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To make a good trading plan
Участник с Jul 19, 2020
310 комментариев
Jan 03, 2021 at 07:19
Участник с Jul 19, 2020
310 комментариев
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.
Участник с Jun 22, 2020
69 комментариев
Jan 11, 2021 at 09:48
Участник с Jun 22, 2020
69 комментариев
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.
Участник с Jan 11, 2019
140 комментариев
Jan 11, 2021 at 11:30
Участник с Jan 11, 2019
140 комментариев
to make a good trading plan one should be full of confidence but also aware of the weakness to ensure and avoid mistakes.
Участник с Jan 13, 2021
38 комментариев
Feb 15, 2021 at 08:47
Участник с Jan 13, 2021
38 комментариев
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.
Участник с Jul 27, 2020
99 комментариев
Feb 15, 2021 at 11:07
Участник с Jul 27, 2020
99 комментариев
But what constitute a good trading plan?
Участник с Dec 01, 2020
16 комментариев
Mar 10, 2021 at 11:55
Участник с Dec 01, 2020
16 комментариев
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!
Участник с Oct 26, 2020
30 комментариев
Mar 10, 2021 at 12:44
Участник с Oct 26, 2020
30 комментариев
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.
Участник с Jul 23, 2020
816 комментариев
Mar 10, 2021 at 15:00
Участник с Jul 23, 2020
816 комментариев
Demo account is the best place to make a trading plan. Plan is important to make consistent profit.
Участник с Dec 01, 2020
16 комментариев
Mar 11, 2021 at 10:22
Участник с Dec 01, 2020
16 комментариев
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.
Участник с Jul 23, 2020
696 комментариев
Mar 11, 2021 at 11:55
Участник с Jul 23, 2020
696 комментариев
The trading plan should consist of proper risk and money management strategies in the trading market.
Участник с Aug 11, 2017
870 комментариев
Mar 13, 2021 at 05:47
Участник с Aug 11, 2017
870 комментариев
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.
Участник с Aug 11, 2017
870 комментариев
Mar 14, 2021 at 06:46
Участник с Aug 11, 2017
870 комментариев
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
Участник с May 19, 2020
321 комментариев
Aug 24, 2021 at 17:39
Участник с May 19, 2020
321 комментариев
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.
You can build your trading using only your strengths, but be prepared for the market to exploit all your weaknesses tomorrow.
@Marcellus8610
Участник с Mar 16, 2021
447 комментариев
Aug 25, 2021 at 01:06
Участник с Mar 16, 2021
447 комментариев
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.
Участник с Aug 21, 2021
60 комментариев
Aug 25, 2021 at 10:11
Участник с Aug 21, 2021
60 комментариев
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.
Участник с May 19, 2020
321 комментариев
Aug 25, 2021 at 10:17
Участник с May 19, 2020
321 комментариев
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
Участник с Mar 16, 2021
447 комментариев
Aug 26, 2021 at 02:13
Участник с Mar 16, 2021
447 комментариев
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.
Участник с Aug 26, 2021
9 комментариев
Aug 26, 2021 at 10:23
Участник с Aug 26, 2021
9 комментариев
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
Участник с Jul 19, 2020
749 комментариев
Aug 28, 2021 at 15:34
Участник с Jul 19, 2020
749 комментариев
@bridgekarate Yes newbie should spend time on developing knowledge and trading skills. Planning is a later part of trading.
Участник с Mar 16, 2021
447 комментариев
Aug 29, 2021 at 01:37
Участник с Mar 16, 2021
447 комментариев
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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