Edit Your Comment
Have a plan and stick to it
Biedrs kopš
617 ieraksti
Sep 27, 2022 at 13:56
Biedrs kopš
617 ieraksti
A trader can’t derive good amount of profit from the market until he or she has a flourished trading strategy. And traders have to struggle for developing a good trading strategy.
forex_trader_3036016
Biedrs kopš
15 ieraksti
Oct 06, 2022 at 11:18
Biedrs kopš
15 ieraksti
A trading plan gives you a direction to achieve your goals. It includes pointers like stop loss, T/P profits, time-frame, and other things that traders should consider while executing a trade. A well-constructed plan also prevents you from getting distracted.
Biedrs kopš
617 ieraksti
Oct 07, 2022 at 06:21
Biedrs kopš
617 ieraksti
There are so many e-books containing the basics of Forex trading and a pile of video tutorials available on Youtube.
Biedrs kopš
15 ieraksti
Oct 14, 2022 at 10:21
Biedrs kopš
15 ieraksti
Creating a trading plan is simple, but acting upon it isn't. So, make sure you hold on to your emotions and follow the plan properly to avoid risks.
Biedrs kopš
75 ieraksti
Oct 16, 2022 at 10:51
Biedrs kopš
75 ieraksti
A trader needs to develop himself until the end of his trading career. He should fight for bringing consistency in trading because consistency is compared to a brick.
Biedrs kopš
6 ieraksti
Oct 27, 2022 at 11:32
Biedrs kopš
6 ieraksti
A proper trading plan assists in maintaining discipline and will also help you to move in the right direction. Without a trading plan it will be difficult to strategize your trades. Of course, a trading plan does not guarantee success, but sticking to it will help you sustain in the market.
Biedrs kopš
617 ieraksti
Oct 28, 2022 at 12:08
Biedrs kopš
617 ieraksti
There are many social media groups and websites that are ceaselessly selling signals and majority of them are fraud.
Biedrs kopš
50 ieraksti
Oct 28, 2022 at 13:01
Biedrs kopš
50 ieraksti
A trading plan lays out all the criteria that must be met before any trading decision is made. So, it is important to have a trading plan.
Biedrs kopš
16 ieraksti
Nov 09, 2022 at 07:45
Biedrs kopš
16 ieraksti
A good trading plan includes risk-reward ratio, money management, risk management, and so on. Aspiring traders should develop and strictly adhere to a trading plan. It will ensure a profitable trading career with no unneeded losses.
Biedrs kopš
50 ieraksti
Nov 09, 2022 at 12:05
Biedrs kopš
50 ieraksti
A forex trading plan is only effective if it's followed properly.
Biedrs kopš
75 ieraksti
Nov 10, 2022 at 05:39
Biedrs kopš
75 ieraksti
Educate yourself the way you feel comfortable. There are several e-books available online by reading which traders can enhance their trading knowledge.
Biedrs kopš
21 ieraksti
Dec 01, 2022 at 07:33
Biedrs kopš
21 ieraksti
Making a plan is easy but sticking to it with full dedication and discipline is quite difficult. In order to sustain itself in the forex market it's very important to follow your routine and plan.
Biedrs kopš
10 ieraksti
Dec 01, 2022 at 10:11
Biedrs kopš
10 ieraksti
idimitrov posted:Which sucks, Journaling and tracking your progress as a trader helps you a lot because it shows you exactly what you're doing wrong or where you need to improve. Personally when I test something out and it doesn't work I write it in my journal.
unfortunately not many traders have a journal
What do you do in your trading plan?
We are always WINNING!
Biedrs kopš
75 ieraksti
Dec 02, 2022 at 08:42
Biedrs kopš
75 ieraksti
Risk management policyis the weapon of trading. Alongside so, try to trade with micro accounts with low leverage and spread on pairs.
Biedrs kopš
10 ieraksti
Dec 03, 2022 at 11:59
Biedrs kopš
10 ieraksti
GeorgeBischof posted:
Yes, you are right. i always try to do that. One plan, one strategy. Though it doesnt work all the time, it helps to earn money most of the time.
I used to do that, Now the best option is yes stick to one plan, one strategy. But try to swap things out that doesn't work and if the plan and strategy isn't giving you the results you desire. Then you get a new plan and strategy you stick too and improve on. It is one plan, one strategy, but you also improve on that plan and strategy so it becomes full proof.
What other things do you do to prepare yourself for trading so you can get the most profit?
We are always WINNING!
Biedrs kopš
40 ieraksti
Dec 06, 2022 at 05:49
Biedrs kopš
40 ieraksti
Many traders find it difficult to stick to a plan and make things work due to stress and low morale. They don’t have the confidence needed to make the right moves. So practising on a demo account can build that confidence and make them understand the market in a better perspective.
Biedrs kopš
51 ieraksti
Dec 16, 2022 at 10:17
Biedrs kopš
51 ieraksti
binarysumo22 posted:Indeed, following a trading plan is one of the most integral parts of trading. When you stick to your plan, it gets easier to find out the loopholes you’ve been missing out on and you can easily track your progress. I know trading often gets tedious at times but if you let emotions play, you’ll pay the price!
Many traders find it difficult to stick to a plan and make things work due to stress and low morale. They don’t have the confidence needed to make the right moves. So practising on a demo account can build that confidence and make them understand the market in a better perspective.
Biedrs kopš
28 ieraksti
Dec 19, 2022 at 07:31
Biedrs kopš
28 ieraksti
Sticking to a plan can be difficult for beginners but with time and patience, learning through loss, they can build an understanding of market psychology and try to earn more profit.
Biedrs kopš
56 ieraksti
Dec 20, 2022 at 11:42
Biedrs kopš
56 ieraksti
Sublimes posted:Yes, it can be challenging at first. But if beginners are determined enough to trade according to their plan and are consistent in their approach, they will profit.
Sticking to a plan can be difficult for beginners but with time and patience, learning through loss, they can build an understanding of market psychology and try to earn more profit.
*Spams netiks pieļauts, un tā rezultātā var slēgt kontu.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.