To make a good trading plan

Jan 03, 2021 at 07:19
Vues 1,831
36 Replies
Membre depuis Jul 19, 2020   posts 298
Jan 03, 2021 at 07:19
To make a good trading plan we need to know our strength and weakness. A trading plan should be based on strength. Most people ignore their weakness and try to trade in all kind of situation. It's not good.
Membre depuis Jun 22, 2020   posts 77
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.
Membre depuis Jan 11, 2019   posts 147
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.
Membre depuis Jan 13, 2021   posts 38
Feb 15, 2021 at 08:47
The first thing to note is that writing a plan for Forex is based on market analysis for the allotted time interval using fundamental and technical analysis.
Membre depuis Jul 27, 2020   posts 102
Feb 15, 2021 at 11:07
But what constitute a good trading plan?
Membre depuis Dec 01, 2020   posts 20
Mar 10, 2021 at 11:55
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!
Membre depuis Oct 26, 2020   posts 33
Mar 10, 2021 at 12:44
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.
Membre depuis Jul 23, 2020   posts 869
Mar 10, 2021 at 15:00
Demo account is the best place to make a trading plan. Plan is important to make consistent profit.
Membre depuis Dec 01, 2020   posts 20
Mar 11, 2021 at 10:22
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.
Membre depuis Jul 23, 2020   posts 759
Mar 11, 2021 at 11:55
The trading plan should consist of proper risk and money management strategies in the trading market.
Membre depuis Aug 11, 2017   posts 886
Mar 13, 2021 at 05:47
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.
Membre depuis Aug 11, 2017   posts 886
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
Membre depuis May 19, 2020   posts 408
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.
@Marcellus8610
Membre depuis Mar 16, 2021   posts 477
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.
Membre depuis Aug 21, 2021   posts 61
Aug 25, 2021 at 10:11
Formulating the proper strategy can leads to good trading plan, so it is always useful to experiment and get better in your trading journey. Another useful tips is to take into risk and money management.
Membre depuis May 19, 2020   posts 408
Aug 25, 2021 at 10:17
LukeRachel posted:
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.
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
@Marcellus8610
Membre depuis Mar 16, 2021   posts 477
Aug 26, 2021 at 02:13
MarcellusLux posted:
LukeRachel posted:
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.
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
The trader needs a plan to be successful. If there is a lack of a plan, it is very difficult to succeed.
Membre depuis Aug 26, 2021   posts 9
Aug 26, 2021 at 10:23
Why bother wasting time on a plan especially if you are a newbie. That time is better spent learning and demo a trading. A newbie is probably going to write a bad plan anyway
Membre depuis Jul 19, 2020   posts 751
Aug 28, 2021 at 15:34
@bridgekarate Yes newbie should spend time on developing knowledge and trading skills. Planning is a later part of trading.
Membre depuis Mar 16, 2021   posts 477
Aug 29, 2021 at 01:37
bridgekarate posted:
Why bother wasting time on a plan especially if you are a newbie. That time is better spent learning and demo a trading. A newbie is probably going to write a bad plan anyway
Exactly, first, you have to learn trading then you have to think of a plan.
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