How to Plan Your Trade?

Without planing forex trading is very hard. I have a plan for rorex trading. I want to tread in forex every day and my target is 50 pips profit or loss everyday. I want to make my profit quickly. If i can do it then i stop my tread on this day. If i can not do it then i stop my tread because greed is very harmful for forex trading.

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Originally Posted by razafsd

I am new user, I am not well experienced. i planned to go through the forum to learn about the forex trading in order to avoid loss. After gaining basic information then i will try demo account to learn some trading tact's. I wish to invest 100$ at starting. You have discussed in detail it really informative for me. I thing this is also good way to trade at early stage. But i am still trying to learn rules and barriers of forex trading. I wish to try insta forex for trading. What do you suggest?

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Dear RAZA, i think you join Forex demo contest before the investment of real money in real account. $100 is enough money to invest as a newbie, so don't worry i am with you always.

yes agreed and commonly used risk of 2% for the indicator we use stickbar because it is simple and easy to read the movement of the rising and falling

for better trading u have lots of experience and learn everytime from worse policy make the trade a better planner is one who know the ups and downs of trade and change our policy according to trade and invest accordingly if success good planner otherwise........

First the trader should short list the items which he was using at the time of doing trading. And arrange these items in a specific order and he should stick to his trading plan. But in the trading the enter and the exit plan is very important.

my trading plan totally different about another trader. i have 2 years experience about Forex trading and i more profit withdraw her. i follow many trader and i find what the different between me and other and i develop me an other trader.

alright thanks very much for your analysis i know this will be a of a grate help to the members in the forum but i will like to know if this strategy can be use in all kind of pair i just hope you get this message and get back to the forum as soon as you can because i will so much like to invest into this strategy but more information needed

Planing is a real part of forex trading. Because without the proper planning, you cannot do well. If you planned to earn 50 pips and do trade according to your plan and strategy, the you will definitely get success on forex market.

You should plan your trade ahead of time. You know where you are going to buy and under what conditions. When these are struck to place stop loss and take profit and wait. This is how it should be done.

in example when a fireman climbs into the roof of a burning building he is scared but does it anyway ..and gets the job done it is same with trading it is ok to be scared but you have to pull the tiger ...no trigger ..no trades and no trader.