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To make a good trading plan
会员从Jun 22, 2020开始
69帖子
Jan 11, 2021 at 09:48
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.
会员从Jan 11, 2019开始
140帖子
Jan 11, 2021 at 11:30
to make a good trading plan one should be full of confidence but also aware of the weakness to ensure and avoid mistakes.
会员从Dec 01, 2020开始
16帖子
Mar 10, 2021 at 11:55
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!
会员从Oct 26, 2020开始
30帖子
Mar 10, 2021 at 12:44
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.
会员从Jul 23, 2020开始
816帖子
Mar 10, 2021 at 15:00
Demo account is the best place to make a trading plan. Plan is important to make consistent profit.
会员从Dec 01, 2020开始
16帖子
Mar 11, 2021 at 10:22
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.
会员从Jul 23, 2020开始
696帖子
Mar 11, 2021 at 11:55
The trading plan should consist of proper risk and money management strategies in the trading market.
Mar 14, 2021 at 06:46
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
会员从May 19, 2020开始
321帖子
Aug 24, 2021 at 17:39
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
会员从Mar 16, 2021开始
447帖子
Aug 25, 2021 at 01:06
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.
会员从May 19, 2020开始
321帖子
Aug 25, 2021 at 10:17
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
会员从Mar 16, 2021开始
447帖子
Aug 26, 2021 at 02:13
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.
会员从Aug 26, 2021开始
9帖子
Aug 26, 2021 at 10:23
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
Aug 28, 2021 at 15:34
@bridgekarate Yes newbie should spend time on developing knowledge and trading skills. Planning is a later part of trading.
会员从Mar 16, 2021开始
447帖子
Aug 29, 2021 at 01:37
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.
