bimal321 Posted April 21, 2013 Share Posted April 21, 2013 Trader most have good trading plan to make profit form forex. You should change your plan according to need of market, it means your plan should changeable. Without plan sure you will be in loss. Quote Link to comment Share on other sites More sharing options...
savehouse Posted April 28, 2013 Share Posted April 28, 2013 Trader most have good trading plan to make profit form forex. You should change your plan according to need of market, it means your plan should changeable. Without plan sure you will be in loss. with years of experiences as a trader,i don't think it safe to change plan,if one is able to stick to one plan as a trader,i can tell regardless of the loses one might make with the strategy and plan.i can tell one will still make profit regardless of the losses one might make.and that's why i do advise one should a range of profit target between 10-40%. Quote Link to comment Share on other sites More sharing options...
uncle gober Posted April 29, 2013 Share Posted April 29, 2013 Sure I have a trading plans. Before I opening my metatrader, I always ready with the plan. And remember, when we are already preparing our plans, try to keep referring to plans already made. Discipline is very important to be successful in this business. Quote Link to comment Share on other sites More sharing options...
budado Posted April 29, 2013 Share Posted April 29, 2013 I always have a trading plan. I do make sure that in the long run I can make good income without any problem. I know its really hard to make good income online. Its been a while since I last invested big money in forex and I got MC. And since then I make sure that each time I trade its all been check and its been supported by research and good analysis. Because without good analysis theirs a little chance that I can be successful. Quote Link to comment Share on other sites More sharing options...
humanhope Posted May 5, 2013 Share Posted May 5, 2013 Well, i usually follow and put the money to the professional and proven traders who have good plans and strategies in Forex trading here. This way is much better than to trade forex on my own. but I still have to learn more and more to be able to depend on myself. Quote Link to comment Share on other sites More sharing options...
gaban Posted May 7, 2013 Share Posted May 7, 2013 Of course, I have my trading plan for trading in InstaForex. Without a trading plan, I think we trade will not run properly. And to create a trading plan is also not easy. Quote Link to comment Share on other sites More sharing options...
Jeremi Posted May 8, 2013 Share Posted May 8, 2013 In fact it can be a blessing if we are going to know the successful trading strategies of experienced traders. We just have to copy this and we are on our way to earning substantially. However, if we can not get these strategies, better for us to construct our own plan and strategies. Quote Link to comment Share on other sites More sharing options...
humanhope Posted May 8, 2013 Share Posted May 8, 2013 Surely I have a trading plan, which is never to be too greedy and 8 pips profit I go to bed if trading was in the night, but Sometime my mind do fluctuate and tell me to collect more profit when the market is going on my direction. I always follow my mind and leave my mind suggestions. Quote Link to comment Share on other sites More sharing options...
Jeremi Posted May 9, 2013 Share Posted May 9, 2013 Actually I have a decent plan which I think is best for me since am making a good profit out of my plan so I guess its a great thing and idea to continue sting to my plans instead of developing another one so if you are a trader that has no plan you better develop one today for more profit. Quote Link to comment Share on other sites More sharing options...
humanhope Posted May 9, 2013 Share Posted May 9, 2013 Failure to plan means planning to fail that's why i always read the charts, read the economic news after which i analyze the market so i can draw out which currency pair to trade, when to enter the market, when to exit, which leverage, to set stop loss as well as take profit etc. Quote Link to comment Share on other sites More sharing options...
sakai Posted May 10, 2013 Share Posted May 10, 2013 it's known that trading in the forex, market without a trading plan is just a prerequisite for failure and losses. Forex trading requires a trader to have trading plans at all times and then implement or follow the trading plan. Most traders lose because they abandon their trading plan. Quote Link to comment Share on other sites More sharing options...
budado Posted May 10, 2013 Share Posted May 10, 2013 I only have one trading plan and that is averaging. The draw back of averaging if you make mistake in doing analysis. that's why I do weekly and daily analysis just to make sure that I'm trading in the right side of the track. I do hope I can make good income in forex trading for a long time. I'm sure many will going to end up losing big money in forex as they don't know how to trade but I'm sure in the long run we call can make good profit in here without any problem at all. Quote Link to comment Share on other sites More sharing options...
sakai Posted May 11, 2013 Share Posted May 11, 2013 For sure having a trading plan is very much important so that we would be able to make successful trading. With out a concrete plans that it would be hard for you to learn Forex trading well. I think you must always draw out a plan. Quote Link to comment Share on other sites More sharing options...
