video walkthrough, and PDF guide to understand the journal before committing.
How do I cancel my subscription to Ultimatetradingjournal.com?
You can cancel your subscription by logging into your account on their website and navigating to the ‘Subscriptions’ tab.
Alternatively, if you paid via PayPal, you can cancel in your PayPal account’s recurring payments section, or email supportultimatretradingjournal.com at least 5 days before your next billing date.
Does Ultimatetradingjournal.com ship internationally?
Currently, Ultimatetradingjournal.com only offers shipping to the USA and Spain with free 2-day delivery in the United States.
You can contact them via email about shipping to other countries. Ogeninfo.com Review
Is the content in the journal customizable?
Customization is available for organizations that want to order a large quantity of journals minimum 500 units. For these bulk orders, the cover, internal pages, design, and even specific questions can be customized.
What is the ethical concern with Ultimatetradingjournal.com?
The primary ethical concern is that the journal is designed to optimize performance in speculative trading activities like forex, crypto, and options, which often involve elements of riba interest, gharar excessive uncertainty, and maysir gambling. These elements are generally considered impermissible.
What are better alternatives to speculative trading?
Better ethical alternatives include investing in tangible assets like real estate, starting an ethical business, engaging in Sharia-compliant investments e.g., ethical mutual funds, halal equities, and saving physical gold and silver, all of which involve shared risk and tangible economic value.
Can I use the journal if I don’t have a specific trading system?
Yes, you can use the journal even without a specific trading system, as it focuses on psychological patterns.
However, the website advises that having a systematic trading approach is highly advisable for long-term trading success. Wishosting.com Review
How long does it take to fill out the journal daily?
The website claims it takes only 5 minutes to fill in the journal every day, promising “incredible results.”
What kind of instruments does the journal support for trading?
The journal can be used for various trading instruments, including cryptocurrencies, forex, index futures, options, and vertical spreads, as it focuses on the psychological aspect rather than specific instrument mechanics.
What if I want to order many journals for a firm or organization?
For proprietary trading firms, incubators, or organizations seeking large quantities, you can email supportultimatretradingjournal.com for custom solutions and bulk order pricing.
What is the “science-based framework” mentioned by the journal?
The journal claims to use a “science-based framework” for journaling, and links to an article discussing how handwriting engages the brain more effectively than typing.
This highlights the neurological benefits of physical writing for analytical thinking and neural connections. Aspiregear.com Review
Why is physical journaling preferred over digital by Ultimate Trading Journal?
The company prefers physical journals because they believe it helps users disengage from digital distractions like social media and fosters deeper reflection.
Handwriting is also touted for engaging the brain more effectively than typing, especially for analytical thinking.
How does the money-back guarantee work?
For first-time subscribers, Ultimate Trading Journal offers a “100% no questions asked money back guarantee.” You would typically contact their support team within the specified period usually 30 days to initiate a refund.
What kind of blog content does Ultimatetradingjournal.com offer?
Their website features blog posts related to trading, such as articles on building discipline for prop firm traders, short mindfulness exercises, and guided meditation techniques for traders, all aimed at enhancing trading performance.
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