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To make a good trading plan

AliForexTalks
Sep 25 at 17:19
81 postów
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.

AliaDare
Oct 04 at 13:08
702 postów
AliForexTalks posted:
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.

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.

UweMoench
Oct 05 at 04:58
647 postów
Plan, discipline and mindset is important for trading. Without them, even a good strategy can not save a trader from losing.

no_frame
Oct 05 at 10:25
32 postów
UweMoench posted:
Plan, discipline and mindset is important for trading. Without them, even a good strategy can not save a trader from losing.

I agree with you, a good strategy and a disciplined trader can always make his trading profitable.

Chelsea Blacks (blackChelsea)
Oct 05 at 10:34
102 postów
Strategy that has been back-tested for different time frames has the more probability of landing you on the ground of success.

CocoChannel
Oct 05 at 11:42
33 postów
According to me, a good trading plan with sufficient knowledge leads to more profitable results.

Akasuki
Oct 05 at 12:23
342 postów
@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.

LukeRachel
Oct 05 at 14:51
395 postów
UweMoench posted:
Plan, discipline and mindset is important for trading. Without them, even a good strategy can not save a trader from losing.

It is not possible to secure investment without a plan. A trader needs to coordinate his plan and discipline.

Andromaris
Oct 06 at 18:54
25 postów
Trading plan should be as objective as it is possible and it should also include the objectives, risks and hedging.

Oghmage
Oct 06 at 19:05
22 postów
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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