To make a good trading plan
Mitglied seit Aug 10, 2021
178 Posts
Aug 30, 2021 at 02:10
If you have a good plan and strategy you will find trading easier.
Mitglied seit Jun 14, 2021
5 Posts
Aug 30, 2021 at 05:00
The only difference between a successful and unsuccessful trader is that one has a plan and the other does not. I once read somewhere that “Trading without a plan is nothing less than gambling” and I completely agree with it. A well-thought trading plan ensures a successful trade and it even helps you learn better through a demo account.
Mitglied seit Mar 17, 2021
536 Posts
Aug 30, 2021 at 08:40
Williamfreed posted:A good plan can make you rich in this market.
If you have a good plan and strategy you will find trading easier.
Aug 30, 2021 at 14:06
@SteveHanks With a good plan we also need proper execution of the plans. Without effective execution, a good plan is not a good plan.
Mitglied seit Jul 20, 2020
399 Posts
Aug 31, 2021 at 06:55
Unellene posted:
without a good plan for work in forex, there is really nothing to do, but in principle, this is how you can talk about any occupation
Exactly some people come in and dont have a structure and literally hope for the best each day/week
Aug 31, 2021 at 09:43
@CraigMcG2020 yes they think they will open trade and it will make them profit. It does not need any skills and experience. That is the sad part of forex market.
Mitglied seit Aug 17, 2021
94 Posts
Sep 25, 2021 at 17:19
1- Outline your motivation.
2- Decide how much time you can commit to trading.
3- Define your goals.
4- Choose a risk-reward ratio.
5- Decide how much capital you have for trading.
6- Assess your market knowledge.
7- Start a trading diary.
2- Decide how much time you can commit to trading.
3- Define your goals.
4- Choose a risk-reward ratio.
5- Decide how much capital you have for trading.
6- Assess your market knowledge.
7- Start a trading diary.
Oct 04, 2021 at 13:08
AliForexTalks posted:Of course, the subject needs to be maintained. We are all traders but some are profitable and some are a loss. What is the reason for this? The answer is if I want to say Proper Mindset and Plan can make me successful in trading.
1- Outline your motivation.
2- Decide how much time you can commit to trading.
3- Define your goals.
4- Choose a risk-reward ratio.
5- Decide how much capital you have for trading.
6- Assess your market knowledge.
7- Start a trading diary.
Oct 05, 2021 at 10:25
UweMoench posted:I agree with you, a good strategy and a disciplined trader can always make his trading profitable.
Plan, discipline and mindset is important for trading. Without them, even a good strategy can not save a trader from losing.
Mitglied seit Jan 22, 2021
125 Posts
Oct 05, 2021 at 10:34
Strategy that has been back-tested for different time frames has the more probability of landing you on the ground of success.
Mitglied seit May 27, 2021
57 Posts
Oct 05, 2021 at 11:42
According to me, a good trading plan with sufficient knowledge leads to more profitable results.
Oct 05, 2021 at 12:23
@CocoChannel Yes plan and enough knowledge is important but probably not enough as psychology plays a big part in trading. We need a good trading mindset as well.
Mitglied seit Mar 16, 2021
477 Posts
Oct 05, 2021 at 14:51
UweMoench posted:It is not possible to secure investment without a plan. A trader needs to coordinate his plan and discipline.
Plan, discipline and mindset is important for trading. Without them, even a good strategy can not save a trader from losing.
Mitglied seit Apr 18, 2019
30 Posts
Oct 06, 2021 at 18:54
Trading plan should be as objective as it is possible and it should also include the objectives, risks and hedging.
Oct 06, 2021 at 19:05
To make a good trading plan, you should have certain opinion and vision on forex. It is next to impossible to make a trading plan if you don't know anything about the market and trading and about yourself. You should know what you are good at and what your personality is. After it you have to combine certain requirements and your skills in order to make trading plan which will bring you profits.
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