Gee Dee Posted July 16, 2018 Share Posted July 16, 2018 Trading plan can help a foreign currency exchange trader in its own way. No matter whether a trader is trying to make investment on short term or long term basis, a proper trading plan can help a forex trader to achieve his goals to major extent. The reason is: it is a very helpful process to follow a trade plan to avoid over-thinking. Then his concentration remains on the execution of his own plan to achieve the targeted profit. Quote Link to comment Share on other sites More sharing options...
anna.serea Posted July 23, 2018 Share Posted July 23, 2018 People always say to make a good trading plan for success in forex. Please give me a good trading plan example. Quote Link to comment Share on other sites More sharing options...
Sininfinity Posted August 1, 2018 Share Posted August 1, 2018 People always say to make a good trading plan for success in forex. Please give me a good trading plan example. I guess you have not gone through a forex school. My suggestion is go through this https://www.babypips.com/learn/forex/what-is-a-trading-plan If that looks like too much then try to read this https://www.babypips.com/learn/forex/summary-developing-a-trading-plan Quote Link to comment Share on other sites More sharing options...
uncle gober Posted August 7, 2018 Share Posted August 7, 2018 Besides that, the preparation of the trading plan must be done well, and in accordance with the passion of each trader, it is necessary for traders to be able to make maximum profit in real accounts well. Quote Link to comment Share on other sites More sharing options...
bearhugs Posted August 18, 2018 Share Posted August 18, 2018 I think everyone should start by constructing their own trading plan. The best trading plan is one that is very detailed with every possible scenario covered. Quote Link to comment Share on other sites More sharing options...
Michael Butcher Posted August 20, 2021 Share Posted August 20, 2021 I believe that trading is a really great option for earning. The important part of trading is to achieve a positive result. You need to make sure that the broker is reliable before start. When I was looking for the right broker I found the site Finarm com, which helped me to choose the right broker. I can recommend you to visit it. Quote Link to comment Share on other sites More sharing options...
e_abrams Posted August 22, 2021 Share Posted August 22, 2021 It is an option to earn indeed, but if one doesn't know what they're doing, they are more likely to lose. Quote Link to comment Share on other sites More sharing options...
bigxy Posted August 24, 2021 Share Posted August 24, 2021 They should then start with a demo account to learn how the forex trading processes work and if they lose while trading demo account they will lose nothing but gain experience because demo accounts comes up with virtual funds. Quote Link to comment Share on other sites More sharing options...
Dora Wi Posted August 25, 2021 Share Posted August 25, 2021 14 hours ago, bigxy said: They should then start with a demo account to learn how the forex trading processes work and if they lose while trading demo account they will lose nothing but gain experience because demo accounts comes up with virtual funds. I agree, demo accounts are a great tool for learning and practicing without the risk. I think every beginner should try using a demo account first. Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted September 27, 2021 Share Posted September 27, 2021 On 8/25/2021 at 3:00 PM, Dora Wi said: I agree, demo accounts are a great tool for learning and practicing without the risk. I think every beginner should try using a demo account first. We will need to make use of the Demo trading accounts so t hat we can get more income from doing our trades. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted October 2, 2021 Share Posted October 2, 2021 As for me, planning in trading may not always work. Sometimes in this industry you need to make decisions quickly, without a plan. Quote Link to comment Share on other sites More sharing options...
Dora Wi Posted October 6, 2021 Share Posted October 6, 2021 On 9/27/2021 at 4:08 PM, FXOpen Trader said: We will need to make use of the Demo trading accounts so t hat we can get more income from doing our trades. Yes, definitely! Quote Link to comment Share on other sites More sharing options...
Vaabum Posted October 9, 2021 Share Posted October 9, 2021 This is a fairly correct option, but rather difficult to implement in trading. Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted October 12, 2021 Share Posted October 12, 2021 On 10/10/2021 at 1:32 AM, Vaabum said: This is a fairly correct option, but rather difficult to implement in trading. We will need to use such kind of a Trading System that is more easy for us t o understand and use. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted October 13, 2021 Share Posted October 13, 2021 The planning process in trading is quite important, but enough attention should be paid to implementation. It should be understood that plans on the market do not always come true. Quote Link to comment Share on other sites More sharing options...
Upoctin Posted February 15, 2022 Share Posted February 15, 2022 Without a great plan, trading is actually similar to trading randomly, which is not productive. Once you have any good plan regarding your pairs, timings of trading, trading strategy, trading volume, daily target, what to do in case you carry losses, how to exchange your emotions while trading, etc, then you'll find that you'll be able to increase the chances of your trades once you are trading within an organized manner. 1 Quote Link to comment Share on other sites More sharing options...
nanamage Posted February 15, 2022 Share Posted February 15, 2022 It's really a test of our adrenaline if the analysis is wrong or press the OP position incorrectly. So making a Freshforex trading plan first is highly recommended. Quote Link to comment Share on other sites More sharing options...
Upoctin Posted February 16, 2022 Share Posted February 16, 2022 1- Outline your motivation. 2- Decide how much time you can commit to trading. 3- Define your goals. 4- Choose a risk-reward ratio. 5- Decide how much capital you have for trading. 6- Assess your market knowledge. 7- Start a trading diary. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted February 16, 2022 Share Posted February 16, 2022 Trading plans are not the easiest option. Quite often the market changes, and so do forecasts. So planning is pretty hard. Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted February 21, 2022 Share Posted February 21, 2022 On 2/16/2022 at 8:27 PM, Vaabum said: Trading plans are not the easiest option. Quite often the market changes, and so do forecasts. So planning is pretty hard. We should try to understand the importance of making use of the correct Trading plan in doing our trades into the markets. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted March 3, 2022 Share Posted March 3, 2022 Trading planning is actually a very difficult task. It is important to understand that the market is very difficult to predict. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted March 7, 2022 Share Posted March 7, 2022 Planning and the market are incompatible things. When I worked with a broker from ExpertOption, I tried to use plans as little as possible. Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted March 13, 2022 Share Posted March 13, 2022 On 3/7/2022 at 5:56 PM, Vaabum said: Planning and the market are incompatible things. When I worked with a broker from ExpertOption, I tried to use plans as little as possible. I have been doing my Forex Trading from the last 10 Years with FXOpen Markets and they have very secure and fast Trading MT4 Terminal Quote Link to comment Share on other sites More sharing options...
Upoctin Posted March 18, 2022 Share Posted March 18, 2022 Factors specific to trading currencies can cause some traders to expect greater investment returns than the market can consistently offer, or to take more risk than they would when trading in other markets. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted March 18, 2022 Share Posted March 18, 2022 Planning in trading is a rather open question. You need to understand that the market is always in dynamics and planning something is quite difficult. Quote Link to comment Share on other sites More sharing options...
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