Trading plans

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Thread: Trading plans

  1. #1
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    Default Trading plans

    Trading plans
    Trading plans help make Forex trading easier by acting as a personal decision-making tool. It also helps maintain discipline in the volatile FX market. The purpose of this plan is to answer important questions such as what, when, why and how much to trade.
    It's very important that your Forex trading plan is your own. There is no point in copying another person's plans. Also, they will almost certainly differ in the amount of time and money devoted to trading. My broker ForexChief provide me with a trading diary that can use to keep track of everything that happens during a trade, from entry and exit points.

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    Forex is a risky market. If you want to be successful in this market, you need to be very careful. You need to follow a plan to make a profit. Without planning you can not survive in this market for a day. Every trader has different types of plans. So if you want to be successful you need to make an extraordinary trading plan. I am trying to make different types off plans always tom make profit from this market. My broker Forex4you helps me a lot to make plans and make profits from this risky market.

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    Planning is essential in trading and according to my understanding a trader ought to dependably endeavor to trade with a legitimate arranging. According as far as anyone is concerned there are 3 periods of trading where getting ready which incorporates arranging the trade is critical. I arranged everything like from a broker to escaping the trade. I am as of now trading with Eurotrader and with their analysis, instructive materials, most reduced spreads and best execution I am making great benefit regular.

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    Plan and discipline are a big part of trading. It is not possible to start a trading career without that part. Many traders trade when they are in front of the platform. They have no plan. Later we saw that they lost from the market due to loss. Every trade needs a plan. It is never possible to trade without a plan. I take a trade after doing a lot of analysis. And even if that trade is close to the loss, I never try to cover that loss by over trading. Because it falls under my discipline.

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    Quote Originally Posted by Patrik Ekström View Post
    Plan and discipline are a big part of trading. It is not possible to start a trading career without that part. Many traders trade when they are in front of the platform. They have no plan. Later we saw that they lost from the market due to loss. Every trade needs a plan. It is never possible to trade without a plan. I take a trade after doing a lot of analysis. And even if that trade is close to the loss, I never try to cover that loss by over trading. Because it falls under my discipline.
    Usually I follow my trading plan with Hotforex but casually I take high risk and trade on news like NFP on their fixed spread account. Sometimes I get spectacular results.

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    The leverage always consider as an important financial tool which an investor should consider when choosing a broker. it always contains risk , so before trading with leverage we the traders have to know how to manage risk , my trading career I always use 1:100 leverage for avoiding risk , but when I can predict the real faction of this market with certainly then I use up to leverage 1:500 that always ensures my trading platform LQDFX. So, my trading life is very much comfortable.

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    in ro ham eslah kon:
    Before dive into the largest decentralized market place you need to get enough education about forex trading. Forex education helps you to ensure the profit. Without the education of forex, it is not possible to make profit from this largest decentralized market place. Before starting forex trading, you can practise by a demo account. It will help you to know about all the techniques of forex. I am currently trading with Tpglobalfx. I also opened a demo account to learn about forex. It helped me to know all the basic things about forex practically and easily.

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