of course best trading planing is important for traders and i say that we make our good trading business setup and we manage our trading with proper trading planing and we work in market with good management and we understand the market and we fully analysis the market and we work with market clear trend understanding then we make good earning with our forex trading business
I like the above points but my own opinion is that we will make successful trades every time we manage two things while trading on forex. one of them is time management and the second is money management. both of these tools are applied while trading forex and both are basic tools. and making the right trading plan before trading is very important to get consistent profits. We must always check the schedule of all economic news released every week, calculate support and resistance, pivot points etc., choose the right lot size, stop loss and take profit settings and time frame to trade. We should not set a daily profit target because Forex is a business that is so uncertain that we may not get what we expect.