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To make a good trading plan

no_frame
Aug 25 2021 at 10:11
35 โพสต์
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.

Marcel Durham (MarcellusLux)
Aug 25 2021 at 10:17
117 โพสต์
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

forextrader777
Aug 25 2021 at 10:59
116 โพสต์
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

Sadly, I have so many times that the one who made the mistakes are the one who never accepted it. Rather, they blamed it on someone else. I just truly hope they realized it is perfectly normal to make a mistake and you can always grow it.

LukeRachel
Aug 26 2021 at 02:13
467 โพสต์
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.

bridgekarate
Aug 26 2021 at 10:23
9 โพสต์
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

UweMoench
Aug 28 2021 at 15:34
739 โพสต์
@bridgekarate Yes newbie should spend time on developing knowledge and trading skills. Planning is a later part of trading.

LukeRachel
Aug 29 2021 at 01:37
467 โพสต์
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.

Williamfreed
Aug 30 2021 at 02:10
95 โพสต์
If you have a good plan and strategy you will find trading easier.

deanetellez
Aug 30 2021 at 05:00
5 โพสต์
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.

SteveHanks
Aug 30 2021 at 08:40
530 โพสต์
Williamfreed posted:
If you have a good plan and strategy you will find trading easier.

A good plan can make you rich in this market.

Akasuki
Aug 30 2021 at 14:06
441 โพสต์
@SteveHanks With a good plan we also need proper execution of the plans. Without effective execution, a good plan is not a good plan.

Unellene
Aug 30 2021 at 16:13
283 โพสต์
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

CraigMcG2020
Aug 31 2021 at 06:55
200 โพสต์
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

UweMoench
Aug 31 2021 at 09:43
739 โพสต์
@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.

RobSchiz
Sep 02 2021 at 21:16
550 โพสต์
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

You are absolutely right.

Unellene
Sep 04 2021 at 16:03
283 โพสต์
to develop such a plan for yourself, you need to work a lot both on yourself and on your ideas, and weed out the bad aspects and all the shortcomings from them

RobertFerrari
Sep 04 2021 at 19:00
326 โพสต์
CraigMcG2020 posted:
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

Low knowledge is very dangerous for this market.

croisssan
Sep 04 2021 at 19:41
676 โพสต์
It should be understood that trading is not always predictable. So, the plan is not always up to date.

Akasuki
Sep 05 2021 at 04:48
441 โพสต์
@RobertFerrari yes no knowledge or little knowledge is not enough to make money in the Forex market. You need deep understanding of the market.

Unellene
Sep 11 2021 at 16:04
283 โพสต์
it's not easy to make a good plan for work just like that, especially for a beginner, but in general for a beginner it is better to seek help from more experienced traders

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