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To make a good trading plan
Anggota Sejak Aug 10, 2021
178 pos
Anggota Sejak Jun 14, 2021
5 pos
Aug 30, 2021 at 05:00
Anggota Sejak Jun 14, 2021
5 pos
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.
Anggota Sejak Mar 17, 2021
536 pos
Aug 30, 2021 at 14:06
Anggota Sejak Mar 28, 2021
617 pos
@SteveHanks With a good plan we also need proper execution of the plans. Without effective execution, a good plan is not a good plan.
Anggota Sejak Jul 20, 2020
399 pos
Aug 31, 2021 at 06:55
Anggota Sejak Jul 20, 2020
399 pos
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
Anggota Sejak Jul 19, 2020
751 pos
@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.
Anggota Sejak Aug 17, 2021
94 pos
Oct 04, 2021 at 13:08
Anggota Sejak Jul 19, 2020
788 pos
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
Anggota Sejak Aug 21, 2021
61 pos
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.
Anggota Sejak Jan 22, 2021
125 pos
Anggota Sejak May 27, 2021
57 pos
Oct 05, 2021 at 12:23
Anggota Sejak Mar 28, 2021
617 pos
@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.
Anggota Sejak Mar 16, 2021
477 pos
Oct 05, 2021 at 14:51
Anggota Sejak Mar 16, 2021
477 pos
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.
Anggota Sejak Apr 18, 2019
30 pos
Oct 06, 2021 at 19:05
Anggota Sejak Sep 26, 2019
23 pos
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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