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Yes you are right we must need to make our own trading plan and follow that trading plan to make good profit from Forex . Without proper planing we can't trade well for a long time . If we want to make huge profit and do our trade for a long time we must need own special trading plan.
Trade secrets? there is not a secret here. Equally rich in other businesses persistence and discipline will surely succeed. analysis is that, either fundamental or technical there own success story .. well did the scalping technique of trading, day trading or swingers have their characters? Where are you really? everything. Which is more profitable? all also profit. The point is to adjust the risk profile of each.
yes it is true I need a trading plan. for every time I trade the plan I apply if there is a mistake I have to prepare a second plan. planing very helpful directing us into the right strategy
we need an trading plan not only for our trading career but i think we need good trading plan before every trade. that is the best strategy in mind. we can control our trading by making planing. and also we can avoid the losses.
of course you will always need a trading plan. without it you will lose direction. and your trading will get worse.
Your trading plan should be prepared each day, with a proper analysis so you will be more focused. and certainly do not ever trading does not comply with your trading plan, because it will affect your trading spirit.
for example, in trading today you have a plan buy, because it is in conformity with your daily analysis. but suddenly changing market trends, and tend to go down, then you do sell, meaning it does not fit with your trading plan. if your profit was not a problem, but if it's wrong then you've made a fatal mistake, which will affect your emotions. and could cause you loss.
Same opinion with you if any trader can success if can good trading plan. May be his knowledge good about forex but he not arrange good trading plan may be many loss for this reason.
Trading plan is important thing. trading without a plan like playing a football game without a plan chances are you are going to lose your money quickly and get out of the market with 0 dollars
in addition to a good trading plan that does not do the trade over and make a flexsible MM, there are important is learning to analyze market trends. Her MM also did well over the trade that can not be analyzed with either too difficult to get a consistent profit
a forex trader who has a clear goal will definitely try to incorporate goals into a clear plan anyway. as well as a forex trader, he will try to enter into a trading goals trading plan, he is doing so in order to remain able to gain clarity in any conduct trading activitiesQuote:
Originally Posted by manci
preparing is essential in assisting all of us to ensure success. since the strategy can make all of us much better in most get. training course having a strategy can make all of us much more in a position to create choices perfectly, since the preparing that could create all of us much more