To make a good trading plan
Member Since Jun 22, 2020
77 posts
Jan 11, 2021 at 09:48
Good trading plan will ensure you a good return when it comes to strategy and profit, but you are not free from risk as sometimes planning can fail due to the volatility of the forex market.
Member Since Jan 11, 2019
147 posts
Jan 11, 2021 at 11:30
to make a good trading plan one should be full of confidence but also aware of the weakness to ensure and avoid mistakes.
Member Since Dec 01, 2020
23 posts
Feb 08, 2021 at 10:46
Identifying strength and weakness is as important as trading. Every trader should know what their weaknesses are so that they can work on them and get better.
Member Since Dec 01, 2020
20 posts
Mar 10, 2021 at 11:55
cardigan posted:A trading plan must include how a trader will find and execute trades. It must also be clear in what conditions they will buy and sell securities, the position size they will take, and other rules like when to trade and when not to. As simple as that!
But what constitute a good trading plan?
Member Since Oct 26, 2020
33 posts
Mar 10, 2021 at 12:44
leahmclaughlin posted:Along with all this, risk management and money management should also be a part of a trader’s plan.cardigan posted:A trading plan must include how a trader will find and execute trades. It must also be clear in what conditions they will buy and sell securities, the position size they will take, and other rules like when to trade and when not to. As simple as that!
But what constitute a good trading plan?
Member Since Jul 23, 2020
869 posts
Mar 10, 2021 at 15:00
Demo account is the best place to make a trading plan. Plan is important to make consistent profit.
Member Since Dec 01, 2020
20 posts
Mar 11, 2021 at 10:22
sailingconsist posted:100% true! From skill assessment and mental preparation to setting goals and trade preparation, there are so many things that you will have to consider when building a winning trading plan.leahmclaughlin posted:Along with all this, risk management and money management should also be a part of a trader’s plan.cardigan posted:A trading plan must include how a trader will find and execute trades. It must also be clear in what conditions they will buy and sell securities, the position size they will take, and other rules like when to trade and when not to. As simple as that!
But what constitute a good trading plan?
Member Since Jul 23, 2020
759 posts
Mar 11, 2021 at 11:55
The trading plan should consist of proper risk and money management strategies in the trading market.
Mar 13, 2021 at 18:26
Where there is a 95% chance of making a profit, it can never be a gamble. There is no possibility of gambling. It is possible to make a profit by gaining proper knowledge in forex trading. Forex is not gambling, trading is done by analysis here. It is possible to maintain the risk with stop loss after analysis.
Mar 14, 2021 at 06:46
I have seen many expert consider scalping as a risky strategy. I am not willing to consider scalping as a risk for the newcomers, if the newcomers want to get maximal result by scalping with certainly they have to make sure first of all the currency pair which has lowest trading spreads, otherwise it can be a great risky
Member Since May 19, 2020
350 posts
Aug 24, 2021 at 17:39
I do not understand what is meant when you say weakness. Are these errors in the trading system or lack of any knowledge? We need to figure out what these weaknesses can be connected with, because it is impossible to ignore them.
You can build your trading using only your strengths, but be prepared for the market to exploit all your weaknesses tomorrow.
You can build your trading using only your strengths, but be prepared for the market to exploit all your weaknesses tomorrow.
@Marcellus8610
Member Since Mar 16, 2021
477 posts
Aug 25, 2021 at 01:06
Of course, lessons should be learned from mistakes to strengthen weaknesses. If I make the same mistake again and again, I will not get a good profit by trading.
Member Since May 19, 2020
350 posts
Aug 25, 2021 at 10:17
LukeRachel posted:Unfortunately, not everyone who lost understands this and does not even try to look for their mistakes, thinking that the market is to blame for everything bad in the world
Of course, lessons should be learned from mistakes to strengthen weaknesses. If I make the same mistake again and again, I will not get a good profit by trading.
@Marcellus8610
Member Since Mar 16, 2021
477 posts
Aug 26, 2021 at 02:13
MarcellusLux posted:The trader needs a plan to be successful. If there is a lack of a plan, it is very difficult to succeed.LukeRachel posted:Unfortunately, not everyone who lost understands this and does not even try to look for their mistakes, thinking that the market is to blame for everything bad in the world
Of course, lessons should be learned from mistakes to strengthen weaknesses. If I make the same mistake again and again, I will not get a good profit by trading.
