Create trade plan system, one by one.

jo log forex me purany hen wo log ab tak buht kuch smajh gay hongay ...or apni ek stratgy bna kr planning ke zrye trade krtay hun gay ...
her trader koi na koi plan bna kr hi trade krta he jis say usko profit milta he...

thanks very well written though can give us some more knowledge about the sideway zone and market zone and so on... strategies because i have heard that for the first time and i am not aware of it so pls open a new thread on this one too.

trading plan is essential for every trader to execute his trading strategy perfectly so i would advise every trader to have his/her own trading plan and set some rules for their trading so that they can perform well in the live market and earn more.

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Originally Posted by Paman Gober

1. Determine our trading Style
we include scalper, Daytrader, swingtrader, position trader, or investor?
it's important to determining our trading schedule, n our trading strategy

2. Determining the Trading Schedule (morning, afternoon, or night)
it is associated with the strategy taken, would make trading in sideway zone (morning-afternoon) or in the market zone when market open (evening and night) for the EU GU pairs.

3. Creating Trading Strategy
including the open position rules, rules Exit. whether to use a stop loss, cut loss, TrailingStop, hedging, martingale, doublecover, averaging, etc..
trading strategies in accordance with the rules no 2, the trading zone which will be used, make no mistake in putting strategies = do not place the scalping strategy in the market zone/ market open, and do not put the market zone strategy in sideway zone.

4. Making Money Management based on strategy
MM is very important in trading,do not occur our plans that we have been compiled from number 1-3 is good, but was destroyed in an instant because MM is not good ..

5. Strengthen our Trading Psychology
psychology is the most important factor in trading, as in control of all the rules that have been made, so should not oversimplify the psychology of trading, DISCIPLINE, CONSISTENT, greedy, STRESS, revenge, is a common thing in Forex.
we should be able to set it in order to get the Maximal Profit , also get the peace and comfortable life.

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i agree with you, because the trading plan is needed in trading, because when you do not know your trading goals, and that's the danger, and when you know your trading goals, you can develop a plan to achieve your trading goals, in order to do that we need trying to get a good trading plan, and even better we are disciplined in accordance with the plans

i want say about this actually don't follow someone else's trading advice blindly. Just because someone may be doing well with their method, it doesn't mean it will work for you. we all have different market views, thought processes, risk tolerance levels, and market experience then you can get success

Yes, I agree with you..hr kisi ko apna trading plane bnaana chahaiy. blky phly hi apni trade start hony sy apna trading plane tiar hona chahaiy. is trha usy trade ky between koi problem ni ho gi. ma bi apna trading plane phly hi bna ka rkhta hu.

I always do make the trading strategy with good planning and can make my trading successful. It is extremely needed for our success.

i think you will appreciate the fact that having a good foundation is non-negotiable. An architect can have the best blueprint in the history of the world, but without laying a foundation, it’s meaningless. it is the same for us when it comes to investing in the Forex market. Before we can build our wealth house we need to have a foundation in place, a Forex Trading System that will create an environment where our capital can be protected and prosper in forex trade

Yes it is very important to have a good trading plan and system before starting real trade.We can develop our own strategy in demo account.We must have a trading system,risk and money management rules and trading psychology and right attitude.

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Originally Posted by bablu7832

Yes it is very important to have a good trading plan and system before starting real trade.We can develop our own strategy in demo account.We must have a trading system,risk and money management rules and trading psychology and right attitude.

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I am agree with you. Making trading plan is one of key success in forex trading. We should provided a good strategy and analysis to make profits and we should minimizing our loss with stop loss on our trade