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To make a good trading plan

sailingconsist
Mar 10 at 12:44
33 mensajes
leahmclaughlin posted:
cardigan posted:
But what constitute a good trading plan?

 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!

Along with all this, risk management and money management should also be a part of a trader’s plan.

LyudmilLukanov
Mar 10 at 15:00
355 mensajes
Demo account is the best place to make a trading plan. Plan is important to make consistent profit.

leahmclaughlin
Mar 11 at 10:22
20 mensajes
sailingconsist posted:
leahmclaughlin posted:
cardigan posted:
But what constitute a good trading plan?

 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!

Along with all this, risk management and money management should also be a part of a trader’s plan.

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.

SofieAndreasen
Mar 11 at 11:55
377 mensajes
The trading plan should consist of proper risk and money management strategies in the trading market.

Mohammadi
Mar 13 at 05:47
871 mensajes
most of the time i losses during news , may be its my lack of fundamental knowledge, actually without real powerful fundamental knowledge there is no way to bring profit during news at all.

Tremblay
Mar 13 at 18:26
152 mensajes
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.

Mohammadi
Mar 14 at 06:46
871 mensajes
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

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