trading after planning

[Gee Dee]

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.

 

[anna.serea]

People always say to make a good trading plan for success in forex. Please give me a good trading plan example.

[Sininfinity]

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

[uncle gober]

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.

[bearhugs]

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.

[Michael Butcher]

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.

[e_abrams]

It is an option to earn indeed, but if one doesn't know what they're doing, they are more likely to lose.

[bigxy]

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.

[Dora Wi]

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.

[FXOpen Trader]

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.

[Vaabum]

As for me, planning in trading may not always work. Sometimes in this industry you need to make decisions quickly, without a plan.

[Dora Wi]

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!

[Vaabum]

This is a fairly correct option, but rather difficult to implement in trading.

[FXOpen Trader]

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.

[Vaabum]

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.

[Upoctin]

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. 

[nanamage]

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.

[Upoctin]

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.

 

[Vaabum]

Trading plans are not the easiest option. Quite often the market changes, and so do forecasts. So planning is pretty hard.

[FXOpen Trader]

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.

[Vaabum]

Trading planning is actually a very difficult task. It is important to understand that the market is very difficult to predict.

[Vaabum]

Planning and the market are incompatible things. When I worked with a broker from ExpertOption, I tried to use plans as little as possible.

[FXOpen Trader]

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

[Upoctin]

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.

[Vaabum]

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.