Create trade plan system, one by one.

[kashifrehman]

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 ..

but in general strategy did not tell us that how much money use in in which way?

I think thsi depend on the trader that how much noney he use for a trade and how much risk he take with a strategy becasue with a strategy tehre are no hard and fast rules for money management in case of EA there are other exceptions.

[joko]

It's important to find out good trading plan which could help us to trade well in many different situations of market.
But some traders could use more than one trading plan because it's possible for one trader to trade with more than
one method to gain more profits.

[devvi]

I think it will be very good way for us to trade in forex with making plan.But it may be difficult also if we want to set them step by step.And for this traders have to spend many times here for making there plan complete.

because if we have good planning that will shorten our work we will get good results should never be afraid to try dann not easy to give up, keep the spirit

[Paman Gober]

It is a very good tutorial, and will definitely be useful for the beginner trader like me. in every task we must have a plan on how to start. we end up doing a shoddy job, in for ex the plan will guide us trading system.

thanks sir, hope it will useful for us... for beginner who want be succes n be professional trader, they must have trade plan, n improve it... n ican make simple word for it CANI "constant n never ending improvement"

[Rahul]

planing se hi trading ma accha profit kamaya ja skat aha agar bina ksisi planing ke trading ma kud pade to sab ulta pulta ho jaayega...uppar diye gayin sujhav thik to ha par ek had tak kyunki sabhi to expet nahyi ha

[mcceducation]

Trading plan is a very basic thing for a trader. A trader must have a trading plan if want to survive in the forex world. Trading plan became the basics of all traders who succeed. Do you agree with my statement?

Trading plan

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.
posted by Pamangober

Happy trade for you

thanks for your post, its help for newcomer but you need to demo trading because you need Trading experience so trading account you give Trading experience. then go real Account Trading if you are gone first time real account i hope you are not gain here. its my opinion.

[Bankmen]

I'm learning and knowing more in forex trading so my opinion might be able to catapult to all who trade fores this well and there are some traders get much money from forex and even get success from forex.

[Paman Gober]

I think trading plan is only one because it was system that will guide me to move in every condition of market. If there are many
trading plans, so it will be hard to follow which trading plan in every time I trade. I prefer to use only one trading plan in a time
so I can be confident with my own trading plan.

yes yourright, just make one trading plan..

was right before trading the trader must make a complete plan for the future plans of the day eg targets used 5 doalr and when it meets the targets mt4 trader must close because it will surely arise a greed that can not be controlled and thus will perform open

Ya...brother this is a great post.Trading plan is the main thing in forex.Without trading plan you can never take profit from Forex market.So first we need tradin plan.I learn more about trading plan from your post.Thanks brother for share a great post.

youre welcome brother

Yes to become a discipline trader one should need to follow those rule.If one doesnt have strategy like that he could make some profit in a short term basis but in the long rum he may be a blind one.

[eddy]

was right before trading the trader must make a complete plan for the future plans of the day eg targets used 5 doalr and when it meets the targets mt4 trader must close because it will surely arise a greed that can not be controlled and thus will perform open

[joko]

I think trading plan is only one because it was system that will guide me to move in every condition of market. If there are many
trading plans, so it will be hard to follow which trading plan in every time I trade. I prefer to use only one trading plan in a time
so I can be confident with my own trading plan.