RodWell Posted May 11, 2013 Share Posted May 11, 2013 About me, I have a trading plan which contains money management rule, when to trade and when not to trade, which pair suitable to trade now, which day is not suitable for trading and recover plans. Our plans must be well studied. Quote Link to comment Share on other sites More sharing options...
pacifist Posted May 11, 2013 Share Posted May 11, 2013 I always wants to be a forex trader. My plan is to start trading step by step and i will invest little amount of money at the first time. Quote Link to comment Share on other sites More sharing options...
gaban Posted May 11, 2013 Share Posted May 11, 2013 Sure, a trader should have a trading plan because whatever we do will not run without a plan directed. And a trading plan will be produce maximum results if we are disciplined in implementing them. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted May 19, 2013 Share Posted May 19, 2013 Everyone should at least use of one strategy or to have create their trading plan. It will serves us our guide and that we will able to have trade properly and know of the different management towards success in Forex. If we don't have then we are doom because, we don't know what we are doing or we just aim for making losses and not ready for everything. Quote Link to comment Share on other sites More sharing options...
budado Posted May 19, 2013 Share Posted May 19, 2013 I just do averaging and hedging. Period. lols. I don't want to try other strategy anymore. In my experience hold and wait is the best way to make good profit in forex. As I'm sure I can really make something good in here in the long run. I know many don't like to invest big money in forex but now this is what I'm doing in forex as I do believe that we need money to earn money. Quote Link to comment Share on other sites More sharing options...
Samar Posted May 20, 2013 Share Posted May 20, 2013 Trading plan should be the first thing for any trader think of and I do hope that if you really want to make it big then be ready to have a good trading plan first then all others things should come easily without hassle but in a case were you don't have a good working strategy that is accompanied by plans. Quote Link to comment Share on other sites More sharing options...
pepy Posted May 23, 2013 Share Posted May 23, 2013 Yes, i have some plan to my trading, if you put your plan in action then i think it will be good for traders because they can trade systematically and also will give them better result if they can follow and also act so fast in based on our trading plan. it will make us become a different and unique traders Quote Link to comment Share on other sites More sharing options...
Samar Posted May 24, 2013 Share Posted May 24, 2013 Well, i usually follow and put the money to the professional and proven traders who have good plans and strategies in Forex trading here. This way is much better than to trade forex on my own. But I still have to learn more and more to be able to depend on myself. Quote Link to comment Share on other sites More sharing options...
budado Posted May 24, 2013 Share Posted May 24, 2013 I do have trading plan. I do hope to sustain and maintain my trading plan as I do earn 10% to 30% profit each month anyway. I do hope that my strategy is good enough to make me earn money in the long run. I know many do end up getting MC but I'm happy that some how even though I got multiple MC I still end up recover and now I can say I'm still earning 100 dollars a month some how. Quote Link to comment Share on other sites More sharing options...
davils9 Posted May 26, 2013 Share Posted May 26, 2013 every man should have a trading plan . because plan man can not success in life. so if a man want to success in forex it is most important for her to do a plan and take it easily for success and earn more Quote Link to comment Share on other sites More sharing options...
humanhope Posted September 9, 2013 Share Posted September 9, 2013 The essence of having a trading plan is to ensure that you anticipate what is to happen and look for ways to handle the scenarios that arise during trades. This is why we take the time to test out a trading strategy in demo account first before first taking it live and the same applies if you want to make changes to that plan again in the future. Quote Link to comment Share on other sites More sharing options...
Samar Posted September 9, 2013 Share Posted September 9, 2013 It's wrong to trade in the forex market without a good plan our plan give us success rate for sure and as well we obtain good knowledge and profit when ever we trade in this market this do give way to more success than we even ever imagine going to the forex market without good trading skills is like going to the river without a pot. Quote Link to comment Share on other sites More sharing options...
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