yes this is very important , most trader do not care with use plan or money management
but it is very neccessary to use it as you can determine how and when you exit from the trade when it turn against you
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yes this is very important , most trader do not care with use plan or money management
but it is very neccessary to use it as you can determine how and when you exit from the trade when it turn against you
Yes, off course trading plan is needed to be successful. Forex trading is very risky it is not easy at all. So you have to make your own plan that how you will do trade. You have to make a strategy and also you have to make a good money management to survive in Forex market.
Yes i'm agree with you. I think all trader that want to be success must have their own trading plan/rule/system that they must obey. So emotion can be handled not ruin our trading.Quote:
Originally Posted by miketega3
If you have no plan you cant success anywhere in your life. remember forex trading is a biggest market in the world and it has own rule. so trader must have nice plan. otherwise he never success, and its true that if you earn more, must analysis more and practice more.Quote:
Originally Posted by miketega3
yes brother a successful trader must have some good plan for his business. every one should to take it. when i start my trading job i follow a good trader who earn lot of money from forex trading business. now i think i am a successful trader and i know what i doing for my carrier.
sabhi ko trading ma safal hone ke liye ksis plan ka banana jaruri ha nahin to bina ksisi planing ke koi b business safal nahin hota aur nahi h0 sakta ha isiliuye trading karte samy ek acchi planing kare jisse ki losss na hone karan kam ho
Working without plan is like a boat without a boatman.So,in every span of life we need to stick to our plans.We have proper plan means we are going to achieve our target very easily.
I only learn how to make my trading plan this year because my last year trading experience is always about experiments with different techniques and strategies. Now I am a better trader this year. if i have a successful trading strategy that is good and give most of the time profit near to 80-90% than no matter of money management or trading plan.
I agree with you cause without plan it is very difficult to gain in forex market
My suggest to you that:
first think
then analysis
then market overview
A honorable trading counseling makes us much convergent trading, patch the things we do not need to happen in the trading, it is a import of apiece merchant, but the main abstraction is how we win our margins to preserve to farm as likely.