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.
In trading, it is important to understand that plans do not always work. This is an industry that requires the ability to adapt.
davesper posted:
In trading, it is important to understand that plans do not always work. This is an industry that requires the ability to adapt.
hi all. i'm newbie and have question.
how quickly you change plan if everything goes wrong?
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.
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.
